The dried fish market in Italy experienced fluctuations over the past decade, with notable volatility. From 2012 to 2017, the market showed growth peaking in 2017, followed by a steep decline in 2018. Between 2019 and 2022, the market value stabilized with minor fluctuations, though it sat at a lower level compared to the previous peak, demonstrating a weak market. The year-on-year change highlighted significant variations, with the market contracting at an average annual rate (CAGR) of -6.51% over the last five years, indicating a challenging market environment.
Looking ahead, future trends to watch include a potential recovery driven by increasing consumer interest in traditional and healthy food options, export opportunities leveraging Italy's rich culinary heritage, and sustainable fishing practices. These factors could help revitalize demand and support market growth.
How does Italy rank in Dried FIsh Market Size Value?
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 871,340,000 | 2023 | +1.41% | +1.63% | View data |
| 2 | 2 Spain | 340,270,000 | 2023 | -0.39% | -1.19% | View data |
| 3 | 3 Italy | 169,490,000 | 2023 | +0.53% | +1.34% | |
| 4 | 4 Greece | 13,628,000 | 2023 | -3.86% | -4.34% | View data |
| 5 | 5 Poland | 5,897,200 | 2023 | -2.62% | -4.95% | View data |
