In 2023, Italy's capture fisheries produced whole frozen shellfish valued at €21.923 million. Looking ahead, forecasted values reveal a consistent decline in production value, from €18.208 million in 2024 down to €3.2474 million by 2028. Year-on-year decreases are 20.9% for 2025, 26.1% for 2026, 34.9% for 2027, and 53.1% for 2028. Over the five-year period, the compound annual growth rate (CAGR) is a significant decrease, further highlighting the diminishing returns for this market.
Future trends to monitor include:
- Environmental policies impacting shellfish habitats and capture methods.
- Market demand shifts towards sustainable and locally sourced seafood.
- Technological advancements in aquaculture and alternative seafood production methods.
- Economic factors affecting consumer spending on luxury seafood products.