In 2023, the production value of Shortnose Greeneye in capture fisheries in Italy stood at a higher level than forecasted for 2024 and beyond, underscoring a descending trend. From 2024, the forecast data shows a consistent year-on-year decline in value per metric ton, with a decrease from 2.17 thousand Euros in 2024 to 1.28 thousand Euros by 2028. This marks an annualized average reduction in production value known as the compound annual growth rate (CAGR) for the period from 2024 to 2028.
Key future trends to watch for:
- Environmental policies and marine conservation efforts which could impact fishing quotas and methods.
- Market demand shifts and changes in consumer preferences affecting seafood consumption.
- Technological advancements in sustainable fishing and operating efficiencies.
- Economic factors such as inflation, impacting the profitability and pricing strategy.
