The forecast for mullet production in Italy's capture fisheries from 2024 to 2028 shows a steady decline. The production is projected to fall from 1.48 thousand metric tons in 2024 to 0.761 thousand metric tons in 2028. From 2023 to 2024, Italy observed the initial base year prior to the forecasted decline. Year-on-year analysis indicates a decreasing trend, with each year showing a negative growth rate through to 2028. The Compound Annual Growth Rate (CAGR) for 2024-2028 portrays a consistent shrinking industry within this period.
Future trends to watch for include potential impacts of environmental shifts on fish populations, technological advancements in sustainable fisheries, legislative changes in fishing quotas, and fluctuations in consumer demand for mullets. These factors could influence production levels and the industry's economic viability.
