The forecast for Northern Prawn production in capture fisheries for human consumption in Italy shows a steady decline from 2024 to 2028. In 2023, the value stood at a historic €9.55 thousand per metric ton. Year-on-year, the value is expected to decrease by 1.78% by 2025 and a further 1.50% by 2026. Over the last two years leading up to 2028, the decline moderates to about 1.14% and 0.99% annually, respectively. The average annual decrease, or CAGR, from 2024 to 2028 is approximately 1.15%.
Future trends to watch for include:
- Market adaptations to sustainable fishing practices, which could stabilize or reverse the declining trend.
- Changes in consumer preferences towards alternative seafood options.
- Potential impacts of economic and regulatory changes on import and export dynamics within the EU.