In 2023, the production value of fresh shrimps and prawns in capture fisheries for human consumption in Italy was significantly higher than the projected values for the following years. The forecast data indicates a steady decline from 2024 through 2028. In 2024, the value stands at 96.756 million Euros, decreasing each year to reach 60.633 million Euros by 2028.
Yearly percentage decreases are notable, with a marked overall decline following a compounded annual growth rate (CAGR) over this five-year period showing a steady downward trend.
Future trends to watch for:
- Potential shifts in consumer preferences affecting demand.
- Impacts from regulatory changes on the fisheries sector.
- Technological advancements in capture methods potentially influencing production values.
- Environmental factors and their effect on marine resources availability.
- Global competitive market forces and their influence on local production viability.