In 2023, the production value of whole fresh Starry Smoothhound in capture fisheries in Italy was the baseline for this forecast. The forecast from 2024 to 2028 shows a positive year-on-year growth trajectory. From 2024 to 2028, annual growth rates are approximately 3.15%, indicating a steady increase in production value over the period. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be about 3.15% per year, reflecting consistent growth in market value.
Future trends to watch for include:
- Potential changes in fishing regulations that could affect supply.
- Global demand fluctuations for Starry Smoothhound affecting export opportunities.
- Environmental factors impacting fish population dynamics in Italian waters.
- Consumer preferences towards sustainable and locally sourced seafood options.