In Italy, aquaculture production of marine and partly-marine species saw its highest value of the last 10 years in 2018 before experiencing a general decline. The value stood at 408.23 million US Dollars in 2023, showing a slight year-on-year increase when compared to 2022. Over the last five years, the compound annual growth rate (CAGR) has been negative at -3.77%, indicating a contraction in the market. The forecast suggests a continued decline with a forecasted 5-year CAGR of -1.27% from 2024 to 2028.
- Over the last two years, the production value experienced mixed performance: a slight increase in 2023 (+0.84%) followed by a more significant dip in previous years such as 2021 (-3.61%) and 2020 (-11.95%).
- During the forecasting period, the CAGR from 2024 to 2028 indicates a further decline of -1.27%, reflecting ongoing challenges in the sector.
Future trends to watch for include technological advancements in aquaculture practices, changes in regulatory policies, and shifts in consumer demand towards more sustainable and locally-sourced seafood. External factors such as climate change and economic fluctuations will also play a crucial role in shaping the market.
