The forecasted data for Italy's total poor cod production in capture fisheries indicates a declining trend from 2024 onwards. In 2023, the production value stood at 1,070.15 thousand Euros. By 2028, it is expected to decrease to 245.5 thousand Euros. Year-on-year, the production value is expected to decrease significantly, with a rate of -18.52% from 2024 to 2025, -22.57% from 2025 to 2026, -28.73% from 2026 to 2027, and -39.96% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period is projected to be approximately -26.32%.
Future trends to watch for:
- Regulations and policies affecting fishing practices and sustainability.
- Impact of climate change on marine biodiversity and fish populations.
- Advancements in fishing technology and techniques.
