The seafood market in Italy has experienced considerable fluctuations over the past decade. From 2012 to 2022, the market saw peaks and troughs in volumes, with an initial increase from 704.32 million kg in 2012 to 782.64 million kg in 2016, followed by a general decline reaching 647.78 million kg in 2022. Key high points include a 6.37% increase in 2016 and a 3.7% rise in 2015. However, significant drops such as -5.68% in 2020 and a consistent decline from 2018 onwards have impacted the overall CAGR, averaging at -2.9% over the last five years.
Future trends to watch for include:
- Shifts in consumer preferences towards more sustainable and locally-sourced seafood options.
- Impact of climate change on seafood availability and market supply.
- Evolving dietary trends, potentially reducing demand for seafood products.
- Technological advancements in aquaculture and fishing practices increasing efficiency.
How does Italy rank in Seafood Market Size Volume?
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,039,200,000 | 2023 | -1.62% | +1.65% | View data |
| 2 | 2 Denmark | 695,410,000 | 2023 | -0.31% | -0.19% | View data |
| 3 | 3 Italy | 659,090,000 | 2023 | +0.46% | -1.71% | |
| 4 | 4 France | 601,260,000 | 2023 | -1.93% | +0.22% | View data |
| 5 | 5 United Kingdom | 535,230,000 | 2023 | -1.1% | -0.87% | View data |
