In 2023, Italy's fresh Norway lobster production in capture fisheries was at X metric tons. From 2024 onwards, the forecast shows a notable decline in production, starting at 425.7 metric tons and decreasing annually to 96.2 metric tons by 2028. The yearly variations show approximately -20% to -40% year-on-year decrease. The five-year compound annual growth rate (CAGR) indicates a significant downturn, with an average annual reduction in production volume.
Future trends to watch for:
- Environmental changes impacting lobster habitats.
- Regulatory modifications affecting capture fisheries.
- Technological advancements in sustainable fishing approaches.
- Market demand fluctuations and price elasticity.
