In 2023, Italy's production of Fresh Mediterranean Starry Ray for human consumption stood at 542.46 thousand Euros. The forecast for 2024 predicts a value of 413.75 thousand Euros, marking a decline of approximately 23.71% from the previous year. The subsequent years forecast the following percentage declines: 2025 with a 10.14% decrease, 2026 with 11.17%, 2027 with 12.44%, and 2028 with 14.09%. The Compound Annual Growth Rate (CAGR) over these five years is projected at -12.99%, indicating a steady downward trend.
Future trends to monitor include:
- Shifts in consumer demand toward more sustainable and less exploited species.
- Regulatory changes impacting fishing quotas for the Mediterranean Starry Ray.
- Technological advancements in fishing methods that could alter production efficiency.
- Environmental factors affecting the availability of the Starry Ray species.
- Economic factors such as inflation and changes in disposable income.