In 2023, Italy's production of giant red shrimp for human consumption stood at 2.5 thousand metric tons. The forecast for the upcoming years indicates a decline, with values decreasing from 1.8 thousand metric tons in 2024 to 1.53 thousand metric tons by 2028. This represents an annual decrease of approximately 4.85% from 2024 to 2028. Key trends include:
- Year-on-year declines are consistent across the forecasted period.
- The cumulative average growth rate (CAGR) over the five-year forecast is negative, reflecting a sustained decrease in production.
Future trends to watch for:
- Impact of environmental policies and conservation efforts on capture practices.
- Potential shifts in demand driven by consumer preferences and economic factors.
- Technological advancements in sustainable fishing methods that could mitigate production declines.
