The forecast for Italy's veined squid production in capture fisheries shows an upward trend from 2024 to 2028, with growth from €22.08 thousand per metric ton to €27.85 thousand per metric ton. The 2024 value indicates an increase from the 2023 level, showing a positive market outlook. Year-on-year, prices are expected to increase by approximately 6.8% from 2024 to 2025 and by around 6.2% from 2025 to 2026. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 6.0%, suggesting steady growth in production value.
Future trends to watch for:
- Changes in consumer demand and preferences, which could impact pricing and production volumes.
- Environmental and regulatory factors affecting fishing practices and sustainability.
- Technological advancements in fisheries that could enhance efficiency and output.
- Potential impacts of climate change on marine ecosystems influencing squid populations.
