The production of frozen aquatic animals in capture fisheries in Italy is projected to decline significantly from 2024 through 2028. Forecasted values indicate a consistent drop, starting at 4.37 thousand euros per metric ton in 2024 and decreasing by 13% to 3.91 in 2025, followed by a continuation of the downtrend with further declines of 12%, 13%, and 15% each subsequent year. In 2023, values were notably higher, outlining a sharp decrease in the sector. The Compound Annual Growth Rate (CAGR) signifies an average yearly decline over this five-year forecast period.
Future trends to watch for include:
- Potential impacts of climate change on fish populations and subsequent capture rates.
- Trade policies and economic factors influencing the cost and demand for frozen aquatic products.
- Technological advancements in fisheries management that could affect the cost structure.