In 2023, the value of fresh Sandy Ray production in Italy's capture fisheries for human consumption stood at €2.99 thousand per metric ton. From 2024 to 2028, forecasted values show a consistent upward trend, with projected year-on-year growth rates suggesting an increase of around 6.56% on average. By 2028, the value is anticipated to reach €4.02 thousand per metric ton, reflecting a significant cumulative average growth rate (CAGR) of approximately 7.5% over the five-year period.
Future trends to watch for include:
- Potential impacts of environmental regulations and sustainability measures on supply dynamics.
- Fluctuations in demand due to changes in consumer preferences for alternative sources of seafood.
- Economic factors affecting pricing, such as global trade policies and fuel costs affecting fishing operations.