The production value of whole frozen giant red shrimp in Italy's capture fisheries is forecasted to decline steadily from 2024 to 2028. In 2023, the actual value stood at 22 million euros. From 2024 onwards, a downward trend is observed with significant year-on-year declines: -13.2% in 2025, -15.1% in 2026, -17.5% in 2027, and -20.9% in 2028. The Compound Annual Growth Rate (CAGR) over these five years is -16.3%, indicating a consistent reduction in value.
Future trends to watch for:
- Potential impact of environmental regulations or quotas on fishing and production.
- Market demand fluctuations due to consumer preferences and economic conditions.
- Technological advancements in sustainable fishing practices.
