The employees in the seafood sector in Italy stood at 37.65 million hours in 2023. Over the last decade, the sector experienced various fluctuations, with notable peaks and declines. For instance, there was a significant drop of 17.68% in 2020, likely due to the global impact of the COVID-19 pandemic. However, the sector began to recover with increases of 9.25% in 2021 and 7.9% in 2022.
The year-on-year variation over the last two years shows positive growth, with 2022 and 2023 posting increases of 7.9% and 3.69%, respectively. The CAGR over the past five years from 2018 to 2023 was approximately -0.0058%, indicating a relatively stable trend despite the earlier decline.
Looking ahead, the forecasts for the years 2024 to 2028 anticipate a steady trend with a modest increase, with a 5-year CAGR expected to be around 0.01%. The sector is projected to reach 37.68 million hours by 2028.
Future trends to watch for in the seafood sector include increased automation and technology adoption, shifts in consumer preferences towards sustainable seafood, and the impact of regulatory changes on labor requirements. Sustainable practices and innovations could drive future growth and employment stability in this sector.
