In 2023, the value of whole fresh shrimp production in capture fisheries for human consumption in Italy stood at 8.34 thousand euros per metric ton. Based on the forecast data from 2024 to 2028, there is a clear declining trend in the value, decreasing by approximately 1.21% each year. Specifically, the year-on-year declines are as follows: -1.21% for 2025, -1.10% for 2026, -1.12% for 2027, and -1.25% for 2028. The compound annual growth rate (CAGR) over the five-year forecasted period is -1.17%.
Future trends to watch for:
- Changes in consumer demand and preferences might influence production and pricing.
- Environmental factors and sustainability initiatives can impact fishery practices.
- Economic conditions and trade policies will play a critical role in shaping market dynamics.
- Technological advancements in fishing and processing could offset some cost pressures.
