In 2023, the total value of sandeels and sandlances production in capture fisheries for human consumption in Italy was recorded at a certain level. Looking forward, the forecast from 2024 to 2028 indicates a slight but consistent decline in the value, registering annual drops from 5.12 to 5.07 thousand euros per metric ton.
Year-on-year, there is an observable marginal decrease, indicating a slow downward trend. The compound annual growth rate (CAGR) over the five-year forecast period demonstrates a subtle average annual reduction in value.
Future trends to watch for:
- The impact of regulatory changes in the fisheries sector.
- Shifts in consumer preferences and demand for sandeel and sandlance products.
- Environmental factors affecting marine biodiversity and fish populations.
- Technological advancements optimizing fishing methods and cost efficiencies.
