In 2023, whole fresh thornback ray production in capture fisheries in Italy was valued at approximately 1.467 million Euros. Forecasts from 2024 to 2028 indicate a gradual decline in value, with an overall compound annual growth rate (CAGR) of around -1.9%. Specifically, the yearly reductions are projected to be 1.99% in 2024, 1.94% in 2025, 1.98% in 2026, 2.05% in 2027, and 2.05% in 2028. This declining trend suggests challenges in sustaining income from thornback ray fisheries.
Future trends to watch for include:
- Potential impact of regulatory changes in marine conservation.
- Shifts in consumer demand towards alternative seafood options.
- Technological advancements in sustainable fishing practices.
