The import of frozen lobsters to Italy is projected to increase consistently from 2024 through 2028, starting at $13.886 million in 2024 and reaching $15.665 million by 2028. This marks a steady rise in demand with an average annual growth rate (CAGR) of approximately 2.51%. The forecast indicates a year-on-year increase of around 3% from 2024 to 2025, 3.11% from 2025 to 2026, 2.99% from 2026 to 2027, and 2.88% from 2027 to 2028. For reference, the figures for 2023 stood at a baseline of comparison, though no specific value was provided.
Future trends to watch for include:
- Impact of sustainability practices and eco-certifications on consumer preferences.
- Effects of potential changes in trade agreements and tariffs within the European Union.
- Price fluctuations influenced by climate change affecting lobster habitats.
- Potential shifts in demand due to alternative seafood trends and innovations.