The forecast for European Hake production in capture fisheries in Italy from 2024 to 2028 indicates a decreasing trend in value, starting from 6.89 thousand euros per metric ton in 2024 to 6.34 by 2028. 2023 recorded a value of 6.94 thousand euros per metric ton. The year-on-year decline begins with a drop of 2.03% from 2023 to 2024 and continues at a similar pace, resulting in a compound annual growth rate (CAGR) of approximately -2.07% over the forecasted period. This trend suggests a gradual decrease in the monetary value per ton of hake production.
Looking ahead, it is essential to monitor environmental policies and catch limits that might impact production costs or resource availability. Changes in consumer preferences towards sustainable seafood and developments in aquaculture technology could also influence market dynamics for hake in Europe.
