The forecast for surmullet production in capture fisheries in Italy from 2024 to 2028 indicates a consistent year-on-year decrease in value. From 2024 to 2028, the values drop from 13.39 million Euros to 9.4106 million Euros. This sequential decline shows a negative compounded annual growth rate (CAGR), suggesting the industry's contraction. In 2023, before the forecast period, the value was higher, signaling a trend of diminishing production or economic value.
Future trends to watch for:
- Potential causes for the decline, such as overfishing, regulatory changes, and environmental concerns.
- Possible shifts in consumer demand or substitution with alternative fish species.
- Technological advancements in fishing practices and sustainability efforts.
- Market and policy responses to stimulate this sector should the downward trend continue.