Forecast: Import of Fresh or Chilled Shrimps and Prawns to Italy

Based on the forecasted data for the import of fresh or chilled shrimps and prawns to Italy from 2024 to 2028, a consistent downward trend is observed. The volume decreases from 1.6431 million kilograms in 2024 to 1.5494 million kilograms in 2028. This represents a year-on-year decline which averages around 1.46% over the period. Historically, imports stood at higher levels prior to 2024, indicating a cooling demand or transitioning market dynamics. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is negative, reflecting a steady decrease in import volumes.

Looking to future trends, it is important to monitor several factors:

  • Changes in consumer preferences towards sustainable seafood options may impact demand.
  • Economic conditions in Italy, including inflation and purchasing power, might influence imports.
  • Brexit and international trade agreements could disrupt supply chains and affect prices.
  • The impact of climate change on shrimp farming and global seafood production needs consideration.

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