In 2023, the whole fresh Starry Smoothhound production in capture fisheries for human consumption in Italy stood at a value of 3.99 thousand euros per metric ton. Forecasted data from 2024 to 2028 indicates a consistent year-on-year increase in value, with an average annual growth rate (CAGR) of approximately 2.5% over the five-year period, reflecting steady demand and potentially improving market conditions or fisheries management.
Future trends to watch include:
- Potential regulatory changes affecting fishing quotas or sustainability efforts.
- Market demand influenced by consumer preferences for sustainable or locally sourced seafood.
- Impact of international trade dynamics on pricing and availability.
- Technological advances in fishing practices and post-capture processing.