Forecast: Whole Fresh Flounders, Halibuts and Soles Production in Capture Fisheries for Human Consumption in Italy

In 2023, the production value for whole fresh flounders, halibuts, and soles in Italy stood at an estimated level slightly lower compared to the forecasted 2024 values, indicating an upward trend coming into 2024. Over the 2024-2028 period, the production value is expected to increase steadily, from 11.96 to 13.12 thousand Euros per metric ton. This represents a year-on-year growth rate ranging approximately from 2.5% to 2.7% annually. The compound annual growth rate (CAGR) over the five-year period is anticipated to be about 2.33%.

Future trends to watch for include:

  • Potential market changes affecting supply-demand dynamics.
  • Regulatory impacts on capture fisheries influencing production costs.
  • Technological advancements potentially boosting capture efficiency and product value.

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