The forecasted data for the value of frozen sharks, rays, and chimaeras production in Italy's capture fisheries indicates a gradual increase from 2024 to 2028. The value moves from 5.03 thousand euros per metric ton in 2024 to 5.68 thousand euros per metric ton in 2028, demonstrating a clear upward trend.
Year-on-year, the growth in value from 2024 to 2025 is approximately 3.18%, from 2025 to 2026 is 3.28%, from 2026 to 2027 is 2.99%, and from 2027 to 2028 is 2.90%. Compared to 2023, the forecast suggests a steady increase, with a five-year compound annual growth rate (CAGR) of approximately 3.16%, reflecting healthy growth in this segment of the industry.
Future trends to watch for include potential impacts of environmental policies on fishing practices, changes in consumer demand for these seafood products, and advancements in technology that could alter production efficiencies and cost structures in the fishery sector. Additionally, geopolitical factors and trade dynamics may also influence the industry's trajectory.
