In 2023, Italy's whole frozen shrimp and prawn production from capture fisheries for human consumption was valued at 22 million Euros. Forecasted values show a significant declining trend from 2024 to 2028, indicating a decreasing demand or capture capacity. The year-on-year decline is pronounced, with a -19.8% drop from 2024 to 2025, followed by further consecutive reductions of -24.5%, -32.1%, and -46.9% yearly. The compound annual growth rate (CAGR) over the five-year forecasted period stands at approximately -28%, illustrating a steady decrease.
Future trends to watch for include:
- Potential shifts in consumer preferences and demand for alternative seafood products.
- Impacts of regulatory changes in capture fisheries and sustainability measures.
- Technological advancements in aquaculture that may affect capture fisheries output.