In 2023, the production of frozen sharks, rays, and chimaeras in Italy's capture fisheries stood at an estimated volume that was consistent with historical values. From 2024 onwards, forecasts indicate a steady increase in production, rising from 8.5 metric tons in 2024 to 9.3 metric tons in 2028. The year-on-year growth shows a progressive upward trend, with an average annual growth rate of approximately 2.3% based on the compound annual growth rate (CAGR) over the five-year forecast period.
Future trends to watch for include:
- Advancements in sustainable fishing practices which could impact production volumes.
- Regulatory changes related to marine conservation which could affect catch limits and production.
- Market demand fluctuations driven by consumer preferences towards more environmentally sustainable seafood options.