From 2013 to 2023, the growth in total scallops production in capture fisheries for human consumption in Italy, as measured in thousand euros per metric ton, exhibited both peaks and troughs. The market saw a significant increase in the year 2020 with a 48.69% rise year-on-year, reaching its highest during this period. However, this growth was offset by a marked decline in 2021 and 2022, with year-on-year decreases of 25.36% and 27.08% respectively, reflecting the market's volatility. The year 2023 marked a near 30% recovery. The five-year CAGR from 2018 to 2023 stands at 0.98%, indicating a modest average annual growth rate.
Looking ahead, from 2024 to 2028, the forecast suggests a stabilization with a forecasted CAGR of 1.13%, translating to an overall growth rate of 5.76%. This indicates a modest, steady increase in scallop production value.
Future trends to watch for include:
- Technological advancements in fishing techniques and sustainability practices.
- Regulatory changes impacting seafood capture and consumption.
- Shifts in consumer demand for scallops and other seafood due to health trends or economic changes.
- Environmental factors, such as climate change, affecting scallop habitats and capture rates.
