In 2023, the production of frozen Shi Drum in capture fisheries in Italy was approximately 14.5 thousand euros. The forecast for 2024 is 15.77 thousand euros, indicating a projected growth of approximately 8.76% compared to 2023. Subsequent years observe consistent growth, with projections of 17.1 thousand euros in 2025, 18.41 in 2026, 19.72 in 2027, and 21.01 in 2028. The CAGR over the five-year forecast period is approximately 7.38%.
Looking ahead, several trends could impact this forecast:
- Environmental policies focusing on sustainable fishing could affect supply and production costs.
- Changes in consumer preferences towards sustainable and locally sourced seafood may drive demand.
- The impact of global economic conditions on export opportunities and market access.