The forecast for fresh pink cuttlefish production in capture fisheries in Italy indicates a consistent decline from 2024 to 2028, starting at 126.13 thousand euros in 2024 and decreasing to 96.78 thousand euros by 2028.
The year-on-year decline in value from 2024 is estimated to be -5.9% in 2025, followed by -6.2% in 2026, -6.6% in 2027, and -7.0% in 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is projected to be approximately -6.5%.
In 2023, the cuttlefish production's economic contribution stood just above the 2024 forecast, indicating a downturn beginning this year.
Future trends to watch for include:
- Environmental and regulatory changes affecting capture fisheries.
- Shifts in consumer demand for pink cuttlefish and overall seafood consumption.
- Technological advancements that may impact fishing practices and efficiencies.
- Economic fluctuations influencing the fishing industry's profitability.
