In 2023, the production value for Fresh Starry Smoothhound in Italy stood slightly higher than in the forecast for 2024. The forecast data from 2024 to 2028 shows a steady decline in value, with each succeeding year recording a lower figure than the previous one. Specifically, the year-on-year decrease in value from 2024 to 2025 is approximately 11.1%, followed by a 9.7% decline from 2025 to 2026, an 8.5% decrease from 2026 to 2027, and a 7.5% reduction from 2027 to 2028. This downward trend reflects a compound annual growth rate (CAGR) of approximately -9% over the five-year period ending in 2028.
Future trends to watch for:
- Potential changes in consumer preference impacting demand.
- Environmental or regulatory changes affecting capture fisheries.
- Technological advancements in fishing techniques that may improve efficiencies.
- Fluctuations in global economic conditions influencing market prices.
