In 2023, Italy imported frozen Nile Perch fillets valued at approximately 6 million US Dollars. The forecast from 2024 to 2028 shows steady growth, with each year displaying a year-on-year increase. Specifically, the expected value for 2024 is 6.1508 million, gradually rising to 6.6142 million by 2028, indicating a compounded annual growth rate trend that reflects robust demand.
Future trends to monitor include:
- Potential changes in global fish supply due to environmental policies and climate impact.
- Shifts in consumer preferences towards sustainable seafood options.
- Market competitiveness and price fluctuations from alternative fish products.