The forecast for the re-import of prepared or preserved shrimps and prawns to Italy shows a steady increase from 2024 to 2028. In 2023, the value stood at $45.20 Thousand USD. From 2024 to 2028, the values are projected to increase, witnessing a year-on-year growth of approximately 5-6%. Specifically, from 2024 to 2025, the growth is projected at 5.8%, and from 2025 to 2026, at 5.4%. The cumulative annual growth rate (CAGR) over these five years calculates to around 5.2%.
Future trends to watch for include:
- Potential fluctuations due to changes in global trade policies or tariffs, impacting re-importation costs.
- Changing consumer preferences and dietary habits towards sustainable seafood could influence demand.
- Technological advancements in preservation and processing that might lead to shifts in market dynamics.
- Environmental factors affecting shrimp and prawn production, possibly impacting supply volume and pricing.
