The production of fresh scallops and pectens in capture fisheries in Italy has displayed significant volatility over the past decade. From 2013 to 2022, the values fluctuated greatly, with notable highs in 2016 and 2018 and a peak in 2022. In 2023, the production value stood at 2.2183 million Euros, marking a substantial decline from the previous year's peak. Over the last two years, there was a sharp increase in 2022 followed by a significant decrease in 2023, showcasing the industry's instability.
Key year-on-year variations are as follows:
- 2022: +52.71%
- 2023: -37.33%
For the average annual growth rate over the past five years (CAGR), the figure is -3.3%. Looking ahead to the period from 2024 to 2028, the forecasted CAGR is modest at 0.89%, indicating a relatively stable and slight growth trend with the value expected to grow by 4.51% over this period.
Future trends to watch for include potential market stabilization and modest growth, driven by possibly improved capture techniques or better market conditions. However, the volatility observed in the past suggests that stakeholders should remain cautious and adaptable to sudden market shifts.
