The thornback ray production in capture fisheries in Italy was valued at an estimated 1.46 million Euros in 2023. From 2024 to 2028, a steady decline in production value is forecasted, with estimates showing a reduction from 1.44 million Euros in 2024 to 1.32 million Euros in 2028.
Year-on-year percentage changes indicate a consistent downward trend, reflecting diminishing capture output or market prices: 2025 sees a -1.99% change, 2026 a -2.01% change, 2027 a -2.05% change, and 2028 a -2.05% change, with a Compound Annual Growth Rate (CAGR) of -2.01% from 2024 to 2028.
Future Trends to Watch For:
- Environmental regulations impacting capture quotas.
- Changes in consumer preferences towards more sustainable seafood options.
- Potential impacts of climate change on marine ecosystems.
