In 2023, the value of Frozen European Hake Production in Capture Fisheries in Italy was standing at a benchmark point. From 2024 to 2028, this value is forecasted to increase from 6.84 to 8.45 thousand euros per metric ton.
The year-on-year percentage increase is projected as follows:
- 2024: 6.84 thousand euros (baseline)
- 2025: 6.00%
- 2026: 5.52%
- 2027: 5.23%
- 2028: 4.97%
The compound annual growth rate (CAGR) over this five-year period is approximately 5.36%.
Future trends to watch for include potential shifts in consumer demand and changes in environmental regulations affecting capture fisheries. Innovations in sustainable practices and monitoring of fishing quotas will be instrumental in sustaining growth.
