Based on forecasts, Italy's production of whole fresh common squids for human consumption in terms of value is expected to demonstrate a steady increase from 2024 to 2028. Starting from a value of 14.48 thousand Euros per metric ton in 2024, the value is projected to incrementally rise each year by approximately 0.1 thousand Euros, reaching 14.88 thousand Euros per metric ton by 2028. This trend highlights a consistent growth rate in the value of squid production over the forecast period. The average annual growth rate, or CAGR, over the five-year period is moderately positive.
Future trends to watch for include:
- Potential impacts of climate change and environmental policies on marine life sustainability.
- Shifts in consumer demand for seafood, influenced by health trends and dietary changes.
- Technological advancements in capture fisheries that may enhance efficiency and output quality.
- Geopolitical factors affecting trade and market access in the European Union and beyond.