Forecast: Whole Fresh Red Porgy Production in Capture Fisheries in Italy

In 2023, the whole fresh red porgy production in capture fisheries in Italy was valued at 1.994 million Euros. The forecast for 2024 indicates a decline to 1.9254 million Euros. A steady decrease is projected through 2028, with values reducing to 1.6526 million Euros, reflecting a clear downward trend in production value. The year-on-year decrease from 2024 to 2028 averages around 3.1%. Over the five-year forecast, the compound annual growth rate (CAGR) demonstrates a negative growth trend of approximately -3.2% annually.

Future trends to watch include:

  • Potential changes in environmental policies and regulations impacting red porgy fishing practices.
  • Shifts in consumer demand influencing market prices and production strategies.
  • Technological advancements in capture fisheries that could improve efficiency and sustainability.

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