The forecast for European Seabass production in Italy's capture fisheries shows a consecutive annual decline from 2024 to 2028, decreasing from 17.56 to 15.84 thousand euros per metric ton. In 2023, the value stood at 18.0 thousand euros per metric ton, reflecting a notable downward trend. Year-on-year, the values decline by 2.5% to 3% indicating a significant reduction in revenue. Looking over a five-year horizon, the compound annual growth rate (CAGR) suggests a consistent decrease in market value.
Future trends to watch for include potential impacts from regulatory changes, shifts in consumer preferences towards sustainable sourcing, and advancements in aquaculture technology that may offset declines from capture fisheries.
