In 2023, Italy's capture fisheries recorded 1.6 metric tons of whole fresh sandy ray production. Forecasts for 2024 to 2028 indicate a steady decline, reaching just 0.3 metric tons in 2028. Year-on-year percentage change reveals the following trend: 2024 forecasted at -18.75% from 2023, 2025 at -15.38%, 2026 at -27.27%, 2027 at -37.5%, and 2028 at -40%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 projects an average annual decrease of 26.78%.
Future trends to watch for:
- Efforts to replenish stocks through sustainable fishing practices.
- Potential regulatory changes affecting catch quotas and fishing methods.
- Market responses to declining supply and potential increases in sandy ray prices.