Forecast: Whole Fresh Sardine Production in Capture Fisheries in Italy

In 2024, Italy's whole fresh sardine production in capture fisheries is forecasted to reach a value of 1.14 thousand euros per metric ton. This reflects a steady upward trend from 2023, where the price stood at 1.12 thousand euros per metric ton. The projected year-on-year growth is modest yet consistent, with increases of 0.88% annually, reaching a forecasted value of 1.19 thousand euros per metric ton by 2028. Over the next five years, the compound annual growth rate (CAGR) is expected to average about 0.88% per year, indicating a stable positive trajectory in sardine market values.

Future trends to watch for include:

  • Potential impacts of climate change on sardine populations and migration patterns.
  • Regulatory changes affecting fishing practices and quotas.
  • Shifts in consumer preferences towards sustainable and locally-sourced seafood products.
  • Technological advancements improving capture efficiency and quality control.

Top Countries about Wild Fisheries