Analysis of Italy's capture fisheries for sharks, rays, and chimaeras indicates a steady increase from 2024 through 2028. Forecasted figures highlight a consistent growth pattern with values climbing from 1.29 thousand metric tons in 2024 to 1.37 thousand metric tons in 2028. This suggests a year-on-year volume increase of approximately 1.55%. As of the last actual data from 2023, the industry's volume stood at 1.27 thousand metric tons. Over the projected period, the compound annual growth rate (CAGR) is anticipated to be approximately 1.55%, reflecting a moderate upward trend.
Future trends to watch for include:
- Potential regulatory changes impacting capture fisheries and sustainability practices.
- Technological advancements in fishing methods aimed at improving efficiency and reducing bycatch.
- Market demand fluctuations driven by consumer preferences for sustainable seafood.
- Environmental factors and climate change effects on marine ecosystems influencing fish populations.