In 2023, the share of fisheries R&D expenditures on fisheries support in Italy stood at a certain benchmark, establishing a reference for subsequent projections. The forecast for 2024 marks a 9.39% expenditure share, showing a gradual decline annually through 2028. Specifically, these values are projected to decrease by approximately 1.7% year-on-year, leading to a compound annual growth rate (CAGR) that reflects a progressive reduction over the five-year period.
Key future trends to monitor include:
- The impact of technological advancements and sustainable practices on R&D priorities.
- Potential regulatory changes influencing budget allocation.
- Economic factors that might alter the entire range of R&D expenditures in fisheries.