In 2023, the value of whole fresh cockles production in Italy's capture fisheries stood at a certain level, which showed a forecasted decrease year-on-year from 2024 to 2028. Specifically, the value is expected to fall progressively due to various market conditions, marking a continuous decline each year.
Projected year-on-year percentage decreases are anticipated: approximately 3.78% from 2024 to 2025, 3.93% from 2025 to 2026, 3.77% from 2026 to 2027, and 3.92% from 2027 to 2028, reflecting a gradual downward trend. Over a five-year span, the compound annual growth rate suggests an average negative growth per year, indicating a steady decline in valuation.
Future market trends to watch include potential impacts of regulatory changes on fisheries, shifts in consumer preferences towards sustainable seafood, and economic factors influencing seafood prices. These elements could play vital roles in affecting future production values.
