Italy's Canned Fish Sector Sees Revenue Growth Despite Volume Decline in 2023/24

From Jan-24 to May-24, Italy's canned fish sector increased by 4.2% year-on-year (YoY) in sales value but a significant 5.2% decrease in volume. Despite the drop in volume, the sector generated a total revenue of USD 1.95 billion, with USD 138.44 million units sold. The average price per unit rose by 9.9% YoY, driven by increased production and distribution costs. This trend indicates a growing consumer preference for higher-quality canned fish products, alongside a potential overall decrease in demand.