On-the-Ground Updates

High Demand for Giant Squid in Spain Is Leading to a Decrease in Stocks and Driving up Prices

Frozen Squid

Seafood

Spain

Market & Price Trends

Guilherme Rua

Published Feb 13, 2023

Giant squid, also known as Dosidicus gigas, is a species of deep-sea squid that is commonly found in the waters off the coasts of Peru and Chile. In recent weeks, there has been a significant increase in the demand for giant squid in Spain, one of the largest importers of this species from South America. This increase in demand has led to a decrease in stocks at the origin, as well as in Spain. The decrease in available stocks has resulted in a corresponding increase in prices, as the limited supply is driving up the cost for this raw material.

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