International cephalopod market uncertain in 2021

Published 2021년 11월 18일

Tridge summary

The global market for cephalopods, including squid, octopus, and cuttlefish, is facing uncertainty due to health crises and resource shortages, leading to supply shortages and price increases. Despite these challenges, demand for cephalopods continues to rise, particularly due to the popularity of Japanese cuisine, Hawaiian poke, and Spanish tapas. The majority of production takes place in the Northwest Pacific, with Japan, China, and South Korea being the main producers. However, local production cannot meet the demand, and countries such as Japan, the United States, and Spain are the main consumer markets. China, Thailand, Vietnam, Peru, and India are the main suppliers of cephalopods, with China being the largest supplier of octopus.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Health crisis, scarcity of resources, traffic jam in China… the international cephalopod market is totally uncertain in 2021. Shortages are already visible in the frozen section and prices are rising inexorably. Squid, octopus, squid, cuttlefish… Cephalopods have always been eaten, mainly in Asian and Mediterranean countries. Spain, Italy and Japan thus remain the largest consumers and importers of these species. For several years, demand has continued to rise. The growing popularity of Japanese cuisine, Hawaiian poke (fish salad) and Spanish tapas around the world has helped drive demand for cephalopods, especially squid and octopus. All countries, especially Northern Europe and the United States, seem increasingly attracted to this market. The peak was reached in 2014 with 4.9 million tonnes of cephalopod catches. In 2017 and 2018, production was around 3.6 million tonnes, which remains a relatively high level. The majority of production takes place in the Northwest Pacific. ...

Source: Pdm-seafoodmag