World: Cephalopods destocking and rising prices

Published 2023년 6월 8일

Tridge summary

A report by Renub Research predicted that global octopus production would grow to 625,000 tonnes by 2025, but in 2021, only 375,000 tons were caught. China is the largest producer, followed by Morocco, Mexico, and Mauritania. The top exporters were Morocco, China, and Mauritania, and the top importers were the Republic of Korea, Spain, and Japan. However, Japanese imports have decreased due to high prices. Concerns have been raised about the management of giant squid stocks in the Pacific by major producers. In 2022, Argentine squid exports increased, while Spanish and US imports decreased. China's shipments to the US have also decreased, and Argentina and India have gained market share.

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

Original content

Octopus A report published by Renub Research in 2020 predicted that the global market for octopus would grow to nearly 625,000 tonnes by 2025. However, global octopus production is far from that. In 2021, almost 375,000 tons of octopuses (all species) were caught. Total octopus exports (all products) in 2020 were only 283,577 tons, down 11.8% from 2019. The most important countries in the octopus sector have remained fairly stable over the years. China is by far the largest producer, with 106,300 tons in 2021, or 28 percent of the total unloaded. Other important producers include Morocco, Mexico and Mauritania with a catch of 63,541 tons, 37,386 tons and 27,277 tons, respectively. The top exporters of octopus in 2020 were Morocco (50,943 tons worth $438 million), China (48,456 tons worth $404 million) and Mauritania (36,419 tons worth $253 million). The top importers of octopus in 2020 by volume were the Republic of Korea (72,294 tons), Spain (49,970 tons) and Japan (44,873 tons). ...

Source: Fishretail