Global demand pushes up Argentine squid prices, with China becoming the main driver

Published 2024년 11월 17일

Tridge summary

The Argentine squid fishing season ended in August 2024, with a total catch of 153,785.8 tons, a slight increase from 2023. The majority of the catch was in the first half of the year, with February being the peak. China, South Korea, and Singapore are the largest markets for Argentine squid exports, which increased by 2.9% from January to September 2024 compared to the same period in 2023. The price of Argentine squid cuts has significantly increased due to supply shortages of other squid species. Despite a decrease in transportation costs, the prices of raw materials and processed products are still increasing. Market demand for Argentine squid is expected to continue to grow due to these supply shortages and the rising price trends in the Chinese and European markets.

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

Original content

Catch and Export Data: Significant Growth Momentum The main Argentine squid fishing season has ended in August 2024. According to data from the Argentine Ministry of Agriculture, Livestock and Fisheries, the fishing volume this year is concentrated in the first half of the year, with February being the peak fishing period, reaching 50,224.8 tons. The total squid in 2024 The catch was 153,785.8 tons, an increase of 0.33% compared with 2023. At the same time, Argentine squid exports are also showing a growth trend. According to GTT data, exports from January to September 2024 reached 142,993 tons, an increase of 2.9% over the same period in 2023. China is the largest export market, accounting for total exports 31%; followed by South Korea (17%) and Singapore (13%). The proportion of exports to the European market (including the EU and the United Kingdom) is 13%, of which Spain is the main destination, accounting for 51% of the European market exports. Equivalent to 6.8% of global ...

Source: Foodmate