Spain leads the import of octopus

Published 2024년 10월 8일

Tridge summary

Spain is the world's largest importer of octopus, with 26% of global imports, and re-exports over 500 million euros worth to countries like Italy, the United States, and Portugal. The octopus fishing industry, which includes 40% artisanal fleets, is facing challenges due to climate change and irregularities in abundance and spawning. The industry also seeks more involvement from the hotel industry to ensure sustainable sourcing. Octopus prices have surged due to a shortage, but the priority for fishing associations is to preserve the fishing grounds. Other cephalopods like squid and cuttlefish are more significant in terms of volume for the Spanish fleet.

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

Original content

Spain purchases 26% of the world's imports of the cephalopod. International Octopus Day, held on October 8, highlights its socio-economic value for fleets, many of which are artisanal. International Octopus Day, held on October 8, highlights the socio-economic importance of this fishery, in which 40% of the fleet is artisanal; the commemoration also extends to other cephalopods (squid or cuttlefish). According to UN data processed in a study by the Sustainable Fisheries Partnership (SFP) organization, Spain is the leading importer of octopus, although it is also a hub for its trade and a large part of these purchases are then re-exported as a transformed product. The main global exporters of octopus are: Morocco (21% of the total), China (17%), Mauritania (16%) and Vietnam (7%), according to the SFP report on the fishing sectors "Target 75" published in 2024. But in practice, China's sales are higher, since it has many boats that fish in Moroccan or Mauritanian waters under the ...

Source: PEefeagro