Market Changes In 2023

In 2023, China's squid import and export trade situation will change month by month. In 2022, China's offshore fishing squid production will be more than 300,000 tons, and its offshore fishing production will be close to 770,000 tons, accounting for one-third of the country's offshore fishing production.

El Niño is one of the uncertainties affecting squid production. Since May 2023, the monthly average seawater surface temperature in the central and eastern equatorial Pacific has increased significantly, with the average value in September exceeding about 1.5 degrees Celsius. The intensity of this year’s El Niño exceeds that of 2019, and is expected to continue until at least April 2024.

The certainty of squid production is the implementation of the state's conservation and management of high seas fisheries. While controlling the total number of squid fishing boats in the high seas, dual management and control policies are implemented for the production of fishing boats in each sea area and the fishing moratorium. The total fishing volume is effectively controlled within a certain limit. within the range.

According to statistics, China's squid import and export trade surplus has been shrinking month by month this year, with the average monthly trade surplus falling from US$188 million in April to US$150 million in September. In the long run, China's squid market demand has grown steadily, with exports to the two major domestic markets. The supply capacity and product quality continue to improve. The country's promotion of industrial digitalization and the upstream and downstream changes in the market will promote the digital upgrade of the entire squid industry chain.