In 2023, China's squid import and export trade situation will change month by month. Import volume increased significantly in the first half of the year, while export volume began to decline from the second quarter, the average monthly trade surplus shrank, and consumption pressure in the domestic market was rising.
On November 14, at the concurrent meeting of the China Aquatic Products Conference - a special seminar on bulk aquatic products trade and market, Zhang Fu, founder and CEO of Huacai Searching Fish, gave a keynote report on "The Current Situation and Future Prospects of China's Squid Market in 2023".
Zhang Fu pointed out that in 2022, China's offshore squid fishing output will be more than 300,000 tons, and its offshore fishing output will be close to 770,000 tons, accounting for one-third of the country's offshore fishing output, of which Zhejiang Province's fishing output accounts for 60% of the total. Squid production is expected to reach a record high in 2023.
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 from Huacai Searching Fish, China's squid import and export trade surplus has shrunk month by month this year, with the average monthly trade surplus falling from US$188 million in April to US$150 million in September. The trade surplus in October and November is expected to continue to shrink, and the domestic market Consumption pressure increases.
Zhang Fu predicts that squid export volume in 2023 will be in the range of 480,000-500,000 tons, down from 567,000 tons last year. Among the exporting provinces, Zhejiang, Shandong and Fujian accounted for 90% of the export volume.
In terms of imports, as the epidemic control was relaxed, the import speed surged in the first five months, especially the import of Peruvian squid. The Chinese squid industry is still adapting to the changes in the market structure of export to domestic sales.
The domestic market showed a trend of "first rising and then falling". Per capita consumption power declined after major holidays. Squid products experienced a periodic inventory backlog. Individual single-size squid transactions shrank by 60-70%. In addition, the Japanese nuclear wastewater discharge incident has triggered hidden concerns about the quality and safety of aquatic products.
Zhang Fu believes that in the long run, China's squid market demand will grow steadily, and the supply capacity and product quality of the two major export and domestic markets will 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.