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After the pandemic: the global seafood trade market forecasts in 2030

Author

Listed:
  • Chunzhu Wei

    (Sun Yat-sen University
    Southern Marine Science and Engineering Guangdong Laboratory (Zhuhai))

  • Mo Zhang

    (Chinese Academy of Sciences
    University of Chinese Academy of Sciences)

  • Wei Chen

    (Sun Yat-sen University
    Southern Marine Science and Engineering Guangdong Laboratory (Zhuhai))

  • Yong Ge

    (Southern Marine Science and Engineering Guangdong Laboratory (Zhuhai)
    Chinese Academy of Sciences
    University of Chinese Academy of Sciences)

  • Daoping Wang

    (University of Cambridge
    King’s College London)

  • Die Zhang

    (Chinese Academy of Sciences
    University of Chinese Academy of Sciences)

  • Desheng Xue

    (Sun Yat-sen University
    Southern Marine Science and Engineering Guangdong Laboratory (Zhuhai))

  • Qiuming Cheng

    (Sun Yat-Sen University)

  • Changxiu Cheng

    (Beijing Normal University
    Beijing Normal University)

  • Wenguang Zhang

    (Beijing Normal University)

Abstract

The COVID-19 lockdowns have transitioned to a new normal and triggered commodity supply disruption and trade uncertainty, yet little is known about the seafood trade resilience of developing and developed countries amid pandemic-related shocks. Here, employing a newly developed geographical transition-net model, we simulate a set of idealized lockdown scenarios in a real-world seafood network. The results show that (1) even if restrictions from regions with high strictness policies were eventually lifted globally at the end of 2022, the pandemic-induced disruption will continue to affect global seafood trade until 2030, and the annual growth rate of the global seafood market would be around 1% lower than that during 2006–2019; (2) Due to the continued high level of stringency in China in 2022 and the soaring demand of seafood in the developed countries in the post-COVID-19 era, developed countries are increasingly reliant on their intra-regional trade until 2030; (3) The global seafood supply chains will magnify export losses beyond the direct effects of COVID-19, and there would be 17 to 57 million people in the developing countries in 2030 facing seafood supply shortage. The new long-term challenge is to call for the multilateral cooperation of major exporters for global seafood trade recovery. Our study provides a new perspective to evaluate the economic impact of COVID-19 as well as the cascading effect caused by the supply-chain linkages in the global seafood system.

Suggested Citation

  • Chunzhu Wei & Mo Zhang & Wei Chen & Yong Ge & Daoping Wang & Die Zhang & Desheng Xue & Qiuming Cheng & Changxiu Cheng & Wenguang Zhang, 2023. "After the pandemic: the global seafood trade market forecasts in 2030," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-13, December.
  • Handle: RePEc:pal:palcom:v:10:y:2023:i:1:d:10.1057_s41599-023-02070-6
    DOI: 10.1057/s41599-023-02070-6
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