Seafood trade increased post-Covid-19 by USD 13bn in 2021, driven by growing demand for high-value seafood in the US, EU, and China.
Currently, seafood is the most traded animal protein, with an estimated trade value of USD 164bn in 2021 and a 2.44% CAGR (2011-2021). Developing countries account for seven of the top 10 exporters, playing a significant role in supplying the growing demand for seafood. However, recent data suggests that a potential economic recession can negatively affect the seafood trade in half of 2022 or 2023.