After the pandemic: the global seafood trade market forecasts in 2030
Published version
Peer-reviewed
Repository URI
Repository DOI
Type
Change log
Authors
Abstract
jats:titleAbstract</jats:title>jats:pThe 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.</jats:p>
Description
Acknowledgements: This research was financially supported by the Innovation Group Project of Southern Marine Science and Engineering Guangdong Laboratory (Zhuhai) (No. 311022018), the Innovation Project of LREIS (No. KPI004), and the National Nature Science Foundation of China (No. 42001178 and No. 41930646).
Keywords
Journal Title
Conference Name
Journal ISSN
2662-9992