IDEAS home Printed from https://ideas.repec.org/a/pal/palcom/v10y2023i1d10.1057_s41599-023-02070-6.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1057/s41599-023-02070-6
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1057/s41599-023-02070-6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Thomas Hale & Noam Angrist & Rafael Goldszmidt & Beatriz Kira & Anna Petherick & Toby Phillips & Samuel Webster & Emily Cameron-Blake & Laura Hallas & Saptarshi Majumdar & Helen Tatlow, 2021. "A global panel database of pandemic policies (Oxford COVID-19 Government Response Tracker)," Nature Human Behaviour, Nature, vol. 5(4), pages 529-538, April.
    2. Delgado, C.L. & Wada, N. & Rosegrant, M.W. & Meijer, S. & Ahmed, M., 2003. "Fish to 2020: supply and demand in changing global markets," Monographs, The WorldFish Center, number 15796, April.
    3. Christopher Costello & Ling Cao & Stefan Gelcich & Miguel Á. Cisneros-Mata & Christopher M. Free & Halley E. Froehlich & Christopher D. Golden & Gakushi Ishimura & Jason Maier & Ilan Macadam-Somer & T, 2020. "The future of food from the sea," Nature, Nature, vol. 588(7836), pages 95-100, December.
    4. Otto, Christian & Willner, Sven Norman & Wenz, Leonie & Frieler, Katja & Levermann, Anders, 2017. "Modeling loss-propagation in the global supply network: The dynamic agent-based model acclimate," OSF Preprints 7yyhd, Center for Open Science.
    5. Otto, C. & Willner, S.N. & Wenz, L. & Frieler, K. & Levermann, A., 2017. "Modeling loss-propagation in the global supply network: The dynamic agent-based model acclimate," Journal of Economic Dynamics and Control, Elsevier, vol. 83(C), pages 232-269.
    6. Lotte Lauritzen, 2021. "A spotlight on seafood for global human nutrition," Nature, Nature, vol. 598(7880), pages 260-262, October.
    7. Sachs,Jeffrey & Kroll,Christian & Lafortune,Guillame & Fuller,Grayson & Woelm,Finn, 2021. "Sustainable Development Report 2021," Cambridge Books, Cambridge University Press, number 9781009098915, September.
    8. Hiroyasu Inoue & Yasuyuki Todo, 2019. "Firm-level propagation of shocks through supply-chain networks," Nature Sustainability, Nature, vol. 2(9), pages 841-847, September.
    9. Egger, Dennis & Miguel, Edward & Warren, Shana S. & Shenoy, Ashish & Collins, Elliott & Karlan, Dean & Parkerson, Doug & Mobarak, A. Mushfiq & Fink, Günther & Udry, Christopher & Walker, Michael & Hau, 2021. "Falling living standards during the COVID-19 crisis: Quantitative evidence from nine developing countries," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 7(6), pages 1-1.
    10. John R. Macdonald & Christopher W. Zobel & Steven A. Melnyk & Stanley E. Griffis, 2018. "Supply chain risk and resilience: theory building through structured experiments and simulation," International Journal of Production Research, Taylor & Francis Journals, vol. 56(12), pages 4337-4355, June.
    11. Rosamond L. Naylor & Ronald W. Hardy & Alejandro H. Buschmann & Simon R. Bush & Ling Cao & Dane H. Klinger & David C. Little & Jane Lubchenco & Sandra E. Shumway & Max Troell, 2021. "A 20-year retrospective review of global aquaculture," Nature, Nature, vol. 591(7851), pages 551-563, March.
    12. Briguglio, Lino, 1995. "Small island developing states and their economic vulnerabilities," World Development, Elsevier, vol. 23(9), pages 1615-1632, September.
    13. Gordon Wilmsmeier & Jan Hoffmann, 2008. "Liner Shipping Connectivity and Port Infrastructure as Determinants of Freight Rates in the Caribbean," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 10(1-2), pages 130-151, March.
    14. Fujita , Masahisa & Krugman, Paul, 2004. "The new economic geography: Past, present and the future," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 4, pages 177-206.
    15. Ben Belton & David C. Little & Wenbo Zhang & Peter Edwards & Michael Skladany & Shakuntala H. Thilsted, 2020. "Farming fish in the sea will not nourish the world," Nature Communications, Nature, vol. 11(1), pages 1-8, December.
    16. Sachs,Jeffrey & Kroll,Christian & Lafortune,Guillame & Fuller,Grayson & Woelm,Finn, 2021. "Sustainable Development Report 2021," Cambridge Books, Cambridge University Press, number 9781009102896, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Matteo Coronese & Davide Luzzati, 2022. "Economic impacts of natural hazards and complexity science: a critical review," LEM Papers Series 2022/13, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    2. Hiroyasu Inoue & Yasuyuki Todo, 2020. "The propagation of economic impacts through supply chains: The case of a mega-city lockdown to prevent the spread of COVID-19," PLOS ONE, Public Library of Science, vol. 15(9), pages 1-10, September.
    3. Hiroyasu Inoue & Yohsuke Murase & Yasuyuki Todo, 2021. "Do economic effects of the anti-COVID-19 lockdowns in different regions interact through supply chains?," PLOS ONE, Public Library of Science, vol. 16(7), pages 1-19, July.
    4. Daoping Wang & Ottar N. Bjørnstad & Tianyang Lei & Yida Sun & Jingwen Huo & Qi Hao & Zhao Zeng & Shupeng Zhu & Stéphane Hallegatte & Ruiyun Li & Dabo Guan & Nils C. Stenseth, 2023. "Supply chains create global benefits from improved vaccine accessibility," Nature Communications, Nature, vol. 14(1), pages 1-15, December.
    5. Wang, Qianzi & Zhou, Qi & Lin, Jin & Guo, Sen & She, Yunlei & Qu, Shen, 2024. "Risk assessment of power outages to inter-regional supply chain networks in China," Applied Energy, Elsevier, vol. 353(PB).
    6. Rahman, Md Mamunur & Nguyen, Ruby & Lu, Liang, 2022. "Multi-level impacts of climate change and supply disruption events on a potato supply chain: An agent-based modeling approach," Agricultural Systems, Elsevier, vol. 201(C).
    7. Dabo Guan & Daoping Wang & Stephane Hallegatte & Steven J. Davis & Jingwen Huo & Shuping Li & Yangchun Bai & Tianyang Lei & Qianyu Xue & D’Maris Coffman & Danyang Cheng & Peipei Chen & Xi Liang & Bing, 2020. "Global supply-chain effects of COVID-19 control measures," Nature Human Behaviour, Nature, vol. 4(6), pages 577-587, June.
    8. Xu, Deyi & Sheraz, Muhammad & Hassan, Arshad & Sinha, Avik & Ullah, Saif, 2022. "Financial development, renewable energy and CO2 emission in G7 countries: New evidence from non-linear and asymmetric analysis," Energy Economics, Elsevier, vol. 109(C).
    9. David Nortes Martínez & Frédéric Grelot & Pauline Bremond & Stefano Farolfi & Juliette Rouchier, 2021. "Are interactions important in estimating flood damage to economic entities? The case of wine-making in France," Post-Print hal-03609616, HAL.
    10. Laura M. Canevari‐Luzardo & Frans Berkhout & Mark Pelling, 2020. "A relational view of climate adaptation in the private sector: How do value chain interactions shape business perceptions of climate risk and adaptive behaviours?," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 432-444, February.
    11. Hametner, Markus, 2022. "Economics without ecology: How the SDGs fail to align socioeconomic development with environmental sustainability," Ecological Economics, Elsevier, vol. 199(C).
    12. Ofori, Isaac K. & Figari, Francesco, 2022. "Economic Globalisation and Inclusive Green Growth in Africa: Contingencies and Policy-Relevant Thresholds of Governance," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue Forthcomi, pages 1-1.
    13. Bianca Carducci & Yaqub Wasan & Agha Shakeel & Amjad Hussain & Jo-Anna B. Baxter & Arjumand Rizvi & Sajid B. Soofi & Zulfiqar A. Bhutta, 2022. "Characterizing Retail Food Environments in Peri-Urban Pakistan during the COVID-19 Pandemic," IJERPH, MDPI, vol. 19(14), pages 1-13, July.
    14. Hammond, James & Siegal, Kim & Milner, Daniel & Elimu, Emmanuel & Vail, Taylor & Cathala, Paul & Gatera, Arsene & Karim, Azfar & Lee, Ja-Eun & Douxchamps, Sabine & Tu, Mai Thanh & Ouma, Emily & Lukuyu, 2022. "Perceived effects of COVID-19 restrictions on smallholder farmers: Evidence from seven lower- and middle-income countries," Agricultural Systems, Elsevier, vol. 198(C).
    15. Daniela Cristina Momete & Manuel Mihail Momete, 2021. "Map and Track the Performance in Education for Sustainable Development across the European Union," Sustainability, MDPI, vol. 13(23), pages 1-14, November.
    16. Antonio Zavala-Alcívar & María-José Verdecho & Juan-José Alfaro-Saiz, 2020. "A Conceptual Framework to Manage Resilience and Increase Sustainability in the Supply Chain," Sustainability, MDPI, vol. 12(16), pages 1-38, August.
    17. Guillaume Lafortune & Grayson Fuller & Leslie Bermont Diaz & Adolf Kloke-Lesch & Phoebe Koundouri & Angelo Riccaboni, 2022. "Achieving the SDGs: Europe's Compass in a Multipolar World: Europe Sustainable Development Report 2022," DEOS Working Papers 2235, Athens University of Economics and Business.
    18. Kevin Handtke & Lisa Richter-Beuschel & Susanne Bögeholz, 2022. "Self-Efficacy Beliefs of Teaching ESD: A Theory-Driven Instrument and the Effectiveness of ESD in German Teacher Education," Sustainability, MDPI, vol. 14(11), pages 1-32, May.
    19. Maureen S. Golan & Laura H. Jernegan & Igor Linkov, 2020. "Trends and applications of resilience analytics in supply chain modeling: systematic literature review in the context of the COVID-19 pandemic," Environment Systems and Decisions, Springer, vol. 40(2), pages 222-243, June.
    20. Mariusz Czupich & Justyna Łapińska & Vojtěch Bartoš, 2022. "Environmental Sustainability Assessment of the European Union’s Capital Cities," IJERPH, MDPI, vol. 19(7), pages 1-18, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palcom:v:10:y:2023:i:1:d:10.1057_s41599-023-02070-6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: https://www.nature.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.