Last Year Coastal Fisheries Production Value 4.3 Trillion Won... 10.3% Increase Compared to Previous Year

[Asia Economy Reporter Kwon Haeyoung] The Ministry of Oceans and Fisheries announced on the 7th that the production value of coastal fisheries last year totaled 4.3655 trillion won, a 10.3% increase compared to the previous year (3.9571 trillion won).

By major species, the production value of squid increased by 30.5% from the previous year to 501.7 billion won, making it the highest. This was followed by galchi (hairtail) at 466 billion won, myeolchi (anchovy) at 337.9 billion won, chamjogi (yellow croaker) at 289.8 billion won, kkotge (blue crab) at 268.2 billion won, and godeungeo (mackerel) at 163.6 billion won. Although the production volume of squid last year was similar to the previous year, the unit price rose, placing it at the top among major species in terms of production value.

In terms of production volume last year, myeolchi (anchovy) was the largest at 216,748 tons. This was followed by godeungeo (mackerel) at 77,396 tons, galchi (hairtail) at 65,719 tons, squid at 56,546 tons, jeonggaeng-i (horse mackerel) at 45,537 tons, and chamjogi (yellow croaker) at 41,039 tons.

The highest growth rate in production volume was for chamjogi (yellow croaker), which increased by 59.4% compared to the previous year. Next were galchi (hairtail) at 51.2%, myeolchi (anchovy) at 26.3%, kkotge (blue crab) at 25.3%, and gajami-ryu (flatfish species) at 20.6%. On the other hand, godeungeo (mackerel) saw a 23.5% decrease in production volume due to poor fishing grounds around Jeju caused by storms and cold waves in November and December, the main fishing season last year. Agwi-ryu (anglerfish species) production decreased by 27.1% compared to the previous year due to reduced consumption amid the COVID-19 pandemic.

Accordingly, the total production volume of coastal fisheries last year was 932,000 tons, a 1.9% increase from the previous year (915,000 tons). The production volume of coastal fisheries has remained below 1 million tons for two consecutive years.

This content was produced with the assistance of AI translation services.