Last Year’s Fishery Production Value Down by 40.4 Billion KRW... Due to Decline in High-Unit-Price Distant-Water Fisheries
2022 Fisheries Production Trend Survey Results
Last year, the value of fishery production decreased by 40.4 billion KRW compared to the previous year. This was due to a decline in the catch volume of high-priced species such as squid and yellowfin tuna.
On the 24th, Statistics Korea announced the results of the "2022 Fishery Production Trend Survey" containing this information.
According to the report, fishery production volume last year was 3.604 million tons, down 229,000 tons (-6.0%) from 3.832 million tons in the previous year. Inland water fisheries increased from 43,000 tons in 2021 to 49,000 tons in 2022 (6,000 tons, 14.3%) due to increased stocking volume driven by rising demand for eel and an increase in the number of snail aquaculture businesses. However, production of kelp and mussels declined due to poor aquaculture conditions, and resources such as chub mackerel, croaker, and anchovy decreased due to poor fish school formation and reduced fishing activities. Additionally, production outside inland water fisheries, including squid (distant water) and yellowfin tuna, also declined, leading to an overall decrease in total fishery production.
By major species, herring production nearly doubled from 14,000 tons in 2021 to 28,000 tons last year (14,000 tons, 98.3%). Yellowtail species also increased by 6,000 tons (41.4%), and krill species rose by 5,000 tons (23.2%) compared to the previous year. On the other hand, croaker decreased by 15,000 tons (-48.0%) and squid by 24,000 tons (-40.0%).
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The fishery production value in 2022 was 9.2413 trillion KRW, down 40.4 billion KRW (-0.4%) from 9.2817 trillion KRW in 2021. This was because the catch volume of high-priced species such as squid (distant water), wreckfish (mero), yellowfin tuna, and pollock in distant water fisheries decreased by 228.8 billion KRW (-16.9%). Coastal fisheries, including squid, croaker, and krill, also saw a decline in catch volume and prices, resulting in a production value decrease of 113.5 billion KRW (-2.7%).
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