Overview Of Global Abalone Trade Development

    New discoveries have revealed nearly a hundred species of abalone worldwide, distributed across the Pacific, Atlantic, and Indian Oceans. This delicacy can be found almost everywhere around the globe, with concentrated production areas in parts of Asia, Africa, Oceania, and the Americas. The abalone trade plays a significant role in global international trade. Now, let's take a closer look at the overview of the global abalone trade.

    Over the past four decades, the global abalone industry has grown at a rate far beyond what anyone could have imagined, and the growth of trade has also far exceeded expectations. Abalone production has shifted from wild harvesting to farming, with aquaculture now accounting for over 95% of the global abalone supply.

     Among these, China is the world's leading producer of farmed abalone. Data shows that in 2019, China's annual abalone production reached 170,000 tons, accounting for 90% of the world's total abalone output. It is estimated that the future market size will exceed 26.6 billion yuan.

     From a trade perspective, the world's major abalone-producing regions include China, South Korea, Japan, the United States, Australia, Mexico, and South Africa. Among these, the primary farming countries are China, South Korea, and South Africa.

     Among the world's major abalone producers, China is the largest producer and consumer of abalone. Over the past decade, China's abalone production has quadrupled, contributing nearly 90% of global growth. Currently, China accounts for about 87% of the world's total abalone production, with major farmed varieties including Abalone furrow, Abalone nine-hole and Abalone variegated.