Analysis Of Peru's Squid Export Market in The First Half Of 2025

Sep 05, 2025

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In the first half of 2025, ‌Peru squid‌ exports exhibited dual characteristics of core market contraction and product category differentiation. While China remained the largest export destination with a 57% share, its proportion dropped sharply from 77% in April to 43% in June, as emerging markets like Spain and South Korea gained momentum. This shift was directly linked to fishing specifications: in June, squid ear exports doubled to 5,703 tons due to suitability for larger catches, while ear-attached tubes and whole squid categories saw their exports halved due to size limitations. Although ‌Peru's‌ global monthly exports remained stable at over 50,000 tons in Q2, shipments to China fell 35% month-on-month in June, highlighting significant market diversification.

Supply chain adjustments revealed resource-driven characteristics. ‌Peru's‌ global exports of raw squid totaled 183,000 tons in the first half of the year, with Q2 shipments maintaining high volumes of 1,800-2,000 containers. Notably, China's container share plummeted from 1,518 in April to just 775 in June, while European markets steadily increased their share. The fluctuations in product categories further demonstrated that processed items were less affected by size variations, whereas whole squid products showed greater sensitivity to resource changes. This dynamic is driving export strategies toward multi-category and multi-market approaches.