ANALYSIS: Squid Imports Rapidly Diminishing Year-Over-Year
Imported squid volumes, prior to 2019, typically trended at 160 million pounds of product entering the United States per year on average. This figure took a massive hit in 2019 when tariffs were implemented on product from China, the main supplying country of squid into the U.S. This resulted in a drop of about 33.3 million pounds from the country. Enter a global pandemic and imports continue to downtrend as 2020 brought in 99 million pounds of squid products, or 65 million...
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