Impacts of COVID-19 on U.S. Seafood Availability

Author:

Anderson James L.1,Asche Frank23ORCID,Garlock Taryn1,Hegde Shraddha4,Ropicki Andrew15,Straume Hans-Martin6

Affiliation:

1. University of Florida , Gainesville , USA

2. University of Florida, Gainesville , USA

3. University of Stavanger , Stavanger , Norway

4. Texas A&M University , College Station , USA

5. Florida Sea Grant , Gainesville , USA

6. BI Norwegian Business School , Bergen , Norway

Abstract

Abstract Seafood is the food group with the highest share traded, and the U.S. is the world’s largest seafood importer, importing 79% of the seafood consumed. Hence, a study examining the impacts of the measures to contain COVID-19 on U.S. seafood imports will not only show how U.S. seafood availability has been affected, but will also give strong indications of how resiliently the global seafood markets have worked through the pandemic. We find that U.S. imports of seafood actually increased in 2020 and 2021, suggesting supply chains were able to adapt to potential disruptions. Moreover, for the 14 largest product forms imported to the U.S., there are no strong price movements. Given that there is a global market for most species groups, this adaption also suggests that the markets have worked quite well beyond the U.S. Hence, while there have undoubtedly been market shocks associated with the COVID-19 measures such as the reduction in demand from the restaurant sector and the increased sales in the retail sector, opportunities seem to balance out challenges, and the supply chains for seafood to the U.S. have been highly resilient.

Funder

National Oceanic and Atmospheric Administration

Florida Sea Grant, University of Florida

Norges Forskningsråd

Publisher

Walter de Gruyter GmbH

Subject

General Business, Management and Accounting,Food Science

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