As of late July 2025, the market conditions and sales landscape of giant squid tubes (i.e., carcasses, whole sticks, and other products) exhibit the following characteristics:

I. Price Trend Dynamics

Overall Volatile Uptrend

• Price Increase for Small and Medium Specifications of giant squid: Prices of small and medium-sized products such as tail fins, extra-small sticks, and small whole sticks have rebounded significantly. Among them, the weekly increase in tail fin prices reached 1,035 yuan/ton, while extra-small sticks and small whole sticks rose by  647 yuan/ton and 394 yuan/ton respectively¹.

• Divergence in Large Specifications: Prices of large-sized giant squid products such as large-headed, small-headed, and carcasses have declined, with the drop in small-headed and carcass prices exceeding 1,000 yuan/ton¹.

• High Prices Break Historical Levels: The price of small whole sticks exceeded 20,000 yuan/ton, and extra-small whole sticks      reached 19,600 yuan/ton, hitting a record high⁶.

Significant Regional Price Differences

• Peruvian Local Market: In northern Paita and the fishing grounds near the area north of Lima in the south, the weekly increase in giant squid raw material prices reached 100-300 soles/ton (approximately 200-600 yuan/ton).   However, in the Chimbote area, due to increased production, prices dropped to 11,000-14,000 yuan/ton²³.

• Quotations in the Chinese Market: The price of large slices of giant squid soared due to insufficient supply, prompting processing enterprises to switch to medium and large sticks as substitutes to reduce costs. The price of medium sticks rose to 10,700 yuan/ton (a weekly increase of 200 yuan), and large sticks increased by 500 yuan/ton².

II. Supply-Demand and Market Performance of giant squid

Tightening Supply Side

A fishing moratorium has been implemented in Peru's exclusive economic zone since June 30, leading to expected tightness in raw material supply, and the inventory of squid processing plants is gradually being consumed¹⁵.

In the first half of 2025, the catch of giant squid reached 420,000 tons, and the import volume at Zhoushan Port increased by 88% year-on-year. However, signs of shortage emerged after the fishing moratorium¹.

Increased Trading Activity

• 33% Month-on-Month Increase in Turnover: In the 29th week (July 11-17), the trading volume of giant squid reached 8,156 tons, with the main varieties being extra-small whole sticks and small whole sticks,      accounting for over 60%¹.

• Strong Export Demand: In the first quarter of 2025, the export value of giant squid was 135 million US dollars, a year-on-year increase of 43.6%, mainly sold to South Korea (accounting for 32.4%, a year-on-year increase of 209.8%) and mainland China (24.4%)⁴.

III. Market Trends and Influencing Factors

Rise of Processing Substitution Strategies of giant squid

Due to the excessively high price of large slices, some enterprises have switched to processing medium and large-sized sticks, driving up the demand and prices of medium and large sticks².

Short-Term Price Support Factors of giant squid

The Peruvian government plans to launch a resource assessment in late July, and the results will determine the fishing quota after August. The expectation of tight supply continues to support prices¹.

Demand in core import markets such as South Korea and China is strong, coupled with the approaching peak processing season (September-October), giant squid raw material prices may rise further²⁴.

IV. Risk Tips

• Risk of Divergence in Specification Price Differences: Prices of small and medium-sized giant squid products remain firm due to supply shortages, but large-sized carcasses and other products still face      the risk of price decline due to inventory pressure¹³.

• Impact of Policy Changes: The results of Peru's resource assessment and adjustments to the fishing moratorium policy may trigger sharp price fluctuations¹⁵.

Summary: The giant squid tube market currently presents a differentiated pattern where "small and medium-sized specifications are in short supply and prices are rising, while large-sized ones are under pressure". The tight supply caused by the fishing moratorium and the growing demand in Asia are the core driving factors. In the future, it is necessary to pay close attention to the chain reaction of Peru's resource assessment results and the trend of alternative processing on squid prices.

Pls contact Blue Sea Fishery for giant squid tubes/rings orders: 

Blue Sea Fishery co., Ltd. 

www.blueseafishery.cn 

e-mail: sales@blueseafishery.cn 

Wechat: DORIS86789

Giant squid tubes, China giant squid tubes supplier, producer, manufacturer, seller, giant squid rings, giant squid flowers, giant squid, China giant squid processor