October 11, 2024 — A variety of market forces combined with fishery collapses occurring in a rapidly changing environment caused Alaska’s seafood industry to lose $1.8 billion from 2022 to 2023, a new federal report said.
The array of economic and environmental challenges has devastated one of Alaska’s main industries, said the report, issued by the National Oceanic and Atmospheric Administration. And the losses extend beyond economics, casting doubt on prospects for the future, the report said.
“For many Alaskans the decline of their seafood industry affects their pocketbooks, presents food security concerns, and impacts their way of life, sense of place, community, and identity. In the face of evolving climate-driven impacts to ecosystems and fisheries in the region, these recent market disruptions undermine the capacity of all segments of the seafood industry and associated fishing communities to be resilient and survive in fisheries now and in the future,” the report said.