Researchers estimate 55 million marine organisms worth $2.15bn are sold in the marine aquarium trade each year, making it as valuable as global fisheries such as tuna
7 December 2023
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New research has generated the first global estimate of the number of fish and invertebrates within the Marine Aquarium Trade (MAT), as a way to incentivise industry sustainability and coral reef conservation.
Every year 55 million organisms are sold - worth $2.15bn at retail 鈥 placing the MAT on par with global fisheries, such as tuna, in terms of economic significance.
The paper, , estimates there are currently over 8,000 retailers globally and 6.7 million marine hobbyists. This number is expected to increase to 45 million by 2100 based on population increases and as countries increase their wealth.
Species traded for aquariums are worth more money per kilogram, compared to fish for food. For example, the average price achieved by the fishers for the MAT is $148 per kg, whereas tuna is $3 per kg.
More than 25 per cent of all known marine species - including high value fish and organisms - are found on coral reefs. These ecosystems are crucial to millions of people as they provide a quarter of all the fish caught by developing countries that border the reefs.
However, scientists warn the aquarium trade is at a crossroads forced by threats from global climate change and other stressors.
Aquariums are a great way to educate people about how critical coral reefs are to a healthy and productive planet.
Professor Gordon Watson, 1024核工厂鈥檚 School of Biological Sciences
Lead author, Professor Gordon Watson from the 1024核工厂鈥檚 School of Biological Sciences, said: 鈥淲e know that MAT puts stress on key habitats, but it can also help stimulate enthusiasm for marine conservation, and it is a valuable source of income for many communities.
鈥淎quariums are a great way to educate people about how critical coral reefs are to a healthy and productive planet.鈥
This paper estimates there are around 500 species being regularly traded in the MAT; 210 fish, and 296 inverts. Twenty-five were identified as being at extremely high risk of being overfished, including species of snails, hermit crabs, and the Bangaii cardinal fish. Indonesian and Sulu-Celebes Seas are the areas most exploited.
鈥淭he Marine Aquarium Trade is a hugely valuable industry that has the leverage to generate change, providing a framework for fishers and governments to protect reefs, and as a result the communities that rely on them鈥, added Professor Watson.
鈥淏ut data gaps are amplifying demands for an international ban on the trade. Our study goes some way to fill in these grey areas.鈥
Despite a growing awareness of the environmental impacts of the MAT, the authors warn if nothing changes it will transform into an aquaculture-dominated industry. This would see species farmed away from the reefs and associated coastal communities who rely on them to sustain their economy, or moving to more destructive methods of fishing.
Professor Watson said: 鈥淭he trade finds itself at a crossroads with near-future governance decisions being critical for its long-term future. These choices can be distilled into a 鈥榖usiness-as-usual鈥 approach or a 鈥楳AT positive鈥 one.鈥
The study has outlined a number of ways the MAT can become more sustainable:
- Species stock assessment of those most at risk and put in stock management
- Address mortality in the chain of custody
- Support local coral reef protection and restoration programmes
- Governance structures needed, similar systems to the tuna
- Successful introduction of the Fairtrade/MSC certification-style system to help implement these things
The paper concludes by saying a 鈥楳AT-positive鈥 future is imaginable, but requires real action on climate change, evidence-based management, consumer education, sustainable practice incentivisation, and over-exploitation assessments to ensure that the MAT becomes a 鈥榝orce-for-good鈥 and paradigm of sustainable coral reef fisheries.
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