August 17, 2026 — A study conducted by researchers at the University of British Columbia has found that industrial-scale illegal, unreported, and unregulated (IUU) fishing accounts for as much as 15 percent of global marine wild capture and is estimated to be worth between USD 6.2 billion and USD 12.2 billion (EUR 5.4 billion and EUR 10.5 billion).
The study, titled “Casting light on the workings of illegal fishing markets,” found that roughly two-thirds of illicit seafood trade by value originates in West Africa, East Asia, and Southeast Asia, with the bulk of the illegal catch consumed in North America, Europe, and East Asia.