Determining the species composition of the shark fin trade in Singapore: a globally significant Southeast Asian market

Abstract

Overfishing and unsustainable practices have caused drastic declines in shark populations worldwide; these decreases are largely attributed to the demand for shark products (e.g., fins and meat) and shark bycatch associated with the global fishing industry. In an effort to understand the species composition of the shark fin trade in Singapore – a globally significant trade hub, we collected and genetically identify a total of 6840 shark fins collected between January 2021 and February 2022. We then adopted a Bayesian modelling approach to understand how the identified species contributed to the overall trade within Singapore. The Singapore market appears distinct in terms of species composition when compared to the markets of Hong Kong and mainland China. In Singapore 81% of samples belonged to ten species, whereas, in Hong Kong and mainland China a single species dominated the trade. Of those identified in Singapore, the IUCN considers six to be threatened species and eight are listed in CITES Appendix II (in online). The differences in species composition between East and Southeast Asian markets suggest that different supply chains are sustaining these hubs. Given these differences, it is important that conservation, sustainable fisheries management and policy decisions are based upon the findings from multiple trade centres.