http://www.bcseafood.ca/PDFs/fisheriesinfo/fishery-pacific-hake.pdfhttps://en.wikipedia.org/wiki/HakeOver-exploitation
Due to over-fishing, Argentinean hake catches have declined drastically. About 80% of adult hake has apparently disappeared from the Argentinean Sea. Argentinean hake is not expected to disappear, but the stock may be so low that it is no longer economic for commercial fishing.[5] In addition, this adversely affects employment, because many people lose their jobs in the fishing industries. On the other hand, Argentinean hake prices are rising due to scarcity. This has reduced exports, which ultimately affects the economy.[6]
In Chile, seafood exports, especially Chilean hake, have decreased dramatically. Hake export has decreased by almost 19 percent. The main cause of this decline is the earthquake and tsunami that hit Chile in February 2010. These disasters destroyed most processing plants, especially manufacturing companies that produce fishmeal and frozen fillets.[7]