Source: Seafood News April. 12, 2024 USDA’s Foreign Agriculture Service released a report last month detailing the distribution channels for live seafood in China, potential market opportunities, and updates for 2024. As the world’s largest consumer of seafood China is also the world’s largest seafood producer, mostly due to aquaculture. “Estimated wild-caught production is significantly less than demand and continues to decrease due to tighter government regulations and deteriorating fishery resources,” the report notes. Seafood demand continues to grow, however, “with an increasin ..read more

Source: Seafood News By Yin Yeping | Feb. 6, 2024 Norwegian Seafood Exports to China Set for Promising Growth in 2024 Norwegian seafood exports to China are anticipated to experience significant growth this year, particularly with salmon exports surging in January ahead of the Chinese New Year holidays beginning on February 10, according to relevant data. As both nations commemorate the 70th anniversary of diplomatic relations, Norwegian Minister of Foreign Affairs Espen Barth Eide is currently visiting China from Monday to Wednesday, further raising expectations for seafood trade, a pivotal ..read more

As 2023 comes to an end and transitions into 2024, there are encouraging signs for the Chinese farmed shrimp market. Prices of Vannamei shrimp have been steadily increasing in the final week of 2023. Additionally, there has been a relief in inventory pressure on imported shrimp. In the Guangdong’s Pearl River Delta region, the price of shrimp, particularly 60-count per kilogram, has surged to over CNY 57/kg ($8.00/kg) as of week 52. Similarly, there is an upward trend in the prices of greenhouse-farmed shrimp in Jiangsu and within the land-based shrimp industry in Shandong. On December 25th, a ..read more

China has announced that it will maintain import tariffs on seafood at 2023 levels, with provisional lower rates already in place for 24 products, including salmon, tuna, and shrimp. The majority of seafood imports fall under most-favored-nation tariff rates, according to the State Council Customs Tariff Commission. Exceptions are made for countries with which China has free trade agreements, such as Chile, Iceland, Australia, and New Zealand. Provisional tariffs on the 24 seafood items have been introduced in previous years to address local supply shortages, and these lower rates will continu ..read more

By Lewis Hu | Dec. 7, 2023 – 16:47 GMT Alibaba’s innovative retail store, Hema, has unveiled a range of ready-to-eat king crab products targeting the upcoming Lunar New Year holiday in China. This holiday is one of the most significant family gathering periods of the year. The product lineup includes garlic king crab legs, Hong Kong-style king crab chunks, and black truffle cheese king crab legs, with prices ranging from CNY 188 to CNY 269 ($26.45 to $37.84). These products offer a convenient and cost-effective alternative to whole live crabs, which can be complex to prepare at home. Hema’s ..read more

By Lewis Hu | Dec. 7, 2023, 09:50 GMT During December and January, China is expected to witness a peak in live-streamed seafood sales, marked by a substantial surge in the demand for shrimp and salmon, according to a major player in the sector. According to a report from Douyin, the Chinese counterpart of TikTok, seafood sales on the platform surged in the third quarter of 2023, with an impressive month-on-month increase of 119% in August alone. As indicated by the report, the surge in sales in August and September is partially linked to concerns about Japan’s disposal of Fukushima plant wat ..read more

September 1, 2023 Seafood News China, one of the largest seafood traders worldwide, has bought more than it sells from this January to July. Its seafood iports value has increased by 14.7% to 14.14 billion dollars compared with that of last year. Meanwhile the export has dropped by 12.3% to 11.77 billion dollars, according to the country’s Ministry of Agriculture and Rural Affairs. This means a trade deficit of 2.37 billion dollars compared with a surplus of 1.08 billion dollars in that period of 2022. It has also become the largest buyers of some countries’ seafood in Asia or even all over ..read more

Copyright © 2023 China News Service August 11, 2023 The Chinese market has surpassed Japan and South Korea for the first time to become the largest export market for Norwegian fresh chilled salmon in Asia, said an official at the 2023 Salmon Production and Sales Fair held in Xining on Thursday, citing the export data from January to July this year. In the first half of 2023, Norwegian seafood exports to the Chinese market amounted to nearly 70,000 tons, with an export value of 4.3 billion Norwegian kroner (approximately 3 billion Chinese yuan). In terms of export volume, China ranks fou ..read more

  Undercurrent News China’s imports of seafood surged by 35% to $19.13bn in 2022 — a new record that suggests the country’s strict COVID-19 protocols for imports and frequent lockdowns impacted consumption less than thought By Louis Harkell | April 11, 2023 10:28 BST China’s imports of seafood surged by 35% to $19.13 billion in 2022 — a new record that suggests the country’s strict COVID-19 protocols for imports and frequent lockdowns impacted consumption less than thought. The haul eclipsed China’s previous record of $15.8bn in 2019 and followed weaker imports i ..read more

www.undercurrentnews.com China’s seafood consumption rebounded significantly over Chinese New Year with small businesses enjoying the biggest recovery, according to the industry.  Foodservice consumption rebounded sharply during the Spring Festival, after the COVID epidemic… Footfall during the holiday increased by 26% compared with last year’s Spring Festival and is “basically the same” as the 2019 Spring Festival, the survey said. “The catering service industry has achieved a good start, various offline consumption has maintained strong momentum,” said the association. The survey also ..read more