China’s Massive Seafood Market is Shifting Toward Higher-Value Products By Rabobank China is poised to drive 40% of the global growth in seafood consumption to 2030, an increase of over 5.5m metric tons. China’s economic prosperity, coupled with its population of 1.4bn consumers and a high affinity for seafood, positions it as the most promising […] The post China’s rising demand for seafood is a major opportunity for exporters appeared first on China Seafood Expo ..read more

China’s Massive Seafood Market is Shifting Toward Higher-Value Products By Louis Harkell | Aug. 8, 2024, 09:53 BST China’s seafood market is undergoing a significant shift toward higher-value products like shrimp, wild-caught fish, and deep-sea species, even as the country’s post-pandemic economic slowdown crimps income growth, according to a new report from Rabobank. The Dutch […] The post Rabobank: China’s seafood appetite upscales despite slower growth appeared first on China Seafood Expo ..read more

Source: VN Express International July 21, 2024 Vietnam’s clam and oyster exports to China surge nearly 120-fold By Phuong Dung | July 21, 2024 | 02:10 am PT Vietnam’s clam and oyster exports to China have soared, achieving a total value exceeding US$2.7 million in the first five months of the year, marking a 119-fold increase from the same period last year. According to data from Chinese customs provided by the Agency of Foreign Trade under the Ministry of Industry and Trade, Vietnam’s market share for these shellfish in China increased significantly, from 0.2% last year to 19.1% in May. Ther ..read more

Source: Undercurrent News July 19, 2024 The promotions, which began July 16, are taking place in seven major cities: Shanghai, Beijing, Guangzhou, Shenzhen, Nanjing, Hangzhou, and Hefei Additional reporting by Louis Harkell. Alibaba Group’s retail chain Hema has launched salmon promotions across China, capitalizing on a drop in prices for the fish in Norway. The promotions, which began on July 16, are taking place in seven major cities: Shanghai, Beijing, Guangzhou, Shenzhen, Nanjing, Hangzhou, and Hefei. In March, Hema partnered with Norwegian seafood giants Mowi and Cermaq Group to secure a ..read more

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