Apr. 9 – China seafood imports have surged, the key seafood price index – based on prices of 30 different seafood products sourced from 67 different wholesale markets across China. There are major changes with China’s seafood demand, seafood import volumes were higher by 22% in the first four months of the year, compared with the corresponding period last year; China growing demand for seafood.
Seafood import to China by countries
China is the world’s largest producer, consumer, importer, and exporter of seafood products and accounts for approximately 35% of all global production. In 2018, China imported seafood from 83 different countries and regions in January. Among all the exporters, Russia outruns the others regarding export value and is the largest exporter to China. Russia is followed by the United States, Norway, Canada, Chile, Indonesia, Australia, Vietnam, Thailand and New Zealand. These 10 countries have supplied China with 248.4-thousand-ton seafood, which accounts for 71 percent of China’s total imports.
Seafood imports constantly rising at China local level
Shanghai, imported approximately 34,000 tons of seafood, a growth of 34.7% year-on-year. Demand for luxury seafood products has increased significantly in China over the past few years due to economic growth. China’s seafood market: the world’s largest producer, consumer, importer, and exporter of seafood products and accounts for approximately 35% of all global production. Asia Pacific is one of the prominent regions globally in the seafood market for both export as well as import. It is projected that by 2030, the Asia Pacific region will account for approximately 70% of the global demand for fish and seafood products. Hence, to meet this increasing demand of seafood, production of seafood globally is expected to grow rapidly in the coming years.
Import duties lower- consumption higher driving import range
The main reason for increasing seafood import into China in recent years is that the government implemented a lowering of seafood import duties. At the same time, seafood consumption has been growing high due to Chinese government propose healthy food with changing eating habits by consuming more organic and protein rich food, seafood in particular. Therefore, China imports may have been boosted by a growing demand, and a lowering of seafood import duties. According to a relate report, consumption levels continue to grow yearly, by 2020, its estimated average Chinese person will be eating nearly 36kg of fish a year. Some locations, like cities on China’s eastern seaboard, are already way ahead and consuming 40kg of per capita per year.
China Seafood import indicators
China increased its seafood import 42% in January, 2018. Recent statistics show China has imported 350,500 tons of seafood products in January, which rose 42.58 percent from the same period last year. Meanwhile, it exported 436,300 tons, which contracted by 0.34 percent. China aquatic import value reached $1.045 billion USD, which increased 48.71 percent, while the export value rose by 8.86 percent to $2.197 billion USD. For the List of Chinese Importers of Seafood is available upon request, please contact with DCCC, or email to: email@example.com