Vietnam is the 3rd largest supplier of imported seafood to China
Monday, October 14,2024AsemconnectVietnam - In the first 8 months of 2024, China imported more than 2.8 million tonnes of seafood, reaching a value of nearly 11.4 billion USD, down nearly 6% in volume and 11% in turnover.
According to information from Vietnam Association of Seafood Exporters and Producers (VASEP), citing statistics from China Customs, in the first 8 months of 2024, China imported more than 2.8 million tonnes of seafood, reaching a value of nearly 11.4 billion USD. Compared to the same period last year, this figure decreased by nearly 6% in volume and 11% in turnover.
The five largest seafood suppliers to China include: Ecuador, Russia, Vietnam, Canada and India. Of which, Vietnam holds position of the third largest seafood import supplier to China.
In terms of crab products, in the first 8 months of 2024, China imported about 86,700 tonnes of crab, with a total turnover of 1.3 billion USD, up 11% in volume and 10% in value over the same period last year. Of which, amount of imported live crab alone reached 68,400 tonnes, bringing a value of 1.14 billion USD.
In addition, lobster products also recorded growth with an increase of 15% in volume and 14% in value, equivalent to 37,000 tonnes and a value of more than 1 billion USD in the first 8 months of the year.
According to VASEP, although China is the world's leading seafood producer, output mainly comes from aquaculture. The limited availability of domestic natural seafood has led to Chinese consumers increasingly interested in fresh, high-quality and internationally recognized seafood products.
In terms of consumption preferences, people living in coastal cities in China tend to prefer fresh seafood more than consumers in inland areas. Majority of live seafood consumption occurs mainly in hotel, restaurant, and institutional (HRI) service sector. Popular places where consumers often enjoy imported seafood include restaurants in high-end hotels, specialty seafood restaurants and Cantonese restaurants.
For importers and distributors, wholesale seafood markets still play a major role in China. A typical example is Beijing JingShen Seafood Market, considered the largest seafood market in northern China, supplying about 80% of high-end seafood to the Beijing market, including imported products for the HRI and retail sectors.
Seafood importers at this market distribute products to buyers and distributors in many major cities and provinces such as Beijing, Hebei, Shanghai, Guangzhou, Heilongjiang, Jilin and Liaoning.
Source: Vitic/ congthuong.vn
The five largest seafood suppliers to China include: Ecuador, Russia, Vietnam, Canada and India. Of which, Vietnam holds position of the third largest seafood import supplier to China.
In terms of crab products, in the first 8 months of 2024, China imported about 86,700 tonnes of crab, with a total turnover of 1.3 billion USD, up 11% in volume and 10% in value over the same period last year. Of which, amount of imported live crab alone reached 68,400 tonnes, bringing a value of 1.14 billion USD.
In addition, lobster products also recorded growth with an increase of 15% in volume and 14% in value, equivalent to 37,000 tonnes and a value of more than 1 billion USD in the first 8 months of the year.
According to VASEP, although China is the world's leading seafood producer, output mainly comes from aquaculture. The limited availability of domestic natural seafood has led to Chinese consumers increasingly interested in fresh, high-quality and internationally recognized seafood products.
In terms of consumption preferences, people living in coastal cities in China tend to prefer fresh seafood more than consumers in inland areas. Majority of live seafood consumption occurs mainly in hotel, restaurant, and institutional (HRI) service sector. Popular places where consumers often enjoy imported seafood include restaurants in high-end hotels, specialty seafood restaurants and Cantonese restaurants.
For importers and distributors, wholesale seafood markets still play a major role in China. A typical example is Beijing JingShen Seafood Market, considered the largest seafood market in northern China, supplying about 80% of high-end seafood to the Beijing market, including imported products for the HRI and retail sectors.
Seafood importers at this market distribute products to buyers and distributors in many major cities and provinces such as Beijing, Hebei, Shanghai, Guangzhou, Heilongjiang, Jilin and Liaoning.
Source: Vitic/ congthuong.vn
Processing and manufacturing industry to be bright spot leading economic growth
Industrial sector’s added value increased 8.34% in 3 quarters
Opportunities for the semiconductor industry
Vietnam-Sweden trade in goods thrives thanks to EVFTA
From which markets does Vietnam import machinery and equipment?
DAILY: Vietnamese pepper prices rose by 1,500-2,000 VND per kg on October 10, 2024
DAILY: Vietnamese coffee prices rose by 100 VND on October 10, 2024
Taking advantage of large potential of CPTPP market
Maximizing the potential of digital technology exports
Trade situation between Italy and Vietnam in the first 8 months of 2024
Items imported from the EU in 8 months of 2024
Vietnam's import turnover of goods from the EU increased by 11.04% y-o-y in the first 8 months of 2024
Export of Vietnamese goods to the EU up 21.66% y-o-y in August 2024
In the first 8 months of 2024, the whole country imported 1.64 million tonnes of all kinds of paper
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
Hanoi lotus-scented tea making craft listed among national ...
The Ministry of Culture, Sports, and Tourism has issued a decision recognising the traditional craft of making lotus-scented tea in Quang ...Vietnam festival helps tighten friendship with Japan
Vietnam to play friendly matches with Thailand and Russia ...