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    Home > Food News > Food Articles > Sales of imported seafood in China are quietly recovering

    Sales of imported seafood in China are quietly recovering

    • Last Update: 2021-07-31
    • Source: Internet
    • Author: User
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    News from SeafoodSource on July 1, China’s seafood market is full of mixed signals.
    Imports have picked up, but prices are still weak
    .
     
    Jumbo Seafood,a high-end seafood restaurant chain headquartered in Singapore, announced that it plans to open more restaurants in China thanks to its good performance in mainland China in the first five months of this year
    .
    The company currently operates restaurants in five cities in China, but has stopped expanding in China due to the epidemic
    .

     
    The Norwegian Seafood Agency NSC reported that Norway exported 13,045 tons of fresh salmon to China in the first 24 weeks of 2021, a year-on-year increase of 31%
    .
    As of May, Norway had exported 11,544 tons of salmon to China, an increase of 20% in quantity, but a low value increase of only 15%
    .
    In the first 24 weeks of this year, the average price of Norwegian fresh salmon fell by 6% year-on-year
    .
     
    Victoria Braathen, director of the NSC China Office, said that the salmon market in China is still recovering
    .
    In terms of supply and price, several factors will play a role.
    China is also a market that prefers large salmon, and this year's supply situation will be different
    .

     
    According to Chinese customs statistics, in 2020, China's imports of fresh salmon fell from 22,921 tons in 2020 to 20,865 tons, a year-on-year decrease of 9%
    .
    Fresh salmon accounted for 96% of total imports, compared with 77% in 2020
    .
    Norway accounts for 56% of China's fresh salmon market, followed by Chile with 14%
    .
    Victoria Braathen said that as China emerges from the epidemic, Norwegian salmon suppliers are expected to find new sources of demand in China
    .
     
      Victoria Braathen said that the Norwegian salmon industry is continuing to look for new opportunities to provide end users and consumers with more diverse salmon products
    .
    Summer is usually the peak season for fresh salmon, and it is expected that the Chinese market will continue to recover
    .

     
      Gorjan Nikolik, senior global seafood analyst at Rabobank, said that in the context of last year's market decline, China's weak price data should be accepted
    .
     
      He pointed out that salmon exports to China were affected in the first half of 2020, but the real problem started after the COVID-19 virus was discovered in the Beijing wholesale market in June last year
    .
     
      The stringent virus-related testing measures for imported seafood have led to a 50% year-on-year decrease in imports in the second half of 2020, especially in the fourth quarter, and a 25% year-on-year decrease in imports in the first quarter of this year
    .
    The impact after the second quarter is also huge .

     
      Rabobank predicts that after experiencing the weakness in the first half of this year, the prices of major seafood such as salmon in China and Europe will rise strongly in the second half of 2021
    .
    China's imports have begun to pick up from low points
    .

     
      Des Moore, head of Bells Isle, an Irish oyster exporter, said the company’s business needs are stable and prices continue to rise
    .
    Bells Isle’s oysters are shipped to China under the brands "Unique" and "Bells Isle Oysters", but the closure of ports related to the new crown epidemic (recently in Guangdong) has made logistics unstable and increased costs
    .

     
      Des Moore said that the reopening of Europe and continued logistics difficulties are likely to push prices up further.
    Coupled with the colder spring and early summer in Northern Europe, it is expected that French and Irish large oysters (120 grams or more), which Chinese buyers would like very much ) The supply will be tight
    .
     
      Considering that the price of air freight, the price of cargo boxes, wooden boxes and ice packs are rising, coupled with the possible decline in the number of large oysters, he believes that the price of oysters in China will only continue to rise
    .
     
      As the European market became "active" after a period of interruption, Des Moore found that many Irish and French aquaculture farmers were more inclined to sell small seafood on the European continent instead of focusing on the large Chinese market
    .

    Chinese seafood prices
     
    Jumbo Seafood,   a high-end seafood restaurant chain headquartered in Singapore, announced that it plans to open more restaurants in China thanks to its good performance in mainland China in the first five months of this year
    .
    The company currently operates restaurants in five cities in China, but has stopped expanding in China due to the epidemic
    .

    seafood
     
      The Norwegian Seafood Agency NSC reported that Norway exported 13,045 tons of fresh salmon to China in the first 24 weeks of 2021, a year-on-year increase of 31%
    .
    As of May, Norway had exported 11,544 tons of salmon to China, an increase of 20% in quantity, but a low value increase of only 15%
    .
    In the first 24 weeks of this year, the average price of Norwegian fresh salmon fell by 6% year-on-year
    .
     
      Victoria Braathen, director of the NSC China Office, said that the salmon market in China is still recovering
    .
    In terms of supply and price, several factors will play a role.
    China is also a market that prefers large salmon, and this year's supply situation will be different
    .

     
      According to Chinese customs statistics, in 2020, China's imports of fresh salmon fell from 22,921 tons in 2020 to 20,865 tons, a year-on-year decrease of 9%
    .
    Fresh salmon accounted for 96% of total imports, compared with 77% in 2020
    .
    Norway accounts for 56% of China's fresh salmon market, followed by Chile with 14%
    .
    Victoria Braathen said that as China emerges from the epidemic, Norwegian salmon suppliers are expected to find new sources of demand in China
    .
     
      Victoria Braathen said that the Norwegian salmon industry is continuing to look for new opportunities to provide end users and consumers with more diverse salmon products
    .
    Summer is usually the peak season for fresh salmon, and it is expected that the Chinese market will continue to recover
    .

     
      Gorjan Nikolik, senior global seafood analyst at Rabobank, said that in the context of last year's market decline, China's weak price data should be accepted
    .
     
      He pointed out that salmon exports to China were affected in the first half of 2020, but the real problem started after the COVID-19 virus was discovered in the Beijing wholesale market in June last year
    .
     
      The stringent virus-related testing measures for imported seafood have led to a 50% year-on-year decrease in imports in the second half of 2020, especially in the fourth quarter, and a 25% year-on-year decrease in imports in the first quarter of this year
    .
    The impact after the second quarter is also huge .

     
      Rabobank predicts that after experiencing the weakness in the first half of this year, the prices of major seafood such as salmon in China and Europe will rise strongly in the second half of 2021
    .
    China's imports have begun to pick up from low points
    .

     
      Des Moore, head of Bells Isle, an Irish oyster exporter, said the company’s business needs are stable and prices continue to rise
    .
    Bells Isle’s oysters are shipped to China under the brands "Unique" and "Bells Isle Oysters", but the closure of ports related to the new crown epidemic (recently in Guangdong) has made logistics unstable and increased costs
    .

     
      Des Moore said that the reopening of Europe and continued logistics difficulties are likely to push prices up further.
    Coupled with the colder spring and early summer in Northern Europe, it is expected that French and Irish large oysters (120 grams or more), which Chinese buyers would like very much ) The supply will be tight
    .
     
      Considering that the price of air freight, the price of cargo boxes, wooden boxes and ice packs are rising, coupled with the possible decline in the number of large oysters, he believes that the price of oysters in China will only continue to rise
    .
     
      As the European market became "active" after a period of interruption, Des Moore found that many Irish and French aquaculture farmers were more inclined to sell small seafood on the European continent instead of focusing on the large Chinese market
    .
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