Bolong’s exports to China have returned to pre-trade war levels, but high interest rates in North America still limit demand.

Published 2024년 1월 25일

Tridge summary

The Boston lobster industry has seen a significant recovery and growth, with 2023 imports reaching a new high since 2019. The United States and Canada exported around 800,000 pounds of polypropylene to Greater China in the first 11 months of 2023, showcasing the strength of the North American wavefish fishing industry. Despite this, challenges such as weather conditions and high interest rates persist, emphasizing the need for early market planning to ensure production and avoid issues like those experienced during the pandemic.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After experiencing the trade war and the new crown epidemic, the Boston lobster trade has recovered and grown in recent years, with imports last year hitting a new high since 2019. ​ According to statistics from the U.S. food price portal Urner Barry (UB), in the first 11 months of 2023, the United States and Canada exported approximately 800,000 pounds of polypropylene (approximately 36,000 tons) to Greater China (including Hong Kong and Vietnam). It is the peak period of the Canadian production season, and it is expected that the sales volume for the whole year will increase significantly compared with 2019. ​ At the Global Seafood Market Conference (GSMC), Annie Tselikis, director of marketing and business development of Slade Gorton & Co. in the United States, pointed out: “2019 is the first full year after the start of the Sino-US trade war, and the US wave of Chinese purchases The dragon obviously declined, and then encountered the global epidemic. However, many purchase ...
Source: Foodmate

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.