China's lobster market reshuffle: Canada loses ground, Vietnam surges 9 times, Australia returns strongly

With the increase in tariffs, the market share of Canadian lobsters is destined to be divided up by other countries. So, who will become the new main lobster supply? The latest data shows that the United States, Vietnam, Australia, New Zealand and other countries are competing fiercely for this market, and the amazing performance of Vietnamese lobsters with a 9-fold increase makes it the biggest winner most likely to replace Canada. Canadian lobsters lose their price advantage, and the United States is also in trouble Canadian lobsters have long dominated the Chinese market relying on their price advantages, but now, after the increase in tariffs, the final import cost of Canadian lobsters may soar to 41%. Industry insiders generally believe that this will cause Canadian lobsters to rapidly shrink their market share in China. At the same time, American lobsters have not been spared. Since the Sino-US trade war in 2018, the United States has American lobsters have been affected ...