China's salmon market still has room to grow

Published 2024년 6월 11일

Tridge summary

In 2023, China experienced a significant increase in whole fresh Atlantic salmon imports, with volume rising by 63% to over 80,000 tonnes and value increasing by 44% to $1.03 billion compared to the previous year. This growth makes the first quarter of 2023 a record one for salmon imports in China. The consumer demographic for salmon is largely the younger generation, especially married women in southern China. Despite the high value of these imports, China's per capita salmon consumption remains low at 0.06 kilograms, indicating room for market growth. There is a surge in the production and development of salmon-based products by companies like Dalian Rich Group and Hollywin Seafood. Norway, Chile, Australia, the UK, and Iceland were the primary suppliers of fresh Atlantic salmon to China in 2023. Additionally, China exported 56,900 tonnes of frozen Pacific salmon fillets in 2022, with the US being the largest supplier.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China imported more than 80,000 tonnes of whole fresh Atlantic salmon worth $1.03 billion in 2023, up 63% in volume and 44% in value compared to 2022, according to trade data. China also had a record first quarter for salmon imports this year. “Consumer awareness of salmon is growing, and the younger generation is becoming the main consumer group,” said Cui He, president of the China Seafood Processing and Trading Alliance (CAPPMA). - More and more salmon dishes are appearing in restaurants. Local cuisine using fish is developing in the regions.” Online retailer JD.com reports that the majority of salmon buyers are married women aged 25-45 with children, mainly in southern China. However, per capita salmon consumption in the country remains low at 0.06 kilograms, indicating potential for growth. “Whether it is imported or domestic salmon, the trend of the Chinese market to vigorously expand is inevitable,” said CAPPMA's Cui. Companies such as Dalian Rich Group and Shanghai-based ...
Source: Fishretail

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