Tridge summary
The article provides an analysis of the impact of Covid-19 on New Zealand's seafood exports to China, as reported by New Zealand Trade & Enterprise (NZTE). The report highlights that two waves of the outbreak affected the seafood industry, with the first wave impacting fresh, live, and chilled products, particularly New Zealand rock lobster. China increased its imports of seafood from Southeast Asia and Ecuador while decreasing imports from countries offering premium products. Despite a decline in exports of some seafood products, the market for premium seafood is expected to recover as high-income consumers seek high-quality dining experiences. The article also notes that China has increased inspection of goods entering the country, leading to delays in clearing goods, but the outlook for seafood exports to China remains positive.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
How Covid Hit NZ Seafood Exports to China New Zealand Trade & Enterprise (NZTE) has just released analysis of New Zealand’s seafood exports into China during the upheaval of COVID-19 and it has concluded that 2 separate waves of the outbreak hit seafood – but New Zealand was mostly impacted by the earliest. The first wave affected fresh, live and chilled product and with 99 percent of New Zealand rock lobster going exclusively into the China market had the largest impact. From January to October 2020, food service consumption also dropped 21 percent, compared to 2019. And expenditure by the Chinese on premium seafood took a hit as well. Interestingly, China increased its imports of seafood from Southeast Asia and Ecuador during COVID while countries seen as offering premium product from “clean” waters such as Norway, Canada and New Zealand all decreased. However, with the food service sector recovering, the market in premium product is expected to increase as high-income consumers ...
Source: Fish Focus
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