Imports of king crab and snow crab continued to grow in China, while that of Dungeness crab declined

Although China is currently facing ongoing economic challenges, with consumer spending accounting for only about 40% of gross domestic product (GDP), lower than some countries and regions (50-75%), there is still strong market demand for luxury goods such as king crab and snow crab among people with disposable income. According to statistics from China Customs, the number of live crabs imported from Russia in the first half of the year reached 14,961 tons, a year-on-year increase of 14%, and the average price was $35.42/kg, a year-on-year increase of 3%. Starting in July, the number of crabs shipped from Russia to major ports and cities in China reached 1,000 tons per week. On July 1, the red king crab in the Barents Sea officially started to be caught, and the red king crab in the Russian Far East also started to be caught in mid-August. As of August 28, about 560 tons of new season red king crabs were shipped to China. But on the other hand, the import volume of Dungeness crab ...