Japanese scallops seek to diversify export markets

Published 2024년 7월 16일

Tridge summary

Since August of the previous year, Japan has been working to diversify its scallop export markets due to a ban from China, which was once its largest scallop exporter, following issues with Fukushima nuclear power plant wastewater treatment. As a result, Japan has seen a significant increase in scallop exports to Vietnam and Thailand, with volumes of 1,911 tons and 1,201 tons respectively in May, marking substantial growth compared to the previous year. Despite a decrease in overall scallop raw material exports, the average export price for Japanese raw frozen shell scallops has been rising, reaching 225 yen per kilogram in May.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Since August last year, Japan has been keen to diversify its scallop export markets. China used to be Japan's largest scallop export market, but due to the Fukushima nuclear power plant wastewater treatment problem, China imposed a ban and Japan has not exported scallops to China since September last year. The export price of Japanese raw frozen shell scallops averaged 225 yen per kilogram in May, and the price has risen month-on-month for two consecutive months since it bottomed out at 155 yen in March. Japan's exports of whole shell scallops to Vietnam in May were 1,911 tons, up 831% year-on-year, and the average export price was 245 yen per kilogram, down 52% year-on-year, but 75% higher than March and April. Exports to Thailand in May were 1,201 tons, compared with zero in the same period of the previous year, which exceeded ...
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.