Japan's scallop exports are strong

Published 2024년 8월 3일

Tridge summary

Japan's scallop exports have seen a surge despite a ban from China, with the US, Taiwan, China, and Southeast Asia becoming more important markets. The average export price of Japanese frozen scallop raw materials increased to 239 yen per kilogram in the first half of 2024, with a notable increase in exports to Vietnam, Thailand, and Indonesia. However, overall exports fell by 52% due to the loss of the Chinese market. The average export price to the US and Taiwan also increased, and the Sea of Okhotsk in Hokkaido is the main supplier of scallops. Overall seafood exports from Japan were down 18% and 23% from January to June 2024, largely due to the zero export of scallop raw materials to China.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Japan's scallop exports have remained strong, with increased exports to the United States, Taiwan, China and Southeast Asia, which are becoming increasingly important markets. Since August 2023, China has imposed a total ban on Japanese seafood due to the discharge of treated wastewater from the Fukushima nuclear power plant in Japan. China was once the largest export market for the Japanese scallop industry, which made Japan eager to diversify its scallop export market. According to customs data from the Japanese Ministry of Finance, the export price of Japanese frozen scallop raw materials averaged 239 yen (1.51 US dollars) per kilogram in the first half of 2024. The average price in June was 278 yen/kg, rising month-on-month for three consecutive months, while the price in March had fallen to a low of 155 yen/kg. By country, Japan's scallop exports to Vietnam increased year-on-year in the first half of 2024. 2078% to 13,075 tons, with an average price of 231 yen/kg, down 49% ...

Source: Foodmate