Russian king crabs continue to expand into the Chinese market, and prices will fall

In 2025, major exporters of Russian king crab will continue to focus on China, a key market, even though the trend of falling prices seems to be a foregone conclusion. As one of the leaders in the global king crab market, Russia is injecting new vitality into this huge consumer market by further penetrating the Chinese market, optimizing distribution channels and strengthening its brand image. Russian Crab Company (RCC), Russia's largest king crab fishing company, controls about 30% of the country's fishing quota, or 18,000 tons per year. In 2023, RCC will export 90% of its products to China, of which live crabs account for as much as 80%. This proportion not only reflects the scale and potential of the Chinese market, but also shows the continued popularity of king crab as a high-end seafood product among Chinese consumers. According to the statement of RCC sales representatives at the Qingdao Fisheries Expo, the demand for king crab in the Chinese market has not been ...