Vietnam becomes China’s second largest fishmeal supplier

Published 2024년 3월 5일

Tridge summary

China's fishmeal imports are projected to decrease by 9% to 1.65 million tons in 2023, with a significant 51% reduction in imports from Peru due to the El Niño weather phenomenon affecting Peruvian anchovy production. However, China is increasing its purchases from other countries like Russia, Thailand, and India by 29% to 1.2 million tons. Meanwhile, Vietnam, China's second largest fishmeal supplier, is expected to boost its exports by 24% to 262,000 tons. The El Niño effect is predicted to weaken by mid-2023, which may allow Peruvian anchovy production to recover.

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

Original content

According to news from SeafoodMedia on February 26, China will import 1.65 million tons of fishmeal in 2023, a year-on-year decrease of 9%. Among them, imports from Vietnam will be 262,000 tons worth US$425 million, a year-on-year increase of 24% and 48% respectively. Vietnam is the second largest supplier of fishmeal imports to China, after Peru. In 2023, due to a decrease in Peruvian anchovy production due to El Niño weather, China's fishmeal imports from Peru decreased by 51%, with an import value of US$430 million. The top five supplier countries also include Russia, Thailand and India. Due to the reduction in Peruvian fishmeal supply, China's purchases from other supplier countries increased by 29% to 1.2 million tons. China imported 124,000 tons of fishmeal from India, which has more than doubled from 2022. Most aquafeed ingredients currently come from fish processing by-products, with one-third of current production coming from aquaculture by-products. ...

Source: Foodmate