Vietnamese crabs in high demand in China

Published 2024년 11월 28일

Tridge summary

As of September 2024, the top five importers of Vietnamese crabs and other crustaceans are China, Hong Kong, Japan, the United States, Canada, and South Korea, accounting for over 96% of the total export value. There has been a significant increase in exports to China, with a 784% surge compared to the previous year, while exports to Japan remain stable. Despite a decline in exports to the U.S. in the last three months, the first nine months still saw an 8% increase in exports. The high quality of Vietnamese crab products, which are antibiotic- and bacteria-free, is contributing to their popularity in these markets, and exports are expected to continue to grow in the upcoming holiday season.

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

Original content

China & Hong Kong, Japan, the United States, Canada, and South Korea were the top five import markets for Vietnamese crabs and other crustaceans as of the end of September 2024, accounting for more than 96% of total export value. In the Chinese market, where live Vietnamese crabs are popular, the export volume of crabs to China in the first nine months of the year soared, increasing by 784% compared to the same period in 2023. In Japan, Vietnam's second-largest import market, crab exports remained at a similar level as the previous year. Currently, seafood consumption in Japan, including crabs and other crustaceans, is at a record low due to high prices. The price of seafood in Japan has increased by 40% in recent years, much higher than the increase in meat prices. Along with China and Japan, the U.S. is also a major market for Vietnamese crab and other crustacean exports, accounting for nearly 23% of total export value. However, export value to the U.S. has been declining for ...

Source: Vasep