Tridge summary
In 2019, China imported over 95% of Australia's lobster exports, contributing to a value of A$7.3 billion. The imposition of a ban and Australia's efforts to diversify its markets have resulted in a 46% decrease in live lobster exports in 2023. Despite this, there has been a rise in frozen lobster exports. Ferguson Australia, a lobster exporter, is strategically targeting the European market and introducing new products for it. The company also made an appearance at the China International Import Expo in Shanghai.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In 2019, Australian lobster imports to China accounted for more than 95% of Australia's total exports, valued at A$7.3 billion. The ban, along with Australia's shift to other markets, has led to a 46% decline in live lobster exports in 2023. However, frozen lobster exports have increased during this period. Ferguson Australia, a lobster exporter, has been focusing on the ...
Source: Fishretail
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