Vietnam: Cheap whitefish dominates the Chinese market

Published 2024년 6월 4일

Tridge summary

Chinese whitefish processors and global exporters of pangasius are capitalizing on the growing demand for these products in China, driven by the expansion of mass-market seafood restaurant chains and the growth of e-commerce. Pangasius is becoming increasingly popular in China due to its lower price compared to domestically produced freshwater fish. However, this trend has negatively impacted domestic tilapia producers. Despite a decrease in Vietnamese pangasius imports to China, the figure is still higher than China's total tilapia exports. China's seafood output in 2024 is expected to increase due to expanded aquaculture area and production efficiency.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Chinese whitefish processors, along with global exporters of pangasius and other low-cost whitefish, are taking advantage of growing demand for these products in China. Expansion trend of restaurant chains Li Zhiwen, deputy general manager of Yangjiang Xincheng Aquatic Producers, shared at a pangasius forum in Wuhan that the current potential for whitefish sales is almost limitless. The strong growth of China's mass-market seafood restaurant chains is a major factor driving this trend. “This trend shows no signs of stopping, as slowing economic growth is likely to continue to drive demand for lower-end whitefish species,” he said. Informal restaurant chains serving cheap seafood dishes are increasingly popular in China. Tai Er, a famous restaurant chain, is expected to open another 100 domestic restaurants and 20 overseas restaurants this year. Meanwhile, Xiao Yu Hao, with its menu of stewed and grilled fish dishes, is also aiming for major expansion. Huang Junben, co-founder of ...
Source: Agriculture

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