China is the largest export market for Vietnamese lobsters

Published 2023년 10월 11일

Tridge summary

In the first seven months of this year, Vietnam's lobster imports to China increased by 19% in volume and 1% in value compared to the same period last year. Vietnam currently ranks 14th among China's lobster suppliers with a 1% market share. However, Vietnam's lobster exports to China decreased by 42% in the first eight months of this year compared to 2022. The Ministry of Agriculture and Rural Development has proposed a lobster breeding and export development project with the aim of reaching an export value of $200 million by 2025.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Vietnam Association of Seafood Processing and Exporters (VASEP), according to Chinese customs statistics, in the first seven months of this year, the country’s lobster imports reached 32,358 tons, with an import value of more than 962 million U.S. dollars, an increase of 19% and 1% respectively compared with the same period last year. %. ​ China’s largest lobster suppliers include Canada, the United States, New Zealand, Cuba, India, Brazil, Mexico, etc. ​ Among them, Vietnam ranks 14th in lobster supply to China, with a market share of 1%. Specifically, in the first eight months of this year, Vietnam’s lobster exports to China reached US$76 million, a 42% decrease from the same period in 2022. So far So far, China is still the largest export market for Vietnamese lobsters. ​ Vietnam’s lobster products exported to China include fresh corrugated lobster, flower lobster and blue lobster. ​ According to VASEP, Vietnam's lobster exports to China will reach ...
Source: Foodmate

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.