Japanese scallop exports continue to maintain strong growth momentum

Published 2024년 9월 18일

Tridge summary

Japan's scallop exports in July 2024 increased by 2% year-on-year to 6,465 tons, due to increased exports to Southeast Asia, especially Vietnam and Thailand, following China's ban on Japanese seafood. However, the total value of scallop exports in July fell by 17% year-on-year to 4.41 billion yen. The export of frozen scallop meat in July fell by 17%, but exports to the US in July increased by 192%. The Japanese government has provided a support plan worth 100.7 billion yen to the scallop industry and promoted business negotiation activities to alleviate the impact of the Chinese market ban. The total catch of scallops in Hokkaido, the main production area, was down 1% year-on-year, but the price continues to rise.

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

Original content

According to the latest trade data from the Ministry of Finance of Japan, Japan's scallop exports in July 2024 increased by 2% year-on-year to 6,465 tons. This is the first annual increase in Japan's scallop exports in five months, mainly due to increased exports to Southeast Asia, especially Vietnam and Thailand. However, the total value of scallop exports in July fell by 17% year-on-year to 4.41 billion yen. China market ban drives Southeast Asian demand Since August 2023, Southeast Asian countries have actively sought new scallop supply channels as China has imposed a ban on Japanese seafood due to the discharge of treated water from the Fukushima nuclear power plant. China used to be the largest export market for Japanese scallops, but the ban forced Japan to increase exports to other countries, especially the Southeast Asian market. In July, Japan exported shelled scallops to Vietnam and Thailand. The export volume of scallops in Vietnam reached 3,360 tons and 1,242 tons ...

Source: Foodmate