North American scallops are attracting attention from Chinese buyers as a substitute for Japanese Hokkaido scallops
Regulation & Compliances
Market & Price Trends
Published Nov 3, 2023
China's suspension of imports of Japanese aquatic products has created a demand gap of 100,000 tons in the scallop market, leading to increased interest in North American scallops. At the Qingdao Fisheries Expo, Chinese importers showed strong interest in Canadian and American scallops, leading to a seller's market for these suppliers. The absence of Japanese scallops in the Chinese market is expected to result in an increase in their sales to Europe and the United States.
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At this year's Qingdao Fisheries Expo, Chinese importers expressed strong interest in North American scallops, and scallops seem to have become a seller's market. A source told UCN: "In the past, Chinese buyers usually purchased Ezo scallops from Hokkaido, Japan, to supplement the lack of domestic production. Since the Japanese seafood ban came into effect, a huge gap has been left in the market. There is no doubt that It’s a seller’s market, with Canadian and American scallop suppliers being the big winners at the show.” Shawn Harding, international business director of Eastern Fisheries, a fishery company in Massachusetts, said: "Many Chinese buyers at the exhibition were very interested in our scallops. Traditionally, China has not been our main market." Harding pointed out that after Japanese scallops withdraw from the Chinese market, they will gradually be sold to Europe and the United States. In the United States, Eastern Fisheries is one of the major ...