Russia ranks first in China’s imports of fresh sea crabs/king crabs and reaches its peak

Fresh Crab

Seafood

Russia

Market & Price Trends

Published Mar 26, 2024

Tridge summary

In 2023, Russia dominates the Chinese market for fresh sea crab imports, holding a 67% market share, significantly ahead of Canada and the United States, with 23% and 8% respectively. Russia's exports to China have surged by 71% year-on-year, reaching 8,600 tons, which constitutes 28% of its total live crab exports. This growth is driven by China's increasing demand for healthy diets and the superior quality and volume of Russian sea crabs. The primary distribution channel within China is through wholesale markets, which then supply to e-commerce platforms, restaurants, and hotels. With trade increasingly tilting eastward and a rebound in demand post-2020-2021, Russia's fresh sea crab exports to China are anticipated to reach their peak in 2023, with expectations of a 7-10% increase in 2024.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In 2023, China's fresh sea crab import rankings, Russia ranks first, accounting for 67%, followed by Canada (accounting for 23%), third is the United States (accounting for 8%), and the remaining 2% is Smaller exporting countries account for 28% of total Russian live crab exports to China in 2023 (8,600 tons, a year-on-year increase of 71%). Yurova pointed out that China's seafood market is currently showing significant growth, driven by the abundance of seafood products and Chinese consumers' pursuit of healthy diets. Yurova said: "The main advantages of Russian products are high quality, large crabs and the ability to supply large quantities in a timely manner." Yurova pointed out that in China, the largest sales channel for live crabs is still the wholesale market, and sea crabs flow from the wholesale market to e-commerce, restaurants ...

Source: Foodmate