Vietnam’s live crab exports to China increased 6 times year-on-year
Fresh Crab
China
Market & Price Trends
Published Mar 29, 2024
Tridge summary
Vietnam has experienced a remarkable surge in the export of live crabs in recent months, with a significant increase in shipments to China, Hong Kong, and Singapore. China emerges as the largest market, absorbing 82% of these exports. This uptick in demand was particularly notable around the Lunar New Year holiday, leading to an export value of nearly $10 million in February alone. Blue crabs, known for their delicious meat and high economic value, are among the primary exports. The first two months of the year saw Vietnam's crab and crustacean exports nearly double in comparison to the same period last year, with live crabs contributing substantially to this growth.
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 the past two months, exports of live blue crabs and live crabs to Hong Kong, China, have increased 2.2 times to more than 1.6 million US dollars, accounting for 14% of Vietnam's total live crab exports. Mainland China is the main consumer market for Vietnam's live crab products, accounting for 82% of Vietnam's exports of live crab products. The transaction volume has the strongest growth, increasing nearly 6 times compared with the same period last year. The main export product is live crabs. Although the export volume to Singapore is still small, Vietnam and Singapore's live crab exports have also increased five times compared with the same period last year, making it the third largest market after China and Hong Kong. In February alone, Vietnam's live crab exports reached nearly $10 million, likely due to increased demand for live products due to the Lunar New Year holiday in China and other Asian countries. Blue crab is a popular cultured species in some Asian countries such ...
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