November 5-7, 2014    Qingdao International Convention Center, Qingdao, China

Sea Fare's China Fisheries and Seafood Expo now 2nd largest global seafood trade show

SEAFOODNEWS.COM [SCOM]  Oct 15, 2014

The China Fisheries and Seafood Show, which will open in Qingdao this year on November 5th, is the now the second largest seafood exhibition in the world, after Diversified's European Seafood Expo.

According to the overseas organizers, Sea Fare Expositions, the show sold out again this year even after adding more halls and national pavillions.  Total exhibit space is now over 25,000 suqare meters, and 25,000 visitors are expected from over 100 countries.  

A number of Dutch Seafood companies will have a pavillion at the show for the first time.  Read More

Sea Fare says that China's soaring demand for imported seafoods is fueling this growth, and this is born out in discussions with companies who will have representatives at the show. They will be gauging Chinese demand this year for such imported products as salmon, lobster and crab.

“For the foreseeable future China will need a lot more seafood to meet its demand,” says Peter Redmayne, President of Sea Fare Expositions. “One of the more exciting trends is that Chinese companies are using ecommerce to sell imported seafood directly to consumers. China’s ecommerce sales dwarf that of the U.S. and this gives Chinese consumers an alternative to ordering seafood at high-priced restaurants.”  
 
He also notes that 100 million Chinese tourists are now traveling abroad each year and when they eat out they acquire an appetite for seafoods they also want to be able to enjoy back in China.
 
Last year China’s reported seafood imports reached $8.6 billion, an increase of about 10 percent over the previous year. The actual value of China’s seafood imports is much higher, however, as large volumes of imported seafood enter the China market through Hong Kong and Vietnam and are not reported. 

US lobster exports to China continue surge through August

October 15, 2014, 5:17 pm

Year-on-year US lobster exports to China continued surging in the first eight months of the year while exports of the shellfish to Canada dropped markedly.

Exports of lobster products to mainland China jumped 79% y-o-y to 2,858 metric tons from 1,597t while exports to Canada dipped 27% to 9,701t from 13,372t, US National Marine Fisheries Service data show.

Overall lobster exports were down 3% to 23,222t from 23,976t.

In a similar fashion to January-July data, figures from the most recent period showed rising exports to China helping keep overall lobster export declines in check.

China’s burgeoning middle class is helping boost sales to the nation, as demand in Asia has put upward pressure on prices.

Even though overall lobster exports are down this year through August, the dollar value of those exports has risen 17% to more than $310 million from $264m last year through August.

Lobster rices in the month to Oct. 3 have risen around $1 a pound, in part on strong demand during some recent Asian holidays Undercurrent Newshas previously reported.

Thanks to rising demand in China, where the American lobster market is increasingly competitive, Zhangzidao Group is seeing a 10% increase in lobster sales this year over last year.

In July, the Dalian-based group sold 6,000 Boston lobsters, at 9,000 pounds, in three days during a sales event on Chinese e-commerce giant Alibaba.

The company has been gearing up for China’s annual online shopping bonanza day — Nov. 11 — when it will launch its “One million lobsters” sales event.

In 2012 and 2013, high harvests helped push prices to historic lows, opening up markets not only in the US but also in Asia, Undercurrent has previously reported.

China seafood leader sees ‘infinite’ opportunity in domestic e-commerce

October 6, 2014, 6:13 pm

The perhaps still opaque and mysterious growth opportunities of the web are clearly no such thing to Dalian-based Zhangzidao Group, which managed to quadruple its online seafood sales in China this year through September, year on year.

Zhangzidao, which saw sales of RMB2.6 billion ($423.4 million) last year and is one of China’s largest seafood companies, is seeing e-commerce grow by far faster than any other segment, Jiu Chang, manager of the overseas enterprise management department, told Undercurrent News.

According to Jiu, China’s online sales for seafood are set increase by 106% this year over last year.

As for Zhangzidao, the increase looks poised to be even stronger, as the company has sold as much online in the past three months as in the whole of last year.

Read more...

US January-July lobster exports to China nearly double y-o-y

September 18, 2014, 5:35 pm

Matt Whittaker

Rising US lobster exports to China are helping keep declines in overall exports of the shellfish in check as the Asian nation’s burgeoning middle class continues to be a driver of global seafood demand.

In the first seven months of 2014, US exports of lobster products dipped 1.6% year-on-year to 13,420 metric tons from 13,645t, National Marine Fisheries Service statistics show.

But losses were partly offset by a near doubling of exports to mainland China, to 2,413t from 1,230t.

A source at a US lobster processor toldUndercurrent News that the company’s sales to China are 45% higher in pounds this year than last.

“The creation and expansion of their middle class has allowed them to afford products like lobster,” he said, adding that China’s economy now is stronger than economies in some other parts of the world.

Read more...

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