Mitten Crab
China's imported crab market performed well in 2024, mainly due to the following key factors:
High growth trend:
China's imports of live crabs from Russia increased by 58% year-on-year to 5,543 tons in the first two months of 2024, showing strong growth momentum.
Increasing market demand:
Consumers are increasingly interested in imported live seafood, especially king crabs, whose imports increased by 25% year-on-year to 7,600 tons in the first quarter of 2024.
Price fluctuations and challenges:
Despite the increase in imports, the market is highly competitive and prices fluctuate greatly. Many importers are facing losses, especially small and medium-sized importers.
Supply and transportation:
Imports of frozen crabs from Russia and other countries such as Chile and Canada have increased, but imports of frozen crabs from Russia have continued to decline. In addition, the opening of new freight routes has improved transportation efficiency, although the mortality rate of land transportation is relatively high.
Overall, although China's imported crab market faces some challenges in 2024, the overall growth trend is obvious, and market demand is strong, especially for king crabs and other types of live crabs.
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