Seafoods from Southeast Asia
In 2023, due to Japan's decision to discharge Fukushima nuclear wastewater into the ocean, some countries quickly imposed a total ban on Japanese aquatic products. At that time, the Japanese market believed that with its high-quality aquatic products, they could quickly find new markets and buyers. However, the reality is not as optimistic as imagined.
On September 20, 2024, China and Japan reached an agreement that China will independently test its aquatic products.
High-quality aquatic products from the UK and Northern Europe are directly available on Chinese tables
With the help of cold chain transportation of the Asia-Europe Express, high-quality aquatic products from the UK, Northern Europe and other countries are continuously entering the Chinese market, which not only greatly enriches the table choices of Chinese consumers, but also satisfies their pursuit of high-quality life. The hot sales of these aquatic products have not only driven the development of local fisheries, but also promoted the improvement and upgrading of related industrial chains, creating more employment opportunities and economic growth points for the UK, Northern Europe and other countries.
"The Belt and Road" helps the rise of Southeast Asian seafood
Next are Southeast Asian countries. Vietnam, Thailand, Cambodia, Indonesia and Malaysia have taken quick action to seize market share. Their aquatic products have entered the Chinese market one after another, which not only fills the market gap, but also deepens China's economic ties with these key countries of the Belt and Road Initiative.
As a country rich in marine resources, Vietnam's tra fish, basa fish and various shrimps have quickly been recognized by the Chinese market. Large quantities of high-quality and low-cost aquatic products are continuously transported to major cities and catering markets in China through cold chain logistics, meeting the diverse needs of consumers.
Thailand's aquaculture industry has also ushered in new development opportunities. Thai seafood products such as shrimp, fish and squid have won the favor of Chinese consumers for their freshness and deliciousness.
As one of the world's largest archipelagic countries, Indonesia has rich marine resources. Its tuna, snapper, shrimp and other seafood products are exported to China in large quantities, meeting the Chinese market's demand for high-end aquatic products.
Cracks appear in the high wall of international trade
Seafood products from other countries quickly occupied the market share. In the first half of 2023, Japan's seafood exports were still growing by 7.2%, but by the end of the year, the export value had dropped by 0.8% compared with 2022. In 2024, it plummeted by 19.2%!
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