Chinese consumers are facing soaring prices for imported salmon, and that may not be good for long-term market growth, according to Fan Xubing, head of the Beijing-based seafood marketing consultancy Seabridge.<\/p>\n
Exports of fresh Norwegian Atlantic salmon to China increased 67 percent in value year-on-year between January and May 2022, even while dropping 11 percent in volume. That jump is part of\u00a0a global surge in salmon prices\u00a0as many global markets bounce back following years of COVID-19-related dining and public gathering restrictions, according to Andreas Thorud, the Norwegian Seafood Council\u2019s representative in China.<\/p>\n
\u201cIn addition, global developments outside the seafood industry, such as increased inflation and the war in Ukraine, have also contributed to higher food prices,\u201d Thorud told SeafoodSource.<\/p>\n
But Chinese consumer demand for salmon is now weakening, as the higher prices are stamping out any growth in salmon consumption, Fan said.<\/p>\n
\u201cIn China, fresh salmon is 80 percent or more consumed in Japanese restaurants and the very strict control of COVID-19 in [the] first half [of] 2022 in China \u2013 especially in Shanghai, Beijing, Guangzhou and Shenzhen \u2013 restrained the demand for fresh salmon from the HORECA [hotel, restaurants, catering] segment in China,\u201d he said. \u201cThis means Chinese consumers are forced to accept much higher salmon prices. Of course, consumers of fresh salmon are normally higher-income people and they [can] probably afford the high price for a while.\u201d<\/p>\n
In the long run, however, higher salmon prices in China will \u201cdestroy\u201d healthy market demand for salmon \u201cand consumers might shift to other species,\u201d he said.<\/p>\n","protected":false},"author":1,"featured_media":0,"menu_order":6,"template":"","format":"standard","meta":[],"categories":[177],"tags":[329,2089],"region":[28],"source":[1283],"country":[2055],"state":[],"city":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.icsf.net\/wp-json\/wp\/v2\/newss\/95608"}],"collection":[{"href":"https:\/\/www.icsf.net\/wp-json\/wp\/v2\/newss"}],"about":[{"href":"https:\/\/www.icsf.net\/wp-json\/wp\/v2\/types\/newss"}],"author":[{"embeddable":true,"href":"https:\/\/www.icsf.net\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":1,"href":"https:\/\/www.icsf.net\/wp-json\/wp\/v2\/newss\/95608\/revisions"}],"predecessor-version":[{"id":95609,"href":"https:\/\/www.icsf.net\/wp-json\/wp\/v2\/newss\/95608\/revisions\/95609"}],"wp:attachment":[{"href":"https:\/\/www.icsf.net\/wp-json\/wp\/v2\/media?parent=95608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icsf.net\/wp-json\/wp\/v2\/categories?post=95608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icsf.net\/wp-json\/wp\/v2\/tags?post=95608"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/www.icsf.net\/wp-json\/wp\/v2\/region?post=95608"},{"taxonomy":"source","embeddable":true,"href":"https:\/\/www.icsf.net\/wp-json\/wp\/v2\/source?post=95608"},{"taxonomy":"country","embeddable":true,"href":"https:\/\/www.icsf.net\/wp-json\/wp\/v2\/country?post=95608"},{"taxonomy":"state","embeddable":true,"href":"https:\/\/www.icsf.net\/wp-json\/wp\/v2\/state?post=95608"},{"taxonomy":"city","embeddable":true,"href":"https:\/\/www.icsf.net\/wp-json\/wp\/v2\/city?post=95608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}