China lifted a ban on Norwegian salmons on July 3, which may increase the imports of salmons substantially in the second half of the year. In the first half of 2018, Norway’s salmon export to China increased from 1,088 metric tons in the first half of 2017 to 7,054 metric tons in the first half of 2018, with a growth rate of 548%. Norway's salmon exports to China increased by 544% over the same period last year to reach 443 million kronor (about 366 million Yuan). However, this figure is still relatively small compared with Norway’s total exports of salmons.
In the long run, China's salmon market still has room for growth. According to Bi Siming, the head of the China Office of Norway Bureau of Marine Products and Foreign Trade, in the second half of this year, the export volume of Norwegian salmons to China will be three times more than that of the first half of this year to reach 21,000 metric tons. According to the "2025 Plan" released by the Norway Marine Products Bureau last year, Norway will increase its marine product export to China to 10 billion Yuan by 2025.
Bi Siming said that China is expected to become one of the largest importers of Norwegian salmons in 5 to 7 years. “The sales of Norwegian salmons are growing rapidly. We believe it will continue to grow as the middle class increase. It is estimated that by 2025, China's consumption of salmons will reach 240,000 tons / year.” It can be estimated from this trend that, Norwegian salmon may indeed be able to step down from the high-end ingredients and enter the homes of ordinary people.
You May Like
- Exquisite Food Central Asian cherries well received in China
- Exquisite Food £230M boost for British beef as China agrees market access
- Essential Beverage Oat Milk Is Ready to Conquer China
- Essential Beverage Study: Energy drinks can alter heart rhythm and increase blood pressure
- Optimal Channel How food makers can overcome the clean label 'trust gap'
- Optimal Channel True Italian Taste – Masterclass Guangzhou, 28th May 2019
- Boutique Service beef from Brazil is coming back
- Boutique Service THE WAY TO CHINESE CONSUNERS' HEARTS IS DEFINITELY THROUGH THEIR STOMACHS