According to the analyst, in terms of the global consumption of salmon, China has a large share. From 2015 to 2018, China’s salmon consumption growth rate was the second in the world. Specifically, the growth of the frozen market is relatively stable, while the growth of the fresh market is very fast.
According to the analyst, domestic salmon consumption demand is not small, but domestic salmon is relatively difficult to seize the market, because the cost of breeding salmon in China is high, and the quality is not better than imported salmon. Thus, more than 60% of salmon consumption in China relies on imports.
According to the analyst, in 2019, China imported 89,721 tons of salmon, worth USD 782.67 million, with the average price USD 8,723 per ton. Norwegian salmon and Chilean salmon are the two major products in China’s salmon market.
China’s per capita consumption of salmon is currently only 60 grams per year, while Europe’s consumption is about 2 kg, which means that the consumption market of salmon in China is far from saturation, and it still has great development potential. Despite the global supply chain disruption caused by the COVID-19, salmon was relatively less affected because fish cannot be infected with the coronavirus.
However, the report about the new outbreak in Beijing still caused panic among some Chinese consumers and reduced some purchases of salmon. According to the analyst, it is expected that salmon imports in 2020 will be negatively affected, and the original growth rate will be restored after 2021. By 2024, it is estimated that China’s salmon import volume will reach 208.80 kilo tons, about USD 1,841 million.
Moreover, the main categories of salmon imported in China would be fresh or chilled salmon, followed by frozen salmon, and a small number of prepared salmon and smoked salmon. According to the analyst, the main sources of imports will be Chile, Norway, Faroe, and other countries, among of which fresh salmon is expected to mainly come from Norway and Chile, while the frozen salmon is expected to mainly come from Chile.
Readers may obtain the following information from this report:
- Economic Environment of the Salmon Industry in China
- Policies in Imported Salmon in China
- Analysis of Supply and Demand of Salmon in China
- Analysis of Imported Salmon in China
- Analysis of Major Sources of Salmon in China
- Price Trends of Imported Salmon in China
- Driving Forces and Opportunities of Imported Salmon in China
- Forecasts on Imported Salmon in China 2020-2024
Table of Contents
1 Industry Development Environment of Salmon in China
1.1 Definition of Salmon in China
1.2 Economy Environment
1.3 Policy Environment
1.4 About the Analyst
2 Analysis of Domestic Salmon Market in China
2.1 Demand for Salmon in China
2.2 Production and Supply of Salmon in China
3 Analysis of Salmon Imports in China, 2017 -2020
3.1 Total Imports of Salmon in China
3.2 Major Types of Imported Salmon in China
3.2.1 Analysis of Fresh Salmon Imports in China
3.2.2 Analysis of Frozen Salmon Imports in China
3.2.3 Analysis on Smoked Salmon
3.2.4 Analysis of Prepared Salmon
3.3 Average Import Price of Salmon in China
3.3.1 Average Import Price of Fresh Salmon in China
3.3.2 Average Import Price of Frozen Salmon in China
3.3.3 Average Import Price of Smoked Salmon in China
3.3.4 Average Import Price of Prepared Salmon in China
4 Major Sources of Salmon Imports in China, 2017-2020
4.1 Major Sources of Imported Salmon by Country
4.1.1 Major Sources of Salmon Imports in China, 2017
4.1.2 Major Sources of Salmon Imports in China, 2018
4.1.3 Major Sources of Salmon Imports in China, 2019
4.1.4 Major Sources of Salmon Imports in China, 2020
4.2 Major Types of Imported Salmon by Country
4.2.1 Major Sources of Fresh Salmon Imports in China
4.2.2 Major Sources of Frozen Salmon Imports in China
4.2.3 Major Sources of Smoked Salmon Imports in China
4.2.4 Major Sources of Prepared Salmon Imports in China
5 Factors influencing Salmon Imports in China, 2020-2024
5.1 Opportunities for Imported Salmon in China
5.2 Unfavorable Factors of Imported Salmon in China
6 Forecast on Salmon Imports in China, 2020-2024
6.1 Forecast on Import Volume and Value
6.2 Forecast on Categories and Sources of Salmon Imports
Table of selected charts
Chart China’s GDP and per capita Disposable Income of Residents, 2016-Q1 2020
Chart Related Policies about Salmon Imports in China
Chart Circulation Channels of Salmon in China
Chart Salmon Imports in China, 2017-May 2020
Chart HS Code and Commodity of Imported Salmon in China
Chart Imported Salmon by Type
Chart Fresh or Chilled Salmon Imports, 2017-May 2020
Chart Frozen Salmon Imports, 2017-May 2020
Chart Smoked Salmon Imports, 2017-May 2020
Chart Prepared Salmon Imports, 2017-May 2020
Chart Import Price of Salmon in China, 2017-May 2020
Chart Average Import Price of Fresh Salmon, 2017-May 2020
Chart Average Import Price of Frozen Salmon, 2017-May 2020
Chart Average Import Price of Smoked Salmon, 2017-May 2020
Chart Average Import Price of Prepared Salmon, 2017-May 2020
Chart Major Sources of Salmon Imports in China, 2017
Chart Major Sources of Salmon Imports in China, 2018
Chart Major Sources of Salmon Imports in China, 2019
Chart Major Sources of Salmon Imports in China, Jan.-May 2020
Chart Fresh or Chilled Salmon Imports by Country, 2019
Chart Frozen Salmon Imports by Country, 2019
Chart Smoked Salmon Imports by Country, 2019
Chart Prepared Salmon Imports by Country, 2019
Chart Forecast on Salmon Imports in China, 2020-2024
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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