Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
Chinese whitefish processors, as well
as exporters of pangasius and other low-cost whitefish globally, are
capitalizing on increased demand for the products in China as informal dining
chains and e-commerce services expand both domestically and abroad.
Li Zhiwen, the deputy general manager
of Yangjiang Xincheng Aquatic Producers, said during a pangasius forum in Wuhan
that the potential for whitefish sales
is practically infinite at the moment, amid the rise of Chinese mass-market
seafood restaurant chains. He said the trend is showing no signs of
stopping, as softer economic growth is likely to continue driving demand for
lower-end whitefish species.
Informal dining chains serving lower-priced seafood
dishes have become increasingly popular in China.
A major reason why restaurants are
finding now a good time to expand is that sales in China’s dine-out sector have
skyrocketed since Covid-19 regulations were lifted in the country.
It’s not only restaurant expansion that
is driving the demand spike for whitefish, though.
China’s e-commerce channels have
facilitated demand for firms processing lower-priced seafood species. The rise of Chinese e-commerce, on the back
of huge user numbers and low-priced goods, has enabled key players like Alibaba
and Temu to expand into other Asian markets.
Capitalizing on this ever-growing sales
avenue, grilled fish specialist Guangdong Mingji Aquatic Products is doubling its catfish production capacity with the aim of growing its exports and
selling to regional consumers through cross-border e-commerce, according to
Guangdong Mingji Aquatic Products Chairman Zheng Zhuofeng.
This expansion of both e-commerce and dining chains
spells good news for producers of key species such as pangasius and catfish
Zeng Lin Bin, head of domestic market
promotion at Guangdong Evergreen, said the pickled and grilled fish restaurant
trade is worth over CNY 1 trillion (USD 140 billion, EUR 130 billion) a year,
largely thanks to the expansion of franchised chains.
However, though
demand is high, increasingly intense competition in the processing sector has
driven down the price paid for fish. As producers are being squeezed by
lower prices for their fish, they are also running into rising feed prices,
requiring them to pursue alternate strategies, such as species diversification.
