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The "Golden Era" of China's Fisheries Industry

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2015-08-11
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(Summary description)According to a report by SeafoodNews on July 15th: Fishery industry experts pointed out that the "golden age" of China's aquaculture industry is planned to be no longer brilliant due to increased labor costs and reduced overseas market demand. Because of this, most manufacturers in mainland China are actively updating product. The person in charge of Zhanjiang Asian Aquatic Products Company said that the golden age of seafood development has passed. The company is currently developing relatively stable. In order to better develop its business, the company is strengthening the production of value-added products in order to seek greater profits.

The "Golden Era" of China's Fisheries Industry

(Summary description)According to a report by SeafoodNews on July 15th: Fishery industry experts pointed out that the "golden age" of China's aquaculture industry is planned to be no longer brilliant due to increased labor costs and reduced overseas market demand. Because of this, most manufacturers in mainland China are actively updating product. The person in charge of Zhanjiang Asian Aquatic Products Company said that the golden age of seafood development has passed. The company is currently developing relatively stable. In order to better develop its business, the company is strengthening the production of value-added products in order to seek greater profits.

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2015-08-1141
  • Views:
Information

According to a report by SeafoodNews on July 15th: Fishery industry experts pointed out that the "golden age" of China's aquaculture industry is planned to be no longer brilliant due to increased labor costs and reduced overseas market demand. Because of this, most manufacturers in mainland China are actively updating product. The person in charge of Zhanjiang Asian Aquatic Products Company said that the golden age of seafood development has passed. The company is currently developing relatively stable. In order to better develop its business, the company is strengthening the production of value-added products in order to seek greater profits.

Zhanjiang Asian Aquatic Products Company mainly produces and sells shrimp, sliced ​​and frozen fish products. Its products are exported to the United States, Canada, Japan, South Korea and other EU countries. At present, the company has two processing plants, one is located in Guangdong Province, whose products are mainly supplied to the export market, and the other is located in Zhanjiang, whose products are mainly supplied to the domestic market.

Zhanjiang Asian Aquatic Products Company believes that 1999-2008 is the golden period of China's aquatic products industry, and the company's turnover is increasing at a rate of 50%-100%. However, with the rapid increase in labor costs and sluggish demand in overseas markets, the profits of China's farmed seafood have shrunk severely. For this reason, the company has to increase the production and development of value-added seafood.

According to data from ABN AMRO, China has become an important seafood supplier in the world in the past 20 years, and China will become the world's largest seafood consumer in the next 20 years. Whether it is import trade or domestic production, China's seafood industry is promoting the development of the global aquatic industry.

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