China's Seafood Market and International Trade

Play an AI-generated podcast conversation about this lesson

What is the expected revenue of China's fish and seafood market in 2023?

USD 88 billion (correct)

USD 80 billion

USD 90 billion

USD 85 billion

What is the expected compound annual growth rate (CAGR) for China's fish and seafood market between 2023 and 2028?

10%

8% (correct)

5%

6%

What action did the Chinese government take in response to Japan's discharge of potentially radioactive water in the Pacific Ocean?

Ignored the incident

Implemented trade agreements with Japan

Increased imports from Japan

Banned imports from Japan (correct)

What impact is expected on the seafood market in China due to the ban on imports from Japan?

Shortage of products Signup and view all the answers

What is the expected impact of the Chinese government's ban on seafood imports from Japan?

A decrease in the availability of seafood products in the Chinese market Signup and view all the answers

What was the YoY increase in the volume of imported seafood goods in March 2023?

58% Signup and view all the answers

What was the value of annual imported goods in the seafood sector in 2022?

USD 19.13 billion Signup and view all the answers

What belief is deeply held by the Chinese people regarding diet and health?

Diet and health are deeply correlated Signup and view all the answers

What is China's expected compound annual growth rate (CAGR) for its fish and seafood market between 2023 and 2028?

8% Signup and view all the answers

What is China's revenue value for fish and seafood in 2023?

USD 88 billion Signup and view all the answers

What is one of the main reasons why imported seafood is often considered more nutritious and safer in China?

Higher levels of omega-3 fatty acids Signup and view all the answers

Which country was China's largest seafood exporter in 2022?

Ecuador Signup and view all the answers

What impact is expected on the Japanese fishing industry and the seafood market in China due to Japan's export ban to China?

Increased demand for fish imported from other countries Signup and view all the answers

According to Rosselkhoznadzor, what is Russia's intention in response to the increased demand for fish in China?

To increase the number of certified Russian companies and ships Signup and view all the answers

What factor is likely to lead to an increased demand for alternative seafood options in China?

Health concerns related to seafood from the Pacific area Signup and view all the answers

What was the export value of Japanese seafood to China as of July 2023?

$10 billion (JPY 1.5 trillion) Signup and view all the answers

What is the main focus of positive feedback from seafood buyers on Chinese e-commerce platforms?

Deliciousness and freshness Signup and view all the answers

Which country ranks sixth as an important partner in the Chinese seafood market?

Canada Signup and view all the answers

What do Chinese consumers consider as one of the main benefits of imported seafood?

Stricter quality control Signup and view all the answers

What is the expected impact of Japan's stop on the Chinese seafood market?

Noteworthy setback for the Japanese fishing industry and important shortage for the recovered seafood market in China. Signup and view all the answers