China is driving a boom in New Zealand seafood exports which hit a record 1.71 billion NZ dollars (1.17 billion U.S. dollars) in the year to the end of March, the Seafood New Zealand industry group said Friday [6 May 2016]. Exports were up 11.4 percent year on year and the strong export growth had accelerated in the first quarter of this year, Seafood New Zealand chief executive Tim Pankhurst said in a statement. “Month on month growth of 18 percent in January over the previous year was even higher at 23 percent in March,” Pankhurst said…Full Article: ECNS.cn May 2016

Key Point

  • Rock lobster and mussels were high valued Chinese imports from New Zealand during the Chinese New Year.

ChinaAg Comments

  • From 2011 to 2014, mainland China’s imports of rock lobster from New Zealand increased from US$59.5 million to US$227.4 million (1,476 MTs to 2,548 MTs). Mainland imports of frozen/preserved mussels from New Zealand increased from US$1.5 million to US$12 million (405 MTs to 1,999 MTs). Mainland imports of whole frozen fish from New Zealand increased from US$78.2 million to US$103.5 million (volumes declined from 55,890 MTs to 54,208 MTs).
  • From 2011 to 2015, Hong Kong imports of rock lobster decreased from US$18.7 million to US$1.1 million (570 MTs to 26 MTs). Hong Kong imports of frozen/preserved mussels from New Zealand decreased from US$6.9 million to US$5.2 million (1,527 MTs to 843 MTs).
  • In January 2014, a seafood exporter from Robe, South Australia, stated that the Chinese New Year market price for rock lobster was around AU$80 (~US$70) per kg.

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