Chinese consumers’ appetite for lobsters has given a strong boost to the industry. According to a report released by the Ministry of Agriculture, the Chinese consumed 879,300 tons of lobsters in 2016, an increase of 32.47 percent from 2014…Full Article: ECNS.cn June 2017
- In 2016, China harvested 899,100 MTs of lobsters on 600,000 hectares of land. The resultant sales generated approximately CNY 146 billion (USD 22 billion) in revenue.
- As of early 2017, China’s middle class population was estimated at 240 million (18% of total population). This population is forecasted to rise to 400 million by 2020.
- From 2015 to 2016, Chinese imports of American lobsters increased from 13.1 million pounds (5,942 MTs) to 14 million pounds (6,350 MTs).
- In 2015, approximately 160,000 MTs of lobsters were fished, of which, roughly 55% to 60% were American lobster (Homarus americanus). American lobster is colloquially known as “Boston Lobster” (波士頓龍蝦) in the Chinese market.
Hong Kong Trends