A major Australian producer of abalone, which forms one of the country’s top premium seafood exports to China, opened a new processing plant in South Australia’s state capital Adelaide on Thursday [2 November 2017]. The facility of Yumbah Aquaculture, touted as the largest abalone producer in the southern hemisphere, cost 1 million Australian dollars (771,368 U.S. dollars) and is expected to process more than 600 tons of abalone a year, the company said in a media release…Full Article: ECNS.cn Nov 2017

Key Points

  • South Australia’s Yumbah Aquaculture facility will have an abalone processing capacity of 600 MTs per year.
  • In January 2019, as a result of the China-Australia Free Trade Agreement, China’s import tariffs on Australian abalone will drop to zero.
  • In 2016, Australia exported AUD 85 million [~USD 61 million] worth of seafood products to China, with abalone products comprising 37% (AUD 32 million) of these exports.

ChinaAg Comments

  • In 2016, China (incl. Hong Kong and Macau) imported 2,420 MTs of fresh/chilled abalone (Haliotis spp.)
  • From 2012 to 2016, Australian fresh/chilled abalone exports to China (incl. Hong Kong and Macau) averaged approximately 1,000 MTs per year. Australia’s primary abalone rivals included South Africa and South Korea.
  • In August 2015, it was noted that Rongcheng, eastern Shandong, reportedly produced 44% of China’s kelp, 16% of the country’s sea cucumbers, and 9% of its abalone.

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