Squid, or "pota", and prawns are two of the Peruvian products that attracted greater demand by the Chinese market at the China Fisheries & Seafood Expo 2018, the main fair of Asia dedicated to seafood products that took place last November in the city of Qingdao, China.
At this important event, the high quality of Peruvian offerings and their growing demand on the Asian continent were confirmed. There were 18 companies that participated with the support of PROMPERU, four of them doing so for the first time.
A total of 600 business meetings were held, resulting in commercial commitments to the tune of US$ 42 million to be finalized in the following twelve months.
HIGH DEMAND PRODUCTS
Squid is consumed as a snack and is highly sought after, not only in China, but also in South Korea, Russia and Japan. Likewise, prawns were under very high demand at the China Fisheries & Seafood Expo due to their high consumption level in this market. Let us remind ourselves that it was little more than a year ago when the health protocol was signed for the entry of this product into China.
It is noteworthy to mention that between January and October 2018 non-traditional fish exports to China reached US$ 173 million, 33.6% more than in the same period in 2017.
The China Fisheries & Seafood Expo 2018, with more than 29,000 visitors and 1,500 exhibitors from 50 countries, is considered Asia's most important event for seafood products and development technologies.
It is worth mentioning that China has tripled its imports of seafood products in the last six years, according to studies by the United Nation's Food and Agricultural Organization. It has also projected an 80% increase in demand over the next five years, placing this country as the main importer of this sector in the world.