ChinaTips

27 Oct 2020

ChinaTip #0529

The low price of Boston lobster increases the daily sales volume in the Chinese market by over 30%.

Most of the imported seafood in the Chinese market is still waiting to recover from the sluggish demand from the epidemic, however the sales of Boston lobster have increased substantially since June.

According to statistics from Shanghai Yangjiang Market, the daily sales volume of Boston lobster is about 60-70 tons, a year-on-year increase of 33%. It beat the top two sales of last year-Australian lobster and king crab, and became the most popular choice for recent festivals.

Another thing worth mentioning is that seafood processing services in restaurants have become more and more popular since June this year. According to a popular restaurant in Jiangyang Aquatic Products Wholesale Market, customers can buy seafood and hand it over to the chef to make it in restaurants. The cooking time usually takes about an hour.

One of the main reasons for the popularity of Boston lobster is price. Its high cost-effective positioning is the main reason for the popularity of Boston lobster.

Categories: Shellfish

Tags: price, Boston lobster, Shanghai Yangjiang Market

 

This post was written by: Lily - Senior Analyst

Lily - Senior Analyst

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