Consumption Rates are Soaring in the Asian Seafood Industry
Seafood Expo Asia is the way to reach China and the rest of Asia. With its duty-free port status, Hong Kong is the essential location to do business and reach the rest of Asia. A critical trade hub, 30-40% of all seafood imported into Hong Kong is re-exported to other countries (source: Hong Kong Tourism Board).
China is one of the largest seafood markets in the world! With middle class incomes on the rise, China’s appetite for seafood is shifting and increasing rapidly, and consumers become more conscious of quality and taste. Seafood Expo Asia welcomes exhibitors from across the globe who wish to cater to this insatiable market. Seafood consumption in China is expected to climb from the current 12 KG per person to 36 KG in 2020 (source: Food and Agriculture Organization).
About Hong Kong
Hong Kong on its own is a powerful market with a myriad of opportunity. Hong Kong is home to more than 7.3 million people and enjoys a growing and competitive seafood market with a total value of $2.55 billion of imported fish and seafood products (source: Hong Kong import trade statistics – World Trade Atlas/Hong Kong Census and Statistics Department). The region’s seafood market comes primarily from international resources due to its extremely high levels of seafood consumption and the declining domestic seafood industry.