| Fishery Products Annual Report | Fishery Products | Beijing | China - Peoples Republic of | 12/25/2009
China's aquatic production in 2010 is forecast at 51.9 MMT, up three percent over the estimated 50.4 MMT in 2009. Production growth is driven by strong domestic consumption resulting from growing disposable incomes, and export-oriented aquatic processing. As a result of the slow-down in the world economy, total aquatic trade value is expected to decline for the first time in five years to an estimated at $12.9 billion in 2009, down from $13.3 billion the previous year. The United States conti...
Fishery Products Annual Report_Beijing_China - Peoples Republic of_12-22-2009
Jan 13 2009 | China, Peoples Republic of | Annual
Highlight: China's aquatic production in 2009 is forecast at 49.5 MMT, up two percent from the estimated 48.6 MMT in 2008. Production growth is mainly driven by strong domestic consumption due to greater disposable income and export-oriented aquatic processing. Total aquatic trade value in 2009 is forecast to increase moderately from the estimated $13.1 billion with export value at $ 9.7 billion in 2008. The current global financial crisis will likely slow down aquatic import growth for processing and re-export. In 2008, the United States remained China's largest buyer and second largest supplier of aquatic products. The recent opening of U.S. Food and Drug Administration offices in China is expected to strengthen confidence in China's aquatic food products and food safety.
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