Members’ Trade Data Analysis: China July 2020 SummarySeptember 1, 2020
After China had a jump in its June import volumes, July saw the drop that was predicted by Ecuador’s June exports. The full impact of the COVID-19 pandemic on the Chinese shrimp market has become increasingly visible through Q3, and we expect it to continue into Q4. In July 2020, China imported a total of 56,872 tonnes, 23% lower than the previous month (74,715 tonnes).
Chinese imports have dropped from all of their main sourcing countries along with the drop in market demand for (imported) seafood. Demand in China will remain slow in the coming months, due to a general distrust toward imported seafood, specifically shrimp, as well as the ongoing (but slow) recovery of the food service sector.
This summary offers you a sneak peek at China’s Trade Data Analysis for July 2020. Members, find the full report in your library, which includes the breakdown of imports by country and price developments.
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