Food prices have been blamed for a rebound in inflation in China, to 3.6 percent in March from a low of 3.2 percent in February. A weakening of China’s import growth, meanwhile, has led to concern that demand in China is softening.
Seafood prices increased 11.4 percent year-on-year in March, compared to a 7.5 percent rise in February. A 13.2 percent rise in January is easily explained by a spike in Chinese New Year demand. However, price increases had ebbed each month since, from a 15 percent rise in July 2011 to a 9.7 percent rise in December.
A local seafood trade body sees the price rises as seasonal rather than an indication of deeper economic malaise. Speaking to SeafoodSource, Cui He, deputy secretary general of the China Aquatic Products Processing & Marketing Association (CAPPMA), said the figures reflected seasonal patterns in consumption and supply.
Cui believes the “short period of supply,” especially for product from local fish farms, caused prices to grow 11.4 percent in March, compared to the 7.5 percent rise recorded in February. Cold weather, particularly in China’s northern regions, tightens supply in January and February, said Cui.
“Also remember only 30 percent of China’s [seafood] consumption is made up of [wild-caught fish], the rest of the supply comes from aquaculture,” he explained.
Seafood prices appear to mirror seasonal trends in other key food categories. Vegetable prices posted a 20.5 percent gain in March, though fresh fruit prices contracted by 6.2 percent. Meat and poultry prices increased 11.3 percent in March, continuing a monthly decline from a 33.6 percent rise in July 2011. Prices did, however, spike in January, by 18.7 percent, compared to a 16.6 percent rise in December, suggesting the effect of weather and Chinese New Year demand also driving up seafood prices.
“The supply crunch was particularly obvious in northern China in this period [January to March],” said Cui. He said he expects a dip in prices with the onset of warmer weather in April.
Seafood consumption is also seasonal. Cui explained that there’s usually a drop-off in April, prompting lower prices, and a pick-up in May, which brings a May Day holiday and more restaurant trade.
China’s government has made taming inflation within 4 percent a central priority of 2012 and has tamed credit growth accordingly, limiting liquidity from state-owned banks, for example. While seafood prices are likely to fall in April, Cui warns that rising input costs in 2012, particularly in the form of climbing oil prices, may keep prices high.
Other recent data has sparked concern that demand in China may be cooling. The General Administration of Customs released figures earlier this week that showed weakening exports and imports. While China recorded a surplus of USD 5.35 billion in March, compared to a deficit of USD 31.48 billion in February, its exports jumped 8.9 percent year-on-year in March to USD 165.6 billion, while imports were up 5.3 percent percent to USD 160.3 billion, compared to 39.6 percent growth in imports in the previous month.
This slower pace of growth worries Chinese policymakers as it reflects weaknesses in the local processing sector — a large portion of China’s import figures are made up of materials for processing plants for re-export.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
(vasep.com.vn) Changing markets, shifting buyer demand, and increasingly complex trade barriers are raising a key question for Vietnam’s seafood industry: Where will the new growth opportunities lie in 2027–2029?
(seafood.vasep.com.vn) As of the end of August 2026, Vietnam’s tilapia exports to the United States reached $21 million, representing a steep 48% year-over-year decline and accounting for 23% of the country's total tilapia export turnover. Frozen fillets accounted for 78% with the remainder consisting of whole frozen tilapia and frozen cuts.
(seafood.vasep.com.vn) After a volatile first half of the year, Vietnam’s pangasius exports to Brazil registered robust growth in July and August 2026. In August alone, export turnover reached $19 million, surging 73% compared to the same period in 2025. Cumulatively for the first eight months, total export value reached $124 million, reflecting an 8% year-over-year increase.
(seafood.vasep.com.vn) Besides modifying their boats, many fishermen in Dak Lak province are making efforts to venture out to sea to harvest seafood during the rough sea season.
(seafood.vasep.com.vn) At the Responsible Seafood Summit and TCRS Shrimp Summit 2026, organized by the GSA (Global Seafood Alliance) in Bangkok, Thailand, the conversation about the future of the shrimp industry began with one of its most important foundations: seedstock quality.
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