The next five years could be an exsplosive period for china’s seafood industry and could offer big invesment opportunities. And by 2015 it is expected to grow to 60% “Zhu Changliang, Vice chairman of seafood branch at the All-China federation of industry and commerce, said.
China is the world’s biggest seafood producer, providing 70 % of the global total worth $100 bilion whith about $20 bilion export.
“As demand in western countries has decreased and the yuan has appreciated, China’s seafood industry must gear it’s marketing stategy more toward the domestic market, ” said wang dawei, senior investment manager of the agriculture busines department of legend holding Ltd.
There are more than 10,000 companies in the seafood production industry now in China, but most of them are small players and the next step for the industry will be consolidation of these comapanies.
Source : The Fist Site