Vietnamese lobsters claw back to prominence in China after temporary dip

Chinese imports of Vietnamese lobster surged 33 times in the first nine months of this year compared to last, reaching US$205.87 million and accounting for 37% of all shipments. Despite overall consumption figures lagging, China’s voracious appetite for lobster remains strong, with overall imports increasing by 40.86% year on year to US$558.24 million, even as import prices decreased by 23%. Analysts attribute this spike to wealthy consumers’ continued demand for high-end foods, as Vietnam’s low import costs make the chitinous creatures more affordable for Chinese buyers.

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