Peruvian fishmeal imports may decline in 2022. For more information on export to China, please call SINOLOBEN, service Email: sinoloben@sloben.com.
According to customs statistics, China imported 1.84 million tons of fishmeal in 2021, an increase of 28 per cent over 2020, and imports increased by 40 per cent to US $2.75 billion.
James Frank, general manager of Peruvian fishmeal exporter MSICeres, told UCN: "the increase in Chinese fishmeal demand is mainly due to the recovery of the pig industry from non-plague, while the Peruvian fishmeal industry has played an important role in promoting bilateral trade."
Frank said that Peru's first anchovy production season this year will start from April to May, and as of last week, Chinese buyers had ordered more than 145000 tons of fishmeal, with several Peruvian super fishmeal CNF stable at $1,820 at CNY 12150 ($1899).
In 2021, China imported about 1 million tons of fishmeal from Peru, an increase of 56 per cent over the same period last year. Given the current high domestic fishmeal stocks (160000 tonnes at the beginning of this year, compared with about 110000 tonnes in the same period last year, according to IFFO), Frank expects imports to fall by about 10 per cent this year.
In 2021, Peru exported 1.2 million tons of fishmeal, an increase of 44 per cent over the previous year, of which more than 80 per cent went to China.
Frank said that despite strong demand for exports, international freight costs rose sharply, squeezing traders' profit margins. Freight from Peru to Japan increased from $50 / tonne to $170 / tonne, while European freight increased from $80 to $200-300. In addition, many international routes often face problems such as rotation and cancellation, and the available positions are also relatively limited.
At present, Peruvian researchers have gone out to sea to carry out biological research on anchovy, and fishing quotas are expected to be released at the end of March or early April.
Frank revealed that according to research by NASA and oceanographers, a weak La Nina phenomenon was found in Peruvian waters this year, and the water temperature was lower than normal.
Generally speaking, the fishing season will be delayed in cases of abnormal climate, and the authorities will only allow anchovy to spawn before opening fishing.
Consulting service for China's imports & exports, please contact us.
Ms. Linda Li
0086（0）21 3538 3306
sinoloben@thecustoms.com.cn
As food importer & food distributor based in Frankfurt and Shanghai, Sinoloben Europa Trading GmbH helps client export to China and bring your food products to International Expo, e.g. China International Import Expo (CIIE), the world's largest import-themed expo.
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