Processing shift
Since the mid-2000s the share of seafood processing being done in China has decreased as a share of the country’s overall seafood industry but also as a percentage of its inward foreign direct investment. Meanwhile, the domestic share of the value-add in processed goods has continued to increase. This will continue as Chinese processors seek to extract more of the added value on imported raw materials such as seafood. That ultimately means Chinese firms processing seafood for domestic sales rather as well as re-export of higher-value products. This is also set to result in further increased sales for processing equipment suppliers.
