Lobster suppliers compete for the Chinese market

Southeast Asian countries are looking for more opportunities to get their lobsters into the Chinese market. Analysts expect this trend to not only intensify, but become increasingly difficult to reverse as China's ban on Australian rock lobsters lasts longer.

At present, the main source of Chinese rock lobster is New Zealand, accounting for nearly 40% of the total market share, followed by Mexico and the United States, accounting for 20% and 16% respectively. Three ASEAN member states: Indonesia, Thailand and Vietnam, have been trying to capture the demand for rock lobster products in the Chinese market in order to grab a larger market share.