The global seafood industry is setting sail for an extraordinary event – the 17th Shanghai International Fisheries Expo (SIFSE), also known as the World Seafood Shanghai Expo. This influential gathering is jointly sponsored by the National Federation of Industry and Commerce Aquatic Industry Chamber of Commerce, Shanghai Fisheries Industry Association, and Shanghai Aige Exhibition Service Co., Ltd. Over its 15 successful sessions, SIFSE has risen to prominence as the premier global trade event for aquatic products.
Aligned with China’s strategy of nurturing a new development pattern characterized by domestic and international cycles, SIFSE remains steadfastly aligned with national directives while closely monitoring trends in the domestic aquatic products and catering market. By offering a professional and efficient business platform, complemented by high-quality support services, the expo collaborates with industry peers to champion innovation and foster growth in the aquatic sector.
Scheduled from August 23 to 25, 2023, at the Shanghai New International Expo Centre (SNIEC), the 17th SIFSE is set to uphold its reputation for professionalism and excellence. With a sprawling exhibition area spanning 160,000 square meters, over 4,000 exhibitors, and more than 40 industry exchange activities, the event aims to unite global stakeholders in the aquatic product arena, cultivating meaningful connections and nurturing a balanced supply-demand dynamic in the global seafood trade.
China: The Epicenter of Opportunity
China’s unparalleled size and market potential make it a tantalizing destination for businesses seeking to expand their reach. With a population of 1.3 billion, the country boasts a colossal food and beverage market. Escalating wages and the burgeoning middle class are driving the consumption of imported goods, with striking statistics to back the trend. In 2019, average income levels soared to $14,070, a significant jump from the 2012 average of $6,200.
China’s middle class already outnumbers its US counterpart, with a staggering 109 million individuals occupying this segment. Projections indicate that by 2023, 54% of China’s population will have attained upper-middle-class status. This burgeoning middle class translates into increased purchasing power and amplified export opportunities as China’s penchant for foreign goods, particularly seafood, continues its ascent.
The appetite for seafood is surging in tandem with rising import levels and incomes. To meet this escalating demand, estimates suggest that China needs 6 to 18 million tons of aquatic products annually. In 2019, per capita seafood consumption reached 20 kg, with urban areas eclipsing 40 kg per capita. Importing seafood has become imperative, with China’s seafood imports totaling $15 billion in 2019, driven by concerns over domestic overfishing and environmental impact.
Unlocking SIFSE – World Seafood Shanghai Expo
The allure of SIFSE lies in its vast market potential, fueled by China’s colossal population of 1.4 billion. The China Culinary Association reports that the catering industry’s operating income in 2018 reached a remarkable 42.716 billion yuan, marking a 9.5% year-on-year increase. This upward trajectory is set to continue, with forecasts predicting China’s catering revenue to surpass 7 trillion yuan by 2023, an astounding 716.7 billion yuan surge.
China’s burgeoning middle class and surging wages underscore the potential for heightened consumption levels, driving the demand for imported goods. Real wages surged by 400% from 2000 to 2014. In the first half of 2019, the per capita disposable income of the national population hit 15,294 yuan, enabling even average consumers to access premium imported goods like high-quality seafood.
Shanghai, renowned for its robust purchasing power, leads the pack with a per capita disposable income of 35,294 yuan in the first half of 2019, positioning it as a prime market for high-end seafood. The city’s pivotal role is evident in its significant seafood imports, presenting a golden opportunity for exporters to access a massive market for premium aquatic products.
Exploring Opportunities
The exhibitor profile for SIFSE spans a spectrum of products, ranging from Frozen & Chilled Products and Fish Cake to Fishing Gear, Fish Cultivation Equipment, and Processed Seafood Storage Containers. This comprehensive showcase serves as a hub for innovation and business networking.
With its history of growth and development, SIFSE stands as an authoritative professional exhibition, serving as the preferred platform for overseas companies to tap into the Chinese market. Covering every facet of the industry, from aquatic products and seafood to processing technology and equipment, SIFSE is a treasure trove of possibilities for both exhibitors and visitors.
The expo’s global reach is undeniable, attracting companies from 23 countries and regions in past editions. SIFSE’s international appeal fosters connections and facilitates discussions on industry trends. The event’s special forums, seafood tastings, business matching sessions, and other curated activities offer a holistic experience that goes beyond the conventional exhibition format.
Join Ocean Treasure at SIFSE 2023 – World Seafood Shanghai Expo!
If you crave the taste of authentic French aquatic treasures and seek to engage with a company dedicated to sustainability and excellence, make sure to visit Ocean Treasure’s booth at SIFSE 2023. Experience the finest seafood delicacies and explore potential partnerships with a company that treasures both the ocean’s gifts and its customers’ satisfaction.
SIFSE 2023 will take place from August 23rd to 25th, 2023, at the Shanghai New International Expo Centre. Don’t miss this opportunity to embark on a journey of culinary delights and join Ocean Treasure in shaping the future of the aquatic industry together!
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