No Russian at all: China exports 50% black caviar on the world market

The PRC only exported 276 tons of black caviar last year. The main buyers are the EU and the US. Although one of the symbols of Russia is black caviar, the aggressor country has not been a leader in export of this delicacy for a long time. The total production of caviar in China accounts for more than half of the world production. About it reports South China Morning Post.

According to the International Trade Center (MTC), China exported 276 tons of caviar on the world market in 2023, which is 3 percent more than a year earlier, and almost twice as much as in 2019, when 140 tons were exported. For prices about $ 300 per kilogram, which is 4 percent more than the previous year, the export of Chinese caviar in 2023 brought $ 82. 7 million, which is about 40 percent of the world market.

"Initially, our caviar has caused concerns about foreign buyers because of the predominance of pricing over the quality of Chinese foodstuffs. However, due to its excellent quality, competitive prices and exclusive customer service, Chinese caviar has been gaining an increasing share of the world market in recent years," Van Bin said Hangzhou Qiandaohu Xunlong Sci-Tech, which sells the popular Kaluga Queen brand.

In 2018, when the trade war between the US and China intensified, Washington introduced a 25 percent additional tariff for a number of Chinese goods, including caviar. As a result, according to the US Government, the price of Chinese caviar "with payment of duties on export" increased by about 30 percent and amounted to 293 US dollars per kilogram in 2019. But China remains the most important source of caviar in the US.

According to official trading data, in 2023, 60 percent of caviar imported in the United States came from China. Although caviar because of its long -standing luxury delicacy does not fall on most plates, quality is of paramount importance for its target consumers. Van Bin said that technological breakthroughs made it possible to breed unique sturgeons that give more caviar with faster ripening, which improves quality and productivity. Interestingly, in China, black caviar is not popular.