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Big price reduction! 4% reduction in 1 month on the market! Crayfish freedom is coming?

author:21st Century Business Herald

In the early spring of March 2024, crayfish have been listed in many places across the country!

As of April 5, the lowest price of crayfish was sold at an average price of more than 20 yuan/catty, and "diving price reduction" frequently appeared on the hot search. Taking a farmer's market in Hangzhou as an example, the price of crayfish at the end of March this year was reduced by 60% compared with the same period in 2023, and the price of Hema fresh fresh crayfish was reduced by as much as 4% after only one month on the market (there are certain differences in stores in different regions).

Big price reduction! 4% reduction in 1 month on the market! Crayfish freedom is coming?
Big price reduction! 4% reduction in 1 month on the market! Crayfish freedom is coming?

At the same time as the price of crayfish rolls has been reduced, many questioning voices have also come, such as "crayfish have fallen out of favor", "sales have fallen off a cliff", "Generation Z doesn't like to eat crayfish anymore", "crayfish restaurants in many places have closed down". According to the statistics of 21 Data Journalism Lab, in the past few years, many star startups and brands in the crayfish track have received multiple rounds of financing of more than 10 million yuan, and now they have also collapsed, or transformed and closed down, or have been operating abnormally.

Big price reduction! 4% reduction in 1 month on the market! Crayfish freedom is coming?
Big price reduction! 4% reduction in 1 month on the market! Crayfish freedom is coming?

For nearly a decade, crayfish has occupied the position of the "big brother" of Chinese catering products. From braised to fried, to spicy, garlic, chilled, thirteen spices, dozens of flavors have been made. From the reckless snacks in the market to the hundreds of billions of Internet celebrity delicacies, the energy of crayfish is so great that it can even set a city on fire.

According to official disclosure data, in 2022, the output value of the tertiary industry of crayfish, which is dominated by catering, has reached an astonishing more than 300 billion yuan, accounting for nearly 70% of the scale of the entire industry. In 2023, the total output value of crayfish is expected to exceed 500 billion yuan, and the aquaculture output will exceed 3 million tons.

Big price reduction! 4% reduction in 1 month on the market! Crayfish freedom is coming?

What's wrong with crayfish? Can you still find the glory of the past? Where does the crayfish industry go? This issue of "21 Finance" will talk to you about the things behind the top crayfish in the national supper.

Planning and production: 21st Century Business Herald official WeChat

21 Data Journalism Lab

Column coordinator: Jiang Peixia

Column producer: Zhang Nan Chen Siying

Copywriter in this issue: Jiang Peixia

Editor of this issue: Chen Siying

Design Coordinator: Lin Junming, Lee Ki-li

Design of this issue: Zheng Jiaqi

Source: Fisheries and Fishery Administration of the Ministry of Agriculture and Rural Affairs, China Aquatic Products Circulation and Processing Association, Xinhuanet, iiMedia Data Center, Qichacha, Wind, public information

For more information, please download the 21 Finance APP

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