Japan anticipates steady stream of overseas demand for nishikigoi carp
15:18 JST, December 7, 2022
The government has added nishikigoi carp to the list of key items it will promote to boost exports of agricultural, forestry and fishery products, eying demand for the ornamental fish in Europe, the United States and Asia.
The government will support producers, distributors and other industrial organizations, aiming to boost the export value of carp to ¥9.7 billion by 2025, an increase of 60% compared to 2021.
Carp was the 29th item added to the list of priority export items, which includes beef, rice and apples, among other products.
The inclusion of nishikigoi carp will enable related industry groups to receive support such as debt guarantees.
According to the Agriculture, Forestry and Fisheries Ministry, ornamental carp are popular overseas and can fetch prices in the tens of millions of yen. Niigata Prefecture accounts for half of the domestic production of nishikigoi, which is mainly exported to the United States, Germany, China, and Indonesia.
According to Finance Ministry trade statistics, the export value of ornamental carp is on the rise, having doubled from ¥2.9 billion in 2013 to ¥5.9 billion in 2021.
The government has set a target of raising the export value to ¥9.7 billion by 2025.
The government has positioned expanded exports of agricultural, forestry, and fishery products as a central pillar of its growth strategy, aiming to boost export value to ¥2 trillion in 2025 and ¥5 trillion in 2030.
The annual figure hit ¥1.23 trillion in 2021, exceeding ¥1 trillion for the first time, and is on track to surpass last year’s tally in 2022.
"Business" POPULAR ARTICLE
Current Account Surplus Doubles in ’23
Japan Real Wages Fall at Steepest Pace in 9 Years in 2023
Pressure Mounting for Wage Increases in Shunto Negotiations; Fears about the Response of Struggling SMEs
‘All-country’ Stock Mutual Funds Popular with NISA Investors
Shippers to be Required to Make Plans to Reduce Cargo Waiting Time to Address Logistics Industry’s ‘2024 Problem’
JN ACCESS RANKING
- Current Account Surplus Doubles in ’23
- Japan Real Wages Fall at Steepest Pace in 9 Years in 2023
- Pressure Mounting for Wage Increases in Shunto Negotiations; Fears about the Response of Struggling SMEs
- ‘All-country’ Stock Mutual Funds Popular with NISA Investors
- North Korean Workers in China Riot over Unpaid Wages; 2,000 Occupy Factory, Kill Plant Manager