On-the-Ground Updates

The Price of Chilean Salmon and Trout Increase by 37% YoY in the First Half of 2022

Frozen Trout
Market & Price Trends
Carlos Palma
Published Aug 1, 2022
According to figures provided by InfoTrade, Chilean salmon and trout export sales during the first six months of 2022 totaled USD 3.2B, representing a 32.7% YoY increase. The United States remains the largest customer of Chilean salmon, where a total of USD$1.5 billion worth of salmon shipped during the first six months of 2022, signifying a 37.5% YoY growth.

The average price of salmon and trout exports in January-June 2022 increased by 37% compared to the same period in 2021, reaching a price of USD 9.81/kg. The highest sales price for salmon and trout exports is observed in the United States at USD 12.66/kg, representing a 32% increase YoY. On the other hand, shipments of salmon and trout during the first six months of 2022 totaled 330.2K tons, representing a 3.2% YoY decrease in volume.

Chile exports salmon to over 70 countries, but 98% of exports get delivered to 25 countries. During the first six months of 2022, the countries that increased their YoY export demand the most are Indonesian 815%, South Korea with 572%, Singapore with 171%, China with 141%, the Philippines with 106%, Spain with 104%, Thailand with 80%, and Taiwan with 77%. On the contrary, due to the complications of the Russia-Ukraine conflict, the salmon demand in Russia dropped by 42% during the first half of 2022.
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