What Is the Export Trend?

Australian salmon exports typically remain subdued during the first months of the year, to begin recovering in July-August, reaching their peak in November through January. 

• A significant portion of Australian production is exported, rather than used to supply the domestic market due to price.

• About 35% of salmon production is sent to the export market, typically the export spot market.
  
• Only about 6% of export revenue comes from contracted volume in Asia

• Australian salmon exports almost doubled in value in 2020 and then grew over 40% in 2021. 
  
• Increased exports to China, Indonesia and Thailand drove most of 2021's increase. 

• During the first half of 2022, exports increased by 49% compared with the corresponding period of last year.

• One of the most significant threats to Australian seafood exporters is the current lack of market diversification – there is too much dependence upon a few Asian markets (mainly China)