Fresh seafood sales at US retail increased in September following months of declines

Published 2024년 10월 21일

Tridge summary

The U.S. retail seafood market experienced a demand recovery in September, with shelf-stable seafood and frozen shrimp seeing the biggest gains. Despite a slight growth in the value and volume of fresh seafood sales, the overall value of frozen seafood sales declined. Prices for both fresh and frozen seafood fell, leading to increased sales values and volumes for some species like fresh and frozen shrimp, salmon, pollock, trout, and cod. However, other species like fresh salmon, crab, and tilapia saw a decline in sales values and volumes. This recovery is credited to Americans spending more on food at home due to the pandemic and lower seafood prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After several months of lagging sales values and volumes, the U.S. retail seafood market finally picked up in September with shelf-stable seafood and frozen shrimp seeing the biggest gains. According to new data from research firm Circana, analyzed by Lakeland, Florida, U.S.A.-based 210 Analytics, the value of fresh seafood sales grew 0.2 percent to USD 611 million (EUR 562 million); sales by volume in the category rose 0.6 percent. Overall frozen seafood sales value declined 0.3 percent to USD 579 million (EUR 532 million), but volumes increased 2.1 percent.Shelf-stable seafood saw the biggest increases in September, with sales values rising 1.8 percent to USD 256 million (EUR 235 million), while volumes increased by 8.6 percent. A 6.2 percent decline in average price to USD 4.90 (EUR 4.51) per pound on average contributed to the volume increase. Frozen seafood prices also dropped 2.4 percent to USD 7.22 (EUR 6.64) per pound on average in the month, as deflation among top sellers ...

Source: Seafoodsource