Peru and China compete to process wild salmon fillets for export to U.S. market

Published 2024년 4월 2일

Tridge summary

Seafrost and Altamar Foods, seafood processors from Paita, Peru, have begun exporting salmon fillets to the U.S. after processing headless and deveined salmon, primarily from Alaska. Although their current volume is small, they aim to expand their market share in the U.S. by connecting with more buyers. This move comes as the U.S. sees a significant drop in salmon imports from Peru, from 178 tons in 2022 to just 14 tons in 2023, and seeks alternatives to Chinese processors, who have long dominated this sector. The Peruvian companies' entry into the market could reshape the competitive landscape, offering U.S. importers new sourcing options amid changing seafood supply dynamics.

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

Original content

Seafrost and Altamar Foods are two processors headquartered in Paita, northern Peru. Last year they began purchasing headless and deveined salmon, processing it into fillets and exporting it to the United States. The two companies currently process very little wild salmon from Alaska, but they are actively seeking to expand their presence in the U.S. market and have begun discussing business with potential buyers across the country. The United States imported just 14 tons of salmon worth $121,420 from Peru in 2023, down from 178 tons worth $1.4 million in 2022, according to the National Oceanic and Atmospheric Administration. decline. The move by the Peruvian company will compete with Chinese counterparts that have long-established ties in Alaska's seafood industry, and some industry sources said the Peruvian company uses its network and scale advantages to offer competitive ...

Source: Foodmate