US imports more salmon fillets in 2023 amid overall decline in seafood demand

Published 2024년 2월 27일

Tridge summary

In 2023, the value of key U.S. seafood imports, including frozen shrimp and crab, fell due to reduced prices and demand, a result of ongoing inflation and overestimated post-pandemic consumer demand. However, fresh or chilled salmon fillets experienced significant growth, with the U.S. importing 218 thousand metric tons worth $2.82 billion. Chile was the primary supplier, with imports growing by 11% YoY, while imports from Norway dropped by 3% YoY. The value of frozen salmon fillets also saw a 1% YoY increase.

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

Original content

The value of many key United States (U.S.) seafood imports, such as frozen shrimp and frozen crab, declined in 2023, primarily due to lower average prices and lower demand. Lower prices failed to stimulate demand for most goods. In fact, demand has declined, putting further downward pressure on prices and contributing to a decline in the value of the U.S. seafood industry. This decline in demand can be attributed to persistent inflationary pressures that have dominated the imported seafood market since 2022. In addition, estimates of consumer demand in 2022 after most pandemic restrictions have eased have been overly optimistic, leading to a glut of many products and a decline in imports. However, the cost of some products increased year-on-year despite the prevailing downward trend. Of these, fresh or chilled salmon fillets stood out, showing the most significant year-on-year value growth in 2023. According to the United States Department of Agriculture (USDA), the United States ...

Source: Fishretail