In 2023, Chilean salmon and trout exports declined, with a significant decrease in silver salmon sales in the Japanese market

Salmon

Frozen Pacific Salmon Fillet

Published Mar 8, 2024

Tridge summary

In 2023, Chile saw a 3.1% increase in salmon and trout exports, totaling 774,531 tons. However, the total export volume decreased by 2.1% to US$6.46 billion due to a 5% drop in average price. Over the past five years, the average export volume of these fish has only grown by 2%, indicating a slowdown in the industry. The United States is the largest market for Chilean salmon and trout, accounting for 32.7% of exports, followed by Japan (17.7%), Brazil (17.6%), and China (5.6%).

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

According to statistics from the Chilean Salmon Council, Chile exported 774,531 tons of salmon and trout in 2023, a year-on-year increase of 3.1%, but the total export volume fell by 2.1% to US$6.46 billion. The association pointed out that last year, the average price of Chilean salmon fell by 5% compared with the previous year, and the decline was more obvious in the second half of the year (especially the last four months), which had a negative impact on the annual export volume. In the past five years, the average export volume of Chilean salmon and trout has grown by only 2%, the average annual growth rate of Atlantic salmon is 1.8%, and the growth rate of coho salmon is 5.6%. The slowdown in growth indicates that the industry’s production expansion has stalled. In 2023, Chilean Atlantic salmon and coho salmon export growth rates are 3.7% and 2.5% respectively. Among them, coho salmon exports reached 184,442 tons, 77% of which are whole fish, and 20% of which are ...

Source: Foodmate