Global salmon market in 2023

Published 2023년 6월 15일

Tridge summary

The Scottish salmon industry is seeking new export opportunities and trade barriers removal after Brexit, while investing in research, development, and innovation in aquaculture. Norwegian tax uncertainties are influencing investment and contract signing. Chile's salmon industry is expected to remain strong in 2023, but rising raw material costs are a concern. The US market is unsure of the impact of Norwegian taxes, Canadian hatchery closures, and Chilean production on future contracts. The wild salmon sector is monitoring potential Russian product in global supply chains, given the Ukraine conflict and China's end of COVID zero-tolerance policy. Preliminary projections for 2023 show a doubling of the Russian Federation's Pacific salmon catch from 2022.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Norway, tax uncertainties mean investment caution and the possibility of signing new contracts. The Scottish salmon industry is looking for new export opportunities and removing trade barriers following the UK's exit from the EU. Challenges for the coming year also include increased investment in research, development and innovation in aquaculture. For Chile, there is optimism in the sector that exports will remain buoyant throughout 2023. The sector is expected to continue the trend of strong demand and prices shown in 2022, which will ensure the stability of the industry and long-term growth prospects for the production chain. However, the rising cost of raw materials in world markets is a cause for concern in the future. The US market is closely monitoring all developments that may affect major salmon supplying countries. However, in the face of such uncertainty, it is impossible to predict how this will affect prices and demand. Norwegian taxes, the closure of hatcheries in ...
Source: Fishretail

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