The global Atlantic salmon production will reach 3 million tons

Frozen Whole Atlantic Salmon
Market & Price Trends
Published Oct 28, 2023

Tridge summary

Norwegian salmon production is expected to decrease in 2022 but will rebound and increase in the following years. Chile's salmon production is also projected to increase initially but may decline in 2025. Other countries, including Australia, Ireland, US, and Iceland, expect significant growth in salmon production. Turkey's salmon exports have seen a substantial increase, with an 18% increase in volume and a 7% increase in value compared to the previous year. The spot prices of farmed Chilean salmon have experienced fluctuations, with prices in the US decreasing but increasing in the Brazilian market. Overall, salmon prices are expected to remain lower in 2023 compared to previous years, but the gap has narrowed. The average price of fresh Chilean salmon exported to China has increased.
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

Norwegian salmon production in 2022 will decrease by 1.1% but is expected to increase by 0.5% in 2023, reaching 1.52 million tons; In 2024, it will increase by 3.7% to 1.58 million tons; by 2025, it will increase by 4.9% to 1.66 million tons. Chile's salmon production in 2023 is expected to increase by 0.2% to 759 thousand tons and in 2024 increase by 2% to 774 thousand tons. However, it could decrease by 1.8% by 2025 to 760 thousand tons. Other countries, including Australia, Ireland, US, Iceland, predict growth rates of 15% in 2024 and 14% in 2025. Overall, the salmon industry is trending positively, with growth expected to be 4.3% in 2024. and 3.9% in 2025. In the first 9 months of 2023, Turkey's salmon exports reached 43.6 thousand tons, equivalent to 289.2 million USD, an increase of 18% in volume and an increase of 7% in value compared to the same period in 2022. Exports to 41 countries, especially salmon exports to Russia increased by 54% in volume and 24% in value, ...
Source: Vinanet
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