UK: The value of salmon exports from Scotland to Asia doubled in the first quarter of 2023

Published May 25, 2023

Tridge summary

Scottish salmon exports to Asia have seen a significant increase, with the region's demand resulting in a 97% rise in salmon volume and a value of £24 million. Europe remains the primary market, accounting for over half of Scotland's salmon exports, while Asia is the third largest market. There is potential for further growth in North America and Asia, with Salmon Scotland aiming to increase its market share in Europe to 15% by 2026. The organization also emphasizes the need for government review of proposals to support the farmed salmon industry, highlighting its economic significance and potential for job creation amidst rising living costs.

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Original content

HMRC data shows that the value of Scottish salmon exports to Asia has reached £24 million ($29 million, €27 million) in response to growing demand in the region. Strong demand from China, Taiwan, Singapore and South Korea has led to a 97 percent increase in the volume of salmon shipped to the region, according to Salmon Scotland. Total sales to the China and Taiwan market were £12m ($14.8m, €13.8m). “The growing demand for Scottish salmon in Asia is a clear testament to its outstanding quality and taste,” Salmon Scotland chief executive Tavish Scott said in a press release. Europe continues to be the main market for Scottish salmon, with the bloc purchasing £69 million ($85.6 million, €79.5 million) worth of salmon, more than half of £134 million ($166 million, €154 million). million euros) value of salmon exports that Scotland sold in the first quarter of 2023. North America remained the second most important market with 29 percent of all sales of £39 million ($48.4 million, ...

Source: Fishretail