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S.
retail seafood salesin January, with rising prices weighing on consumer purchases in nearly every category, including salmon and shrimp .
According to new data released by IRI and analyzed by the state of Texas, fresh seafood prices per unit rose an average of 10.
8% to $8.
92 (7.
85 euros) in January, with fresh finfish prices rising 17.
2% above average
.
8% to $8.
92 (7.
85 euros) in January, with fresh finfish prices rising 17.
2% above average
.
Frozen seafood was priced at $9.
94 (€8.
75) per unit, up 10.
2% from January 2021
.
Shelf-stable seafood saw the lowest price increase, rising 7.
2% per unit
.
94 (€8.
75) per unit, up 10.
2% from January 2021
.
Shelf-stable seafood saw the lowest price increase, rising 7.
2% per unit
.
Total seafood retail sales reached $1.
65 billion (€1.
45 billion) in January, with sales of frozen seafood exceeding fresh sales
.
Frozen seafood sales reached $737 million (€649 million) in January, down 1% from January 2021, but volumes were down 10.
6%
.
Fresh seafood sales were $666 million (€586 million), down 7.
3% in sales and 16.
2% in volume
.
Meanwhile, shelf-stable seafood sales fell 1.
6% to $250 million (€220 million), with seafood sales down nearly 7%
.
65 billion (€1.
45 billion) in January, with sales of frozen seafood exceeding fresh sales
.
Frozen seafood sales reached $737 million (€649 million) in January, down 1% from January 2021, but volumes were down 10.
6%
.
Fresh seafood sales were $666 million (€586 million), down 7.
3% in sales and 16.
2% in volume
.
Meanwhile, shelf-stable seafood sales fell 1.
6% to $250 million (€220 million), with seafood sales down nearly 7%
.
Despite the decline, sales of canned and bagged seafood were 6.
9% higher than in January 2020
.
Sales of shelf-stable tuna amounted to USD 181 million (EUR 159 million) and accounted for more than 72% of all canned and bagged seafood sales
.
9% higher than in January 2020
.
Sales of shelf-stable tuna amounted to USD 181 million (EUR 159 million) and accounted for more than 72% of all canned and bagged seafood sales
.
Fresh seafood feels price pressure
In the fresh seafood category, dollar sales of finfish edged up 0.
9%, but shellfish sales declined 18.
6% compared to January 2021
.
9%, but shellfish sales declined 18.
6% compared to January 2021
.
Anne-Marie Roerink, president of 210 Analytics, said: “However, it is important to remember the excellent performance of shellfish in 2020 and early 2021 – which has created a very difficult path for continued growth
.
Compared to 2020, fish Seafood and shellfish are still far ahead in sales and volume
.
”
.
Compared to 2020, fish Seafood and shellfish are still far ahead in sales and volume
.
”
From $176 million (€155 million) in sales in the first week of January to $57 million in the last week of the month, fresh seafood sales fell 32% to $119 million (€104 million)
.
This may be a clearer sign of the effects of worsening inflation
.
"This phenomenon could signal further stress in February," Roerink said
.
.
This may be a clearer sign of the effects of worsening inflation
.
"This phenomenon could signal further stress in February," Roerink said
.
According to the U.
S.
Bureau of Labor Statistics, the consumer price index rose 7.
5% in the 12 months through January 2022, the most in 40 years
.
S.
Bureau of Labor Statistics, the consumer price index rose 7.
5% in the 12 months through January 2022, the most in 40 years
.
General out of stock
In addition to inflationary pressures, retailers are selling fewer types of seafood
.
Roerink said various departments across the store are dealing with out-of-stocks and reduced SKUs due to severe supply chain disruptions and constraints
.
.
Roerink said various departments across the store are dealing with out-of-stocks and reduced SKUs due to severe supply chain disruptions and constraints
.
Salmon continued to be the star of the fresh seafood case, climbing nearly 8% despite a slight dip in sales, down 4.
4%
.
Salmon sales accounted for $247 million (€217 million) of total fresh seafood sales of $666 million (€586 million)
.
4%
.
Salmon sales accounted for $247 million (€217 million) of total fresh seafood sales of $666 million (€586 million)
.
Frozen seafood declines severely
January sales of frozen fish, frozen raw shrimp and frozen cooked shrimp fell by 11.
1%, 5.
6% and 15.
3% year-on-year, respectively
.
Frozen fish and frozen raw shrimp prices rose 2.
5% and 0.
9%, respectively
.
Meanwhile, prices for frozen cooked shrimp fell 9%
.
1%, 5.
6% and 15.
3% year-on-year, respectively
.
Frozen fish and frozen raw shrimp prices rose 2.
5% and 0.
9%, respectively
.
Meanwhile, prices for frozen cooked shrimp fell 9%
.
