Rabobank: Chilean salmon production rebounds rapidly in 2022

The industry generally expects that the annual production of Chilean salmon will drop by about 15% in 2021.
The production cycle is now entering the last quarter of the year.
In the previous second and third quarters, the high market price continued to stimulate producers to collect fish in advance.
It is believed that the trend of sales contraction in the fourth quarter is becoming more and more obvious
.
Gorjan Nikolik, a senior analyst at Rabobank, said that the decline in Chilean salmon production in 2021 was partly compensated by growth in Norway, and other production areas around the world have less incremental growth.
This year's total production has only increased by about 2% over last year
.
Nikolik predicts that Chilean production is expected to rebound sharply in 2022.
Chilean production will begin to recover from the first quarter to the second quarter, and the annual growth rate will exceed double digits, reaching about 12%
.
Nikolik believes that next year's demand in the US market will continue to remain strong, and despite Chilean output growth, prices are unlikely to be strongly impacted
.
Rabobank expects that next year's production growth in Norway will slow down, Chile will rebound rapidly, and the overall global production growth rate will be 4.
1%
.
Salmon priceGorjan Nikolik, a senior analyst at Rabobank, said that the decline in Chilean salmon production in 2021 was partly compensated by growth in Norway, and other production areas around the world have less incremental growth.
This year's total production has only increased by about 2% over last year
.
Nikolik predicts that Chilean production is expected to rebound sharply in 2022.
Chilean production will begin to recover from the first quarter to the second quarter, and the annual growth rate will exceed double digits, reaching about 12%
.
Nikolik believes that next year's demand in the US market will continue to remain strong, and despite Chilean output growth, prices are unlikely to be strongly impacted
.
Rabobank expects that next year's production growth in Norway will slow down, Chile will rebound rapidly, and the overall global production growth rate will be 4.
1%
.