 Home > Food News > Food Articles > U.S. salmon imports continue to grow, even at high prices

U.S. salmon imports continue to grow, even at high prices

 Last Update: 2023-02-02
 Source: Internet
 Author: User

Tags

oxygen tank price

big gap filler

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

According to the National Oceanic and Atmospheric Administration (NOAA), the United States imported 346,531 tons of salmon in the first 10 months of 2022, up 1% year-on-year, and imports were about $4.
5 billion, up 21%
year-on-year.
Imports in October were 28,468 tonnes, up 7% year-on-year, and imports were $451 million, up 9%
year-on-year.

According to industry insiders, these import figures show that the US consumer's love of salmon does not seem to be affected by inflation and recession, and with the Christmas and New Year holidays approaching, US salmon imports are expected to increase
further.

Sebastian Goycoolea, CEO of Florida salmon distributor BluGlacier, a joint venture between Chilean producers Blumar and Ventisqueros, predicts that "NOAA import data for November and December is expected to remain strong, and I think salmon has become a regular food, like chicken today, consumed at home, so the market will be more regular
.
" Of course, this is just my personal opinion
.
”

NOAA data shows that the wholesale price of salmon in the United States continued to decline from April to October, with an average price of $13.
71/kg in April, more than any month in the past three years, falling to $11.
72/kg in October, down 15% from April, but still up 2%
from October last year.

Of course, there is a big gap
in prices between different production areas and different product types.
According to the Urner Barry (UB) Price Index, the price of 2-3lb grade Chilean chilled Trim-D fillet was $5.
95-$6.
15/lb on Dec.
20, down from $6.
65-$6.
80/lb
in April.

Goycoolea said that if costs continue to rise in major exporters (such as Chile, Norway, Canada, etc.
) in 2023, more pressure
will be felt at the end of the supply chain.
But for now, U.
S.
consumers don't seem to be feeling these cost issues, and to be precise, imports are not trending
down in November.

Angel Rubio, senior analyst at UB, said: "In October, the price of Atlantic salmon was comparable to other meat proteins, and there was no decline
in consumption until the New Year.
Many macro indicators suggest that salmon consumption is still positive, people are still spending, spending, spending, the index is within the trend line, even if the price rises, consumers are still willing to pay
.
”

In October, Chile exported 21,259 tons of Atlantic salmon to the United States, accounting for 55% of the US market share, up 12% year-on-year, with exports of $249 million
.
Norway followed with exports of 6,521 tonnes in October, with an export value of US$89.
3 million.

Canada ranked third, with an export volume of 4,817 tons and an export value of 40.
35 million US dollars.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.