Market – September 6, 2022
75-percent rise in salmon exports underpin growth of Tasmania’s Ag sector
Recovery in demand as food service restrictions were eased was key to the 75-percent growth in Tasmania's salmon exports. Photo: Liza Mayer
Tasmania’s farmed salmon industry saw exports rise by 75.6 percent to US$75 million in 2021-2022, making it Australia’s most valuable seafood exporter according to Rural Bank’s new Australian Agricultural Trade 2021-22 report.
“The salmon industry … saw firm growth on the back of a recovery in demand as food service restrictions were eased in key markets and coincided with constrained global supply due to higher freight costs and supply chain disruptions,” local publication The Advocate reported, citing the report.
Overall agricultural exports have hit a new high with almost every Australian state outperforming previous years, while China retains the top spot as the country’s most valuable market, said the bank.
