US market now accounts for nearly 50 percent of Chilean salmon exports

Exports by the Salmon Council – made up of AquaChile, Australis, Cermaq, Mowi and Salmones Aysén – in 3Q 2022 rose by 31 percent to reach $1.53 billion, with the US market particularly showing robust performance.

Salmon shipments rose in four of the five main destination markets: the United States, Japan, Russia and China, while exports to Brazil remained stable, according to the report released on Tuesday.

“The United States continues to consolidate itself as the most relevant market for Chilean salmon exports, with an annual growth of roughly 30 percent as of 3Q. In fact, the United States increased its share of the total exported salmon, representing 45.7 percent of the total as of September 2022, compared to this market’s 36 percent share of total salmon exports in 2019 prior to the Covid pandemic,” said the council.

The council attributed the growth in the US market to three factors: high demand since the start of 2021, greater penetration of products of different formats and a consolidation of retail sales.

“Salmon from Chile has performed well both in value and volume of exports. The price levels of salmon exports have decreased slightly from the average of the second quarter of this year, but they are still high,” it said.


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