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Trade Tracker: Atlantic salmon import value increases 19 percent

Canada, Chile, Norway top exporters to U.S. market

August 01, 2013

U.S. farmed salmon imports totaled more than $800 million over the first five months of the year. Comparing the corresponding time period from last year, that’s a 19 percent upward shift. Fresh fillets are the most popular salmon product form imported, and one of the fastest growing in the last year. Coming in second are fresh whole farmed salmon.

The top country of origin for Atlantic salmon imports is Chile, followed by Canada and Norway. In the last 12 months, 50 percent of the farmed salmon imports have been from Chile worth a total of  $876 million, and 28 percent have come from Canada worth $494 million. Norway accounted for 8 percent of farmed salmon imports worth $136 million. Other leading sources include the Faroe Islands and the United Kingdom (Scotland).

With the uptick in the amount of Atlantic salmon being imported, the cost of transporting the goods by air and by sea has also increased. The overall price per kilogram (kg) so far this year is almost $8, up from last year’s price of $7 per kg. Still, the price is down from $8.40 per kg in 2011.

Zepol Corp. of Minneapolis provides up-to-date U.S. trade data through several subscription tools: TradeIQ™ is a U.S. Customs import bill of lading database utilized to find information about competitors, suppliers, prospects and the products that they use, market or transport. TradeView™ provides U.S. Census data to visualize the U.S. import and export market. ComplianceMonitor™ is a comprehensive tool that proactively alerts users of essential U.S. import trade compliance information. For more information, visit www.zepol.com

Find other SeaFood Business articles discussing salmon imports here.

     August 2013 - SeaFood Business

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