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    Home > Food News > Food Articles > Chile's salmon exports to China in the third quarter increased by 300% year-on-year

    Chile's salmon exports to China in the third quarter increased by 300% year-on-year

    • Last Update: 2022-12-29
    • Source: Internet
    • Author: User
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    According to the latest report by the Consejo del Salmón, Chilean salmon exports reached US$1.
    536 billion in the third quarter of 2022, an increase of 31.
    2%
    year-on-year.
    Among them, Chilean salmon exports to the four major markets of the United States, Japan, Russia and China have increased
    .
     
    Chile's "Three O'Clock" reported that in the third quarter of this year, Chilean salmon exports to China reached $73 million, an increase of three times
    from $18 million in the same period last year.
     
    Joanna Davidovich, Executive Director of the Chilean Salmon Council, said: "Chilean salmon exports have been high this year, even above pre-pandemic levels, driven by solid demand around the world
    .
    However, the cost of salmon companies has also risen sharply, mainly due to
    higher oil prices, higher freight costs due to logistical difficulties, and higher costs of raw materials for the production of feed.
     
    On the other hand, the United States consolidated its position
    as the largest market for Chilean salmon exports.
    In the third quarter, Chile's salmon exports to the United States increased by 29.
    3%
    year-on-year.
    As of September 2022, the U.
    S.
    accounted for 45.
    7% of Chile's total salmon exports, up from 36%
    in 2019, before the pandemic.
     
    So far, Chile's salmon exports to the United States have increased
    year-on-year for six consecutive quarters.
    Matias Caamaño, research director of the Chilean Salmon Council, said this was driven by the high demand for salmon in the US market since the beginning of 2021, during which the penetration of different salmon products in the US market increased and the retail channel of products was consolidated
    .
     
    At the same time, Chilean salmon exports to Japan and Russia in the third quarter also showed a year-on-year upward trend
    .
    In particular, Chilean salmon exports to Russia increased by 101.
    3% year-on-year, breaking the two-quarter year-on-year decline caused by the Russian-Ukrainian conflict
    .
     
    "In today's volatile and uncertain world economy, the Chilean salmon industry needs to establish a long-term growth strategy to ensure sustainable and competitive development of production activities, knowing that the salmon industry is the engine
    of economic and employment growth in southern Chile," said Davidevich.
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