OTTAWA: The return of Canadian whole salmon production and the growth of fresh Chilean salmon fillet exports to record levels has pushed US salmon imports over 400 million pounds for the first time, as of November.
At the same time wholesale prices are near three-year-lows in 2015.
An Urner Barry calculation of total fresh salmon imports to the US market — including whole salmon volumes converted into fillet weight in order to bring volumes to an equal weight — showed shipments through November 2015 at a record high 405 million pounds.
This is the fourth straight year of record setting salmon shipments to the US market. It is mostly the result of higher shipments from the US’s two major suppliers: Chile over the last few years and Canada in 2015.
For Chile, US exports reached another record volume through November at nearly 196m pounds. Chile has now increased its fresh fillet shipments to the US by 51m pounds in the last three years, or 35%.Jan8SalmonFilletWeightYTD
Unlike Chile, the 2015 increase in Canadian whole salmon shipments to the US was a rebound for producers after two straight years of sharply lower production; a loss of over 80m pounds of whole fish weight.Jan8PriceChangeImports
Canadian whole salmon shipments as of November 2015 are up about 75% from this time in 2014, 65m pounds higher.
The decline in Canadian whole salmon shipments in 2013 and 2014 kept prices high as overall volumes continued to surge.
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