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Salmon processing. (Photo: SalmonChile)

Strong rise in salmon exports in 2011

Click on the flag for more information about Chile CHILE
Thursday, February 16, 2012, 04:20 (GMT + 9)

Salmon exports generated USD 2,915 million in revenue for Chile in 2011, 48 per cent more than in 2010, according to Customs figures.

In accordance with a report by InfoTrade for Aqua, Japan was consolidated as the main destination of shipments of Chilean salmon and trout in 2011.

In second place was the United States, with shipments worth USD 704 million, that is to say, 58 per cent more than in 2010.

Following, Latin America, with exports of salmon for USD 414 million, and the European Union (EU), for USD 113 million.

Meanwhile, excluding Japan, shipments to Asia were made by USD 300 million last year, a figure which shows a 96 per cent increase compared to 2010.

The total amount entered in 2011 exceeds the level reached in the best years of the industry: 2007, when exports amounted to USD 2,241 million, and 2008, when they reached USD 2,392 million.

InfoTrade report states that the average price for Chilean salmonids reached in different markets increased by 8.7 per cent, from USD 6.93 in 2010, to USD 7.59 in 2011.

"2011, in particular, was the year of recovery. The fish stocked in 2009 are those that were harvested last year. In general, the fall in volume in 2010 and the first half of 2011 made the global price increase", said general manager of the Association of Chilean Salmon Industry AG (SalmonChile), Carlos Odebret.

"Therefore, the returns on exports also rose. However, the trend shifted from the second half of 2011 and prices moved upward again. That's why the leap was much higher with respect to 2010", said the salmon leader.

The industry expects revenues to keep the trend this year, La Tercera newspaper informed.

"In 2012, production volumes will increase gradually, so that there will be a significant increase", predicted Odebret.

Meanwhile, SeaCorp Seattle President, Alfredo Ovalle, noted that a pound of fresh Atlantic salmon today costs between USD 3.65 and USD 3.75, a level well below the USD 5 that reached earlier this year.

In the case of coho salmon, its price fell 33 per cent since May, when it was traded at USD 7, and it is now at USD 4.50 per pound.

Trout, on the other hand, went from USD 8 per kilo in March 2011, to USD 5.30.

Several salmon farming industry analysts asked by Diario Financiero estimated that the recovery of the Chilean salmon industry will be materialised in 2013 and not this year.

Related article:

- Salmon industry expects to recover production level by 2013: SalmonChile 

By Analia Murias
[email protected]
www.fis.com

 

Photo Courtesy of FIS Member  SalmonChile - Asociación de la Industria del Salmón A.G
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