Increase in Chilean exports Jan-Sep 2019

Chilean exports of Atlantic salmon have gained a strong momentum over the last couple of years, following struggles in the wake of the algal bloom in early 2016, reaching an all-time-high export volume in the first three quarters of 2019.

Amounting to almost 483.000 tonnes (wfe) in January through September 2019, Chilean exports of Atlantic salmon increased by 3% compared to the corresponding period in 2018. The Chilean industry has recovered strongly after the algal bloom in 2016, with 2016 volumes surpassed in 2018. With continued growth in 2019, Chile has never exported more Atlantic salmon during the first nine months of the year.

This corresponds with all-time high harvest volumes. Estimated harvest volumes for Jan - Sep 2019 is approximately up by 8% year-over-year, which means this is the key driver behind the growth in volumes.

There have been large discrepancies between the different markets for Chilean salmon. Supply to the US (main market) over the period amounted to more than 215.000 tonnes, representing a growth of 8% compared to 2018. This was also the market recording the largest growth from Chile. Exports to Japan, the EU and Russia all dropped thus far in 2019, by 3%, 8% and 20%, respectively.

As for Other Markets, exports reached close to 194.000 tonnes, which represents a 6% increase year-over-year. Brazil, the largest importer within this market, saw 8% volume growth thus far in 2019. The runner-up in terms of volume, China, continues to see growth from Chile, albeit fading off a little with a 7% increase this year. Meanwhile, exports to Mexico (third largest among Other Markets) have increased by 9% year-over-year.

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