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Chile: Revenue from salmon on the rise – Fishupdate.com

By systemwyvex - 22nd September 2014

Chile: Revenue from salmon on the rise Published:  25 May, 2006

CHILE’S salmon and trout exports between January and March 2006 revenued 20% more than the same period last year.

This increase in revenues is explained by the better prices obtained in the United States, Japan and European Union, following a very positive marketing campaign and also the significant increase in shipments of value-added products to these markets.

According to SalmonChile, during the first three months of 2006, Japan took a greater part of Chile’s salmonid shipments, which accounted for 42% of total revenues, a hefty US$230 million, and an 8% increase in revenues compared to the same period last year.

The United States also showed an increase of 29% in revenues for the period, mainly due to increased exports of value-added salmon and trout. The US contributed with US$180 million during the trimester, which is 33% of total revenues for the period.

European Union countries also continue to import more salmon from Chile. Between January and March these exports fetched US$54 million, a massive 23% increase over revenues during the same period in 2005, and 10% of total salmonid revenues for the period.

Sales to the Latin American market totalled US$33 million, 6% of total revenues and a positive 39% increase over the former year’s figure. Brazil was the main destination market with US$20 million, followed by Mexico (US$ 5.6 million).

“Other Markets” totalled US$55 million in revenues for salmon and trout exports, which is 10% of total revenues for the period, a hefty 38% increase over revenues for the same period in 2005. Main destination markets for this group were Thailand (US$ 11 million), Russia (US$ 10 million) and China (US$ 8 million).

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