U.S.: Smoked Salmon Market 2024

Smoked Salmon Market Size in the U.S.

The U.S. smoked salmon market contracted to $X in 2022, with a decrease of -3.2% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Smoked Salmon Production in the U.S.

In value terms, smoked salmon production dropped to $X in 2022. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 19%. Smoked salmon production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Smoked Salmon Exports

Exports from the U.S.

In 2022, the amount of smoked pacific, atlantic and danube salmon exported from the United States skyrocketed to X tons, picking up by 112% compared with the year before. Overall, exports posted a moderate expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, smoked salmon exports surged to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Dominican Republic (X tons), Switzerland (X tons) and Bahamas (X tons) were the main destinations of smoked salmon exports from the United States, together accounting for 66% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahamas (with a CAGR of +54.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for smoked salmon exported from the United States were Switzerland ($X), the Dominican Republic ($X) and Bahamas ($X), together accounting for 66% of total exports.

Bahamas, with a CAGR of +56.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average smoked salmon export price amounted to $X per ton, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 26%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Jamaica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Salmon Imports

Imports into the U.S.

Smoked salmon imports into the United States stood at X tons in 2022, with an increase of 11% on 2021 figures. In general, imports saw a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by 23%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, smoked salmon imports surged to $X in 2022. Overall, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Chile (X tons) and Greece (X tons) were the main suppliers of smoked salmon imports to the United States, together comprising 66% of total imports. Poland, Denmark, Germany, Norway and the UK lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +107.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Chile ($X) and Greece ($X) constituted the largest smoked salmon suppliers to the United States, together accounting for 64% of total imports. Poland, Germany, Denmark, Norway and the UK lagged somewhat behind, together comprising a further 34%.

Germany, with a CAGR of +101.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average smoked salmon import price stood at $X per ton in 2022, with an increase of 8.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 17%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per ton) and Germany ($X per ton), while the price for Norway ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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