Salmon set for 4 percent growth

Salmon set for 4 percent growth

Source: thefishsite

9/11/2024

Credit: Kontali

Salmon production is forecast to grow by 3.5-4.0 percent in 2025, resulting in a slight decline in spot prices for the full year, according to the latest research from Kontali.

This growth will be driven largely by a recovery in Norwegian and European productivity. In terms of volume for 2025, Norway’s will increase by at least 40,000 tonnes whole fish equivalent (WFE) and the rest of Europe by at least 35,000 tonnes WFE. This projection for 2025 comes on top of an increase in harvest volumes for 2024 (+5 percent YoY) for Faroe Islands, Iceland, Norway, and the United Kingdom. Demand from high-value foodservice segments such as sushi restaurants in Europe, North America, and Asia (China and Hong Kong) has recovered strongly following the Covid-19 pandemic and continue to support high prices in the first half of 2025.

Salmon, Atlantic

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