Multiexport Foods SA and Australis Seafoods SA executives forecast that in 2012 the salmon industry will produce about 700,000 tonnes, 20 per cent more than in 2011, when 600,000 tonnes were obtained.


This was announced by companies in their respective presentations to investors, according to Estrategia.


Furthermore, they noted that Chile has the greatest potential for growth in production, with a capacity expansion of 70 per cent.


While a deadline for reaching that growth is not included in either document, the sector expects that soon one million tonnes will be exceeded.
As soon as Chilean salmon production reaches that goal, Chile will strengthen its position in second place worldwide, behind Norway.
Last year, the Norwegian salmon industry produced 1,050,000 tonnes, and this year production is likely to reach 1,150,000 tonnes.


At present, the salmon supply exceeds the demand and the average price of a kilogram of Atlantic salmon (combining its presentations as fresh and frozen products) has fallen 35 per cent.


Also, the value of Pacific salmon (coho) per kilogram has fallen 4 per cent, and that of trout has fallen almost 13 per cent.


However, by the end of this year it is expected that salmon prices will stabilize in the global market.


In 2011, the Chilean salmon industry invoiced USD 1,767.1 million, representing 40.4 per cent more than in 2010 (USD 1,258.4 million).
A report issued by InfoTrade and published by Aqua indicates that between January and March, 2012, salmon exports generated USD 981 million in revenue, representing 11.7 per cent over the same period in 2011, when USD 878 million was totalled.


During that period, Empresas AquaChile remained the largest exporter of salmon in the country, followed by Mainstream Chile and Salmones Multiexport, among others.