Industry Analysis & Industry Trends
The Marine Aquaculture industry is highly cyclical. Scottish-farmed salmon generates more than 90% of industry revenue. Salmon production is very responsive to changes in global salmon prices, which are, in turn, susceptible to changes in global demand and supply conditions.
This has been in evidence during the past five years, as the industry has enjoyed strong but volatile growth. Robust global demand for salmon and an outbreak of disease in Chile, one of the world's largest producers of salmon, sent prices soaring early in the five-year period. This resulted in a flood of foreign investment as players scrambled to increase their production to meet soaring export demand... purchase to read more
Industry Report - Industry Products Chapter
Atlantic salmon is the major product farmed in the industry, mostly in Scotland. Wild salmon stocks have been declining for decades to the point that less than 1.0% of salmon consumed globally comes from wild stocks, but salmon aquaculture has increased steadily since the 1970s. The lochs of Scotland are well suited to salmon rearing and Norwegian aquaculture companies have invested hundreds of millions of pounds in recent years. During the past decade, Scottish salmon farmers have enjoyed robust growth, driven by rising global demand for salmon and higher prices. During 2012-13, it is estimated that 157,500 tonnes of Atlantic salmon will be produced in Scotland. Salmon is expected to continue to demonstrate strong growth over the next five years... purchase to read more