CAN ICELAND OVERTAKE SCOTLAND IN SALMON PRODUCTION IN 6 YEARS?
Can Iceland overtake Scotland in salmon production in 6 years? According to a leading industry analyst, Iceland is likely to become one of the fastest growing countries in the global salmon sector in the coming years and may even overtake the Scottish salmon sector within six years
Speaking at the GOAL conference, Goryan Nikolic, senior seafood analyst at Rabobank, predicted that growth in the island nation’s aquaculture sector was likely to become one of the main growth drivers for the global salmon sector.
“I expect Iceland [which harvested 34,000 tonnes in 2020] will become a major producer, perhaps even in the next five or six years it will even reach the same level as the Faroe Islands [about 80,000 tonnes in 2020] or maybe even the UK [192,000 tonnes in 2020], ”he suggested.
Meanwhile, he noted that this year’s growth in Norwegian production is likely to reach an “incredible” 10.2%. “It was actually a big surprise to many, and based in large part on very good biology, a lot of smolt use, and the fact that they moved some of their production from 2020 to 2021.”
With regard to the Chilean sector, Nikolic said the drop in production means total production is likely to be 14.1 percent below 2020 levels. This was mainly due to a decrease in the number of smolts during the year. However, he predicts that the sector will grow by 8.8 percent in 2022, before returning to pre-pandemic levels by then.