The global salmon supply is expected to increase in 2023 and 2024 following a 1 percent contraction this year to around 2.7 million metric tons.

Supply is forecast to grow around 4 percent over each of the next two years, and could exceed 3 million metric tons for the first time in 2024, said Rabobank Senior Analyst Gorjan Nikolik, who presented the salmon survey results based on Kontali data during the 2022 GOAL conference in Seattle.

"We are having negative growth for the first time since around 2016, which has meant the very high prices for salmon we have right now," the analyst said.