Demand and Price Analysis, Environmental Economics and Policy, Production Economics, Resource /Energy Economics and Policy,

Anderson, James L.

English

Research Papers in Economics

Marine Resource Economics. Volume 7. pp. 87-88 073R-1360/92 $3.00 + .00
Primed in the USA. All rights reserved. Copyright O 1992 Marine Resources Foundation
Thalassorama
Editors note: Reports from contributing editors, correspondence and other material of
interest to the professional marine resources community will be featured in this section.
Contributions are not subjected to the normal review process, and may be edited for
style and length.
Salmon Market Dynamics
Although the United States' largest finfish fishery is salmon, with the advent of
aquaculture, the U.S. has become one of the world's largest importers of fresh
salmon. Figure 1 illustrates some interesting changes which are occurring in this
dynamic market. Mostof the fresh salmon imports are farmed: (1) Atlantic salmon
from Norway; (2) coho and Atlantic salmon from Chile; (3) primarily farmed
Atlantic from the United Kingdom, Faroe Islands, and others; and (4) wild-caught
sockeye, pink, and chum, and farmed and wild-caught chinook and coho, as well
as farmed Atlantic from Canada.
In the early 198O's and up until 1989. Norway was clearly the dominant sup-
plier. By 1989, farmed salmon production from Canada and elsewhere had in-
creased substantially. In addition, Canada rescinded regulations restricting the
export of unprocessed salmon, which allowed significant quantities of sockeye
and pink to enter from Canada, especially in August.
The decline in prices which occurred in 1989 resulted in a countervailing duty
and antidumping case brought before the U.S. International Trade Commission by
the coalition for Fair Atlantic Salmon Trade on February 28, 1990. Also in Feb-
ruary of 19SK), the EC began antidumping investigations based on complaints from
Irish and Scottish salmon growers.
The preliminary ruling by the USITC which favored the U.S. industry con-
tributed to relatively rapid reduction in Norwegian exports to the U.S. When the
fmal ruling resulted in a 2.27 percent countervailing duty and an antidumping duty
ranging from 31.81 percent to 18.39 percent, depending on the exporter, the Nor-
wegians were largely driven from the market, and Canada and Chile became the
major suppliers.
James L. Anderson
Department of Resource Economics
University of Rhode Island
87Thalassorama
Millions of Pounds
16
1985 1986 1987 1988 1989 1990 1991
SNorway Dchlle • Other Countrias [DCansda
Fig. I. Monthly U.S. Imports of Fresh and Chilled Salmon January 1985-December 1991
Source: USDC, NOAA, NMFS. Fisheries Statistics Div., various files.

Salmon Market Dynamics

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Research Papers in Economics