Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Finance

Scottish salmon exports on track to hit £1bn as global demand surges

Scottish salmon exports are on course to surpass £1 billion for the first time, fuelled by surging demand from international markets including the United States, China and Canada.

New figures show sales abroad rose by 33% to £941 million in the 12 months to June, according to Salmon Scotland. In the first half of 2025 alone, exports were worth £528 million, putting the UK’s biggest food export on track for a record-breaking year.

The growth comes as Scottish producers prepare to enter the lucrative Indian market following the UK’s free trade agreement with the country, which will cut tariffs on salmon exports.

Tavish Scott, chief executive of Salmon Scotland, said the latest numbers reflected “remarkable success” for the sector and the hard work of farmers meeting growing global demand.

“With international sales approaching £1 billion, Scottish salmon continues to perform strongly on the world stage, especially in the US where demand remains robust,” he said. “However, tariffs remain a significant barrier, costing the sector an estimated £30 million each year. Removing these tariffs would open up even greater opportunities for exporters.”

The US market grew by 110% in the first half of 2025 compared to the same period last year, reaching £190 million. China was up 75% to £74 million, Taiwan rose 45% to £17 million, and Canada posted a 1,300% jump to £21 million.

While France remains the top export market, taking 45% of Scottish salmon sales, EU exports overall dipped 7% to £423 million. By contrast, non-EU markets surged 106% to £518 million.

The sector has also benefitted from improved survival rates and higher harvest volumes, with monthly survival averaging 99.12% between January and June – the best start to a year since records began in 2018.

Mairi Gougeon, Scotland’s Cabinet Secretary for Rural Affairs, hailed the “exceptional performance” and said the government was working with the industry to maintain growth. “Reducing US tariffs on Scottish produce, including salmon, is a priority,” she said.

Salmon farming contributes £766 million in Gross Value Added (GVA) to the UK economy, directly employing 2,500 people in Scotland and supporting a further 10,000 jobs in coastal and island communities.

    You May Also Like

    Stock Markets

    STOCK PHOTO | Image by Jcomp from Freepik (Part 1) A Philippine delegation of 42 agribusiness entrepreneurs and academics traveled to Ho Chi Minh from...

    Finance

    In an era where industrial efficiency and intelligent manufacturing are of paramount importance, engineer Andrii Nikulin stands out on the forefront of innovation, having...

    Finance

    The Financial Conduct Authority (FCA) has unveiled long-awaited plans to regulate the booming £13 billion ‘buy now, pay later’ (BNPL) sector — with proposals...

    Finance

    Jeremy Clarkson has launched a scathing attack on UK advertising regulators after his latest beer advert—described as his “most expensive” and “most heartfelt” yet—was...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.