Low clouds hang over Kodiak’s St. Paul Harbor on Oct. 3, 2022. Kodiak is a hub for commercial fishing, an industry with an economic impact in Alaska of $6 billion a year in 2021 and 2022, according to a new report commissioned by the Alaska Seafood Marketing Institute.
Along with that good news, the McKinley Research Group’s report contains a warning about the industry’s economic future. While Alaska’s wild salmon and crab are considered premium products, fish from Alaska accounted for only 9% of the world salmon market and 9% of the world crab market, the report said. Competition from farmed salmon and wild Russian salmon dominates that market, according to the report. Much of the world market for crab is claimed by king crab from Russia – the world’s top king crab producer – and snow crab from Canada.
Alaska halibut is advertised at Ivar’s Pier 54 Fish Bar in Seattle on Oct. 24, 2023. The U.S. domestic market is the top destination for Alaska seafood. But U.S. demand for seafood dropped in 2023. At that committee hearing, a representative of a region of the state heavily dependent on commercial fisheries expressed strong support for the task force plan.
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