After a record-breaking 2022 marked by high demand and an acute shortage of salmon, the farmed salmon industry will begin to normalize in 2023, according to analysts at Dutch agriculture lending giant Rabobank.

In its latest global aquaculture update, Rabobank predicts an expansion of the global salmon supply of around 4 percent in both 2023 and 2024.

For this year, however, the world's two largest salmon producing countries, Norway and Chile are expected to post a decline by 0.9 percent and 0.3