The Value of ASMI
Maximizing Alaska’s Seafood Value
Alaska’s seafood industry is a critical pillar of Alaska’s economy, creating tens of thousands of jobs for Alaskans and generating billions in economic activity. The Alaska Seafood Marketing Institute (ASMI) ensures this industry remains competitive by increasing demand, expanding markets, and driving higher prices for Alaska seafood worldwide.
The bottom line: ASMI delivers value
A Partner to the Seafood Industry
ASMI’s budget is primarily funded by a voluntary industry assessment (0.5% of ex-vessel value), along with federal USDA funding and at times state support. With over two-thirds of Alaska seafood by value exported annually, ASMI’s marketing is essential to maintaining Alaska’s premium global status.
ASMI Delivers Strong Return On Investment
ASMI delivers a powerful return on investment, contributing heavily towards a $464 million increase in value for Alaska seafood in 2023, according to a recent study. Major Alaska species, such as sockeye salmon and Alaska pollock, averaged a 15% price premium over competing products in 2023. The premium for these species, which accounted for 46% of wholesale value, was $318 million in first wholesale value.
