Trying to plan
On Tuesday, most of his suppliers told Szeliga they’d be raising prices. He only made one purchase while the tariff was in effect, buying some “sweet petite” oysters from Prince Edward Island, to make sure a wholesale client had enough product. He paid the whole 25% markup himself and didn’t pass it along to his client, eating the extra cost. The suppliers’ price increases are likely to come down now that the tariffs are postponed, but only for a month.
Now that he has a month reprieve, Szeliga said he plans to adjust his own inventory and work with his wholesale clients to plan out a menu that will be less affected by the tariffs. That might mean replacing higher-priced, higher-quality oysters with domestic or lower-priced Canadian offerings.
“Now that we have a picture of what this is probably going to look like, let’s just start designing out your menus so that we’re prepared and it’s not complete bedlam again,” he said. “Even if prices come down, we know prices are going to come up to X, Y, Z (when the tariffs return).” He said he’ll be asking his clients, “What products are going to work for you in a month?”
A blow to the burgeoning oyster market
Szeliga isn’t alone with his concerns — the entire oyster market could be affected.
The total value of U.S. imported seafood in 2023 was $25.5 billion. Canada, as the largest supplier, delivered more than $3.6 billion in seafood products to the United States in 2023. Imports of seafood from Canada into the U.S. rose 10% in 2024 to $3.96 billion, according to the USDA.
While oysters are just a fraction of that — the most popular seafood remains shrimp, salmon and tuna — oyster demand has been growing. In 2022, oysters joined the National Fisheries Institute Top 10 List for the first time ever.
Szeliga has watched as the popularity meant more and more restaurants, beyond just oyster bars, began offering the bivalve on their menus. He worries that growth will now “fade and fizzle.”
“I think it’s really going to take the momentum out of what is a growth industry,” he said.