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Salmon/Farmed Fish

 
Report Date: Monday, September 03, 2018
 
 
 

This report covers the activity of salmon in Norway, focusing on aspects such as harvests, prices, markets and exports and imports.

EUROPE

Norway

Prices

The future price for 3 to 6 kg in September is NOK 57.10 (EUR 5.85/kg), while for October and November 2018 they estimate it will be at NOK 61.00 and 64.60 (EUR 6.24 and 6.60).

During week 34, the average price of fresh salmon was NOK 52.99 (EUR 5.46/kg). This figure is down 1% on that of the previous week and 7% on that of the same week in 2017. Compared with the same week in 2016, it was down 6% in value, according to Norwegian Statistics. The weekly average FOB price of fresh salmon exports (HS 03121201 and 03121202) at Norwegian Customs so far in 2018 was NOK 62.51/kg (EUR 6.45/kg), down 4% on that of the same period in 2017 and up 5% on that of 2016.

Graph 1: Average weekly price of fresh farmed salmon exports,
2014/2018, in NOK/kg

Source: Norwegian Statistics

The average price of exports of frozen salmon was NOK 59.57 (EUR 6.14/kg), down 1% on that of the previous week and 5% on that of the same week in 2017; it was down 2% on that of 2016. So far this year, the average price of exports of frozen salmon has been NOK 58.43 (EUR 6.02/kg), down 13% in value on that of the previous year and up 5% on that of 2016.

Graph 2: Weekly average price of exports of
frozen farmed salmon, 2014/2018, in NOK/kg

Source: Norwegian Statistics

Markets

Exports of fresh salmon during the analysed week reported 18,551 tonnes. This figure is down 2% on that of the previous week and up 9% on that of the same week in 2017; it was up 15% on that of the same week in 2016. So far this year, exports of salmon have reached 554,883 tonnes, up 11% on those of the same period in 2017 and 11% on those of 2016.

Graph 3: Weekly Norwegian exports of fresh farmed salmon,
2014/2018, in tonnes

Source: Norwegian Statistics

Exports of frozen products during the week reported 495 tonnes. This figure is up 2% on that of the previous week and 14% on that of the same week in 2017; it was up 15% on that of the same week in 2016. So far this year, exports of frozen salmon have reached 11,365 tonnes, down 14% on that of the same period last year, and 31% on that of the same period in 2016.

Graph 4: Weekly Norwegian exports of frozen farmed salmon,
years 2014/2018, in tonnes

Source: Norwegian Statistics

By DGA

www.fis.com


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