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Salmon/Farmed Fish

 
Report Date: Monday, November 13, 2017
 
 
 

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 is NOK 50.00 (EUR 5.25/kg) for November; for December and January they expect it to be NOK 57.00 and 60.10 respectively (EUR 5.97 and 6.29/kg).

During week 44, the average price of fresh salmon was NOK 49.05/kg (EUR 5.17/kg). This price is down on that of the previous week and down 19% on that of the same week in 2016. Compared with the same week in 2015, it is up 17%, according to Norwegian Statistics.  The weekly average FOB price of fresh salmon exports (HS 03121201 and 03121202) at Norwegian Customs has been NOK 62.89/kg (EUR 6.62/kg) so far this year, up 6% on that of the same period in 2016 and 50% on that of 2015.

Graph 1: Average weekly price of fresh farmed salmon exports,
2013/2017, in NOK/kg

Source: Norwegian Statistics

The average price of exports of frozen salmon was NOK 59.77 (EUR 6.29/kg), down 3% on that of the previous week and down 6% on that of the same week in 2016. It is up 35% on that of 2015. So far this year, the average price of exports of frozen salmon has been NOk 65.43 (EUR 6.89/kg), up 15% in value on that of 2016 and 50% on that of 2015.

Graph 2: Weekly average price of exports of frozen farmed salmon,
2013/2017, in NOK/kg

Source: Norwegian Statistics

Markets

Exports of fresh salmon during the analysed week reported 19,574 tonnes. This figure is down 4% on that of the previous week, up 24% on that of the same week in 2016 and up 2% on that of 2015. So far this year, exports of salmon have reached 691,709 tonnes, up 2% on those of the same period in 2016 and down 5% on those of 2015.

Graph 3: Weekly Norwegian exports of fresh farmed salmon,
2013/2017, in tonnes

Source: Norwegian Statistics

Exports of frozen products during the week reported 527 tonnes. This figure is up 4% on that of the previous week, down 12% on that of the same week in 2016 and 33% on that of 2015. So far this year, exports of frozen salmon have reached 18,007 tonnes, down 17% on those of the same period in 2016 and 35% on those of the same period of 2015.

Graph 4: Weekly Norwegian exports of frozen farmed salmon,
years 2013/2017, in tonnes

Source: Norwegian Statistics

By DGA

www.fis.com


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