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Slaughtering salmon at a processing plant. (Photo Credit: Odin HjellestadOdin Hjellestad/Copyright: FIS)

Salmon export value continues to rise

Click on the flag for more information about Norway NORWAY
Tuesday, October 07, 2014, 23:20 (GMT + 9)

The value of exports of Norwegian salmon in September totalled NOK 3,500 million (USD 535.8 million), an increase of NOK 232 million (USD 35.5 million), or 7 per cent, compared to the same period last year. To date, total exports of salmon have reached NOK 31,900 million (USD 4,900 million), which represents an increase of NOK 4.7 million (USD 0.26 million) or 17 per cent, compared to last September.

“In spite of the fact that Norwegian salmon has been banned from the Russian market the last two months, the total value of exports is increasing. Demand continues to increase and we see an increase in both the export volume and the price of salmon,” says Paul T. Aandahl, Branch Manager for Salmon and Trout at the Norwegian Seafood Council.

Measured in product weight, exports of Norwegian salmon totalled 91,000 tonnes in September. This is almost the same volume as in September last year. To date, Norwegian salmon exports have totalled 725,000 tonnes, an increase of 9 per cent compared to the same period last year.

Compared with the export price last September, the average price for fresh whole Norwegian salmon was up 4 per cent in September to NOK 34.85 per kilo. To date, the average export price for fresh whole Norwegian salmon was NOK 41.25 per kilo, up NOK 2.23 compared to the same period last year.

The value of exports of Norwegian salmon to the EU in September totalled NOK 2,500 million, an increase of 15 per cent compared to last September. To date, total exports of salmon to the EU have totalled NOK 21,700 million. This is an increase of 19 per cent compared to last September.

Measured in product weight, exports of Norwegian salmon to the EU to date totalled 511,000 tonnes. This is an increase of 12 per cent compared to the same period last year. Measured in volume, exports to the EU totalled just over 70 per cent of total exports of Norwegian salmon thus far this year. The biggest markets for Norwegian salmon, both thus far this year and in September, are Poland and France.

The value of exports of Norwegian salmon to Eastern Europe in September totalled NOK 177 million, a decrease of 56 per cent compared to last September. To date, total exports of salmon to Eastern Europe have totalled NOK 3,200 million. This is a decrease of 16 per cent compared to the same period last year. Measured in volume, this is a decrease of 22 per cent, or 22,000 tonnes, to a total of 79,000 tonnes.

This decrease is mainly due to the Russian import ban and reduced supply to the Ukrainian market.

The value of exports of Norwegian salmon to Asia in September totalled NOK 581 million. This is an increase of 10 per cent compared to the same period last year. To date, total exports of Norwegian salmon to Asia have totalled NOK 4,700 million. This is an increase of 22 per cent compared to the same period last year. This growth was driven by a volume increase of 14 per cent, to a total of 101,000 tonnes thus far this year.

The value of exports of Norwegian salmon to the US in September totalled NOK 148 million. This is an increase of 19 per cent compared to the same period last year. To date, total exports of Norwegian salmon to the US have totalled NOK 1,350 million. This is an increase of 98 per cent compared to the same period last year. Measured in product weight, the total value of exports of Norwegian salmon was up 75 per cent, to a total of 20,000 tonnes.

The value of exports of Norwegian fjord trout in September totalled NOK 207 million. This is an increase of NOK 8 million, or 4 per cent, compared to the same period last year. To date, total exports of fjord trout have totalled NOK 1,800 million. This is an increase of NOK 139 million, or 8 per cent, compared to the same period last year.

(NOK 1 = USD 0.15309)


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