Biggest Growth Ever in Volume of Norwegian Salmon Exports
Exports of Norwegian Salmon in the 1st quarter of 2012 totalled a record product weight of 229,000 tonnes. This figure represents growth of no less than 31% or 54,000 tonnes compared to the same period last year, according to the latest figures from the Norwegian Seafood Council. The value of exports for the same period showed a decline of 9% to NOK 6.8 billion.
”Despite the record growth seen in the volume of exports, the value of exports shows a decline. Lower prices during the 1st quarter of 2012 compared with the same period last year can be seen as a consequence of the increased volume of exports from Norway and from competing nations,” says Paul Aandahl, senior market analyst with the Norwegian Seafood Council.
Positive price trend for Norwegian Salmon
Despite the strong growth in the volume of exports of Norwegian Salmon, prices are also trending upwards. In the 1st quarter of 2012 the average export price for whole fresh Norwegian Salmon was NOK 27.51. This is 9% or NOK 2.29 up on the 4th quarter of 2011, but NOK 12.51 down on the 1st quarter of 2011.
Strong growth in exports to the EU, eastern Europe and Asia
The EU is the most important market for Norwegian Salmon, accounting for 63% of all export volume. Exports to the EU increased by 25% or 29,000 tonnes in the 1st quarter of 2012. The most important growth markets in the EU were France and Poland.
In eastern Europe Russia is the most important market, with 1st quarter growth in exports of more than 13,000 tonnes or 68% to a total of 33,000 tonnes. This makes Russia Norway’s biggest single market for Norwegian Salmon in terms of volume. Also in eastern Europe, Ukraine is showing strong growth with an increase of 67% to 6,000 tonnes.
The volume of exports to Asia in the 1st quarter increased by 31% to 34,000 tonnes. The biggest growth is in exports to Vietnam, Japan and Taiwan.
Steep fall in exports to USA
In the 1st quarter of 2012 the volume of exports to the USA fell by 22% to a total product weight of just over 4,000 tonnes. The fall is due mainly to a drop in exports of fresh fillets totalling 1,702 tonnes, slightly offset by an increase in 1st quarter exports of frozen fillets by 428 tonnes .
Growth in exports of Norwegian Fjord Trout
Following relatively weak export volume during the last couple of years, exports have jumped in the 1st quarter of 2012 by 71% to 31,000 tonnes. This represents a 19% increase in the value of exports to NOK 409 million. Russia’a share of the total exports of Norwegian Fjord Trout increased in the 1st quarter to 55% from 45% in the same quarter last year. Other important markets for Norwegian Fjord Trout are Japan and Belarus.