Decline in 1st Quarter Exports of Norwegian Seafood
The value of Norwegian seafood exports in the 1st quarter of 2012 totalled NOK 13.2 billion. This is a reduction of NOK 600 million or 4% compared to the 1st quarter of 2011. The value of exports in March alone totalled NOK 4.7 billion, down by NOK 292 million or 6%.
”The downturn in Norwegian seafood exports is largely attributable to significantly lower prices for salmon this year compared to the same period in 2011,” explains Egil Ove Sundheim, director of market information with the Norwegian Seafood Council. “However, lower salmon prices in retail make for greater demand among consumers, with the result that market sales in terms of volume are setting new records.”
Norwegian Salmon Exports down by NOK 681 million
The value of Norwegian Salmon exports in the 1st quarter of 2012 totalled NOK 6.8 billion, down by NOK 681 million or 9% compared to the 1st quarter of 2011. In March, the value of Norwegian Salmon exports totalled NOK 2.7 billion, a decline of NOK 94 million or 3.3% from Mach last year. The decline is attributable to a fall in export prices. In March, the average price for whole fresh Norwegian Salmon was NOK 28.34, down from NOK 40.70 in March 2011. As in the previous month, the biggest markets for Norwegian Salmon exports were France and Russia.
Exports of Norwegian Fjord Trout in the 1st quarter of 2012 increased in value by NOK 66 million to a total of NOK 409 million. The value of exports in March alone was NOK 163 million, up by NOK 64 million from March last year. The biggest markets for Norwegian Fjord Trout were Russia and Japan.
Exports of herring and mackerel up
For the year to date exports of Norwegian herring and mackerel were up in value by NOK 14 million to a total value of NOK 1.6 billion. For the month of March, exports of Norwegian herring totalled NOK 350 million in value, a decline of NOK 106 million compared to March last year. The biggest markets for Norwegian herring exports are Russia and Germany.
Norwegian mackerel exports also had a strong 1st quarter, increasing in value by 36% or almost NOK 211 million to a total of NOK 791 million. In March exports of mackerel increased in value by 23% or NOK 27 million to a total of NOK 142 million. The most important markets for mackerel from Norway are Russia and China.
Exports of clipfish and salted fish down
In the 1st quarter of 2012 exports of clipfish fell in value by NOK 78 million to a total of NOK 902 million. This figure breaks down as follows: Norwegian Cod NOK 465 million, Norwegian Saithe NOK 358 million, ling approximately NOK 30 million and tusk NOK 43 million.
1st quarter exports of salted fish fell in value by NOK 108 million to a total of NOK 331 million. Exports in March alone fell by NOK 53 million or 24% to a total of NOK 169 million.