Decline in Seafood Exports in April
The value of exports of Norwegian seafood in April totalled NOK 3.7 billion. This is a decline of NOK 501 million or 12% compared to April in 2011. This year to date, seafood exports total NOK 16.8 billion in value, down by NOK 1.1 billion or 6% from the same period last year.
“One cause of the downturn in the value of exports of Norwegian seafood is the 30% drop in the price of Norwegian Salmon in April from its record level in 2011,” explains Egil Ove Sundheim, director of market information with the Norwegian Seafood Council. “In addition, we have seen some sectors of the trade relocate their warehousing facilities to Norway, in part due to the economic challenges many importers are currently facing in Europe.”
Exports of Norwegian Salmon down
Exports of Norwegian Salmon in April were valued at NOK 2.2 billion, down by NOK 315 million or 12% compared to the same month last year. This year to date, the value of exports of Norwegian Salmon totals NOK 9 billion, a decline of NOK 1 billion or 10% compared to the same period last year. This downturn is attributable to lower export prices. The average price of whole fresh Norwegian Salmon in April was NOK 29.58 compared to NOK 42.69 in April 2011. As in the previous month, France and Russia are the biggest markets for Norwegian Salmon.
April saw exports of Norwegian Fjord Trout increase in value by NOK 59 million to a total of NOK 145 million. This year to date, the value of exports of Norwegian Fjord Trout totals NOK 552 million, up by NOK 123 million compared to the same period last year. The biggest markets for Norwegian Fjord Trout are Russia and Japan.
Exports of herring down, mackerel up
The value of herring exports fell in April by NOK 21 million to a total of NOK 208 million. For the year to date, herring exports total NOK 1.8 billion or NOK 18 million less than in the same period last year. The biggest markets for herring from Norway are Russia and Germany.
In April, exports of mackerel increased in value by NOK 39 million to a total of NOK 97 million and for the year to date are up by NOK 245 million to total NOK 883 million. The biggest markets for mackerel are Russia and China.
Reduced exports of clipfish and salted fish
The value of clipfish exports fell by NOK 70 million in April to a total of NOK 151 million. A breakdown of this figure shows that clipfish of Norwegian Cod accounted for NOK 99 million and saithe NOK 45 million, with the remainder accounted for by ling, torsk and other groundfish.
April exports of salted fish including fillets fell in value by NOK 23 million to a total of NOK 120 million, of which Norwegian Cod accounted for NOK 118.6 million.
Fresh Norwegian Cod down, frozen shows growth
In April, the value of exports of fresh Norwegian Cod including fillets from fishery fell in value by NOK 25 million to a total of NOK 122 million, while exports of frozen Norwegian Cod including fillets showed growth of NOK 15 million to total NOK 107 million.