Monthly record for volume increase in salmon exports
The export volume of salmon in February 2012 was the largest ever for the month of February. 70,241 metric tons of salmon were exported, an increase of 16,465 metric tons or 31%, compared with February 2011. The total value was NOK 2.1 billion, a decrease of NOK 163 million or 7% compared with the same month last year.
- Even though there has been a recent positive trend in the salmon price development, the export price is still lower than it was in the same period last year, says Senior Market Analyst for the Norwegian Seafood Council Paul Aandahl. This resulted in a decrease in the export value for Febuary, compared with the same period in the previous year.
Positive trend in the salmon price development
In February, the average price of fresh whole salmon was NOK 28.39. Compared with the price in February 2011, this is a reduction of NOK 12.07. Compared with the price in January, the price of salmon in February has increased by NOK 2.68, and a higher price has not been seen since July 2011.
Exports to Russia continue to increase
In February, exports of salmon to Russia totalled 10,766 metric tons, a growth of 88% compared with the same month last year. This means that this month, Russia again lies ahead of France in terms of both value and volume.
The increase in export volumes to Russia alone is greater than the total exports to Norway’s fourth largest market, Denmark. France, which is Norway’s second most important market for salmon, also showed growth in February. A total of 9,097 metric tonnes of salmon were exported to this market, an increase of 1,460 metric tons or 19%, compared with February 2011.
Fresh salmon is popular
The relationship between the export of fresh and frozen salmon has gradually shifted towards a greater proportion of fresh salmon. In February, the division was 88% for fresh salmon and 12% for frozen salmon. This can be explained by improvements in distribution and customers’ increased preference for fresh salmon.
Also a good month for Norwegian Fjord Trout
A total of 5,080 metric tons of Norwegian Fjord Trout were exported in February, an increase of 2,375 metric tons, or 88%. The average price was NOK 31.68, a reduction of NOK 14.23 compared with the same month last year. Despite the lower price, the total value has increased by NOK 37 million compared with February 2011. Norwegian Fjord Trout worth NOK 161 million was exported. Russia continues to be the most important market for Norwegian Fjord Trout, followed by Japan and China.