Norwegian Salmon Exports Down in Value, Up in Volume in January
In the first month of the year, the volume of Norwegian Salmon exports totalled 67,000 tonnes in product weight. This is an increase of 12,000 tonnes or 22% compared to January 2011. The value of exports of Norwegian Salmon last month totalled NOK 1.9 billion, down by NOK 423 million or 18% from the same month last year.
- In January, the export price for fresh whole Norwegian Salmon was NOK 25.99 per kg. This is NOK 13.48 lower than a year ago and NOK 0.89 lower than in December 2011. As a result of this significant fluctuation in price, the value of exports in January is down from the same month last year, explains senior market analyst Paul Aandahl from the Norwegian Seafood Council.
New export volume record
Never before has the volume of exports of Norwegian Salmon registered for the month of January been so high. Compared to January 2005, volume has more than doubled. During this period Russia, France and Poland have accounted for the biggest increases in export volume.
Russia overtakes France as biggest volume market for Norwegian Salmon
Measured in terms of volume, the biggest growth in the first month of the year was in exports to France and Russia. The volume of exports of Norwegian Salmon to Russia totalled 10,173 tonnes, up by 57% compared to January 2011. Fresh whole Norwegian Salmon is the biggest product, accounting for no less than 93% of total exports.
Exports of Norwegian Salmon to France in January totalled 8,917 tonnes, up from 7,884 tonnes in the same month last year. This is an increase of 13%. Fresh whole Norwegian Salmon is also the most important single Norwegian Salmon product exported to France, accounting for 84% of the total exports. Fresh fillets account for a further 15%.
Decline in exports to USA continues
The volume of exports of Norwegian Salmon to the USA in January totalled 1,322 tonnes. Compared with the same month in 2011 and 2010, this marks a fall of 30% and 51% respectively. The US market has also seen a shift in demand from fresh fillets to frozen fillets. In January 2010 fresh fillets accounted for 72% of the total volume of Norwegian Salmon exports to the USA and frozen fillets 19%. For the same period in 2011 the figures were 50% and 29%, while this year the breakdown is 22% and 56%.
Growth in exports of Norwegian Fjord Trout
The volume of exports of Norwegian Fjord Trout in January totalled 4,697 tonnes, up by an impressive 77% from the same month last year. In terms of value exports totalled NOK 146 million, an increase of NOK 26 million. Russia remains the biggest market for Norwegian Fjord Trout, followed by Japan and Taiwan.
Higher price for trout than salmon
In January 2012 the average price of fresh whole Norwegian Fjord Trout was NOK 30.01, a reduction of NOK 15.32 compared to the same month last year. The fall in price was greater than for fresh whole Norwegian Salmon. The difference in price between fresh whole Norwegian Fjord Trout and fresh whole Norwegian Salmon was NOK 4.02. In January 2011 the difference in price was NOK 5.61.