Norwegian Salmon Exports Total NOK 14 Billion in First Half-Year
The value of Norwegian Salmon exports in the first half-year of 2012 totalled NOK 14 billion, according to the latest figures from the Norwegian Seafood Council. This is down by approximately NOK 1 billion or 6% from the same period last year. The month of June, however, saw the value of exports up by NOK 178 million or 7% to total NOK 2.6 billion. The volume of exports in the first half-year was up by 29% to 466,000 tonnes.
- Record growth in salmon production globally has resulted in lower prices for salmon in the first half-year of 2012 compared to the same period last year, comments senior analyst Paul Aandahl from the Norwegian Seafood Council. However, in recent months the growth in volume has outweighed the price downturn, with the result that the downward trend in the value of Norwegian Salmon exports seen earlier in the year appears to have turned.
- Never before have consumers around the world eaten more Atlantic salmon than they are today, adds Bjørn-Erik Stabell, manager salmon and trout with the Norwegian Seafood Council. Norwegian Salmon enjoys a solid market position, whether as a sushi ingredient in Asia and Europe or an everyday meal in Spain, France and Russia. In these countries we have seen growth in consumption of fresh Norwegian Salmon of 30-60% this year.
Norwegian Salmon prices lower than last year
Following the near record prices for Norwegian Salmon in early spring, prices have fallen back to a lower level. In the first half-year of 2012, the average export price for Norwegian salmon was NOK 27.94 per kg. This is NOK 11.15 lower than for the same period last year. In June the export price of fresh Norwegian Salmon was NOK 26.80, which is NOK 2.78 lower than in May and NOK 5.91 lower than in June last year.
EU becoming less dominant
In the first half-year of 2012, almost 63% of Norwegian Salmon exports (in terms of value) went to countries in the EU. This is down from 67% in the same period last year, and the trend is downwards. Five years ago, the share of exports to the EU was 73%. But even with the share of total exports falling, there is still strong growth in the volume of exports to the EU. In the first half-year of 2012, a total of 301,000 tonnes of Norwegian Salmon products was exported to the EU. France is the biggest market, with export volume from Norway of 63,000 tonnes in the first half-year of 2012. Poland was the market with the biggest growth, up by 11,000 tonnes, followed by France with growth of 10,000 tonnes.
Export volume to eastern Europe shows greatest relative growth
Export markets in eastern Europe showed the greatest relative growth in the first half-year of 2012, with the volume of exports up by no less than 64%. Exports of Norwegian Salmon products to Russia saw the biggest volume increase of all Norwegian Salmon markets in the first half-year, up by 25,000 tonnes or 67% to a total of 63,000 tonnes. Russia is Norway’s second biggest salmon export market after France. Ukraine is Norway’s thirteenth biggest market, with the volume of exports totalling 11,000 tonnes.
Stable growth in exports to Asia
This year to date, exports to Asia have grown by 35% or 18,000 tonnes. The biggest growth was in exports to Japan, up by almost 6,000 tonnes or 46%, and Vietnam, up by 4,000 tonnes or 78%.
Exports of Norwegian Fjord Trout up
In the first half-year of 2012, the value of exports of Norwegian Fjord Trout increased by NOK 188 million to NOK 802 million. The volume of exports in the same period totalled 26,000 tonnes, up by 12,000 tonnes. Exports to Russia saw the biggest growth in volume, up by 8,000 tonnes. This year to date, fully 56% of all Norwegian Fjord Trout exports were destined for Russia. Other major export markets for Norwegian Fjord Trout are Japan, Belarus and Ukraine.