Norwegian Salmon Exports increased in November
The volume of exports of Norwegian Salmon in November totalled 101,000 tonnes, an increase of 13% compared to the same month last year. The value of exports in November totalled almost NOK 3 billion, an increase of almost NOK 472 million or 19% compared to November last year. This year to date, Norwegian Salmon exports total 907,000 tonnes in volume and NOK 26.8 billion in value. The growth in the volume of exports for the year to date is 22%, while the growth in value is up by 1% or NOK 346 million compared to the same period last year.
“The growth in the value of exports in November is being driven primarily by volume growth,” says market analyst Paul Aandahl from the Norwegian Seafood Council. “Yet despite the strong growth in the volume of exports, prices for Norwegian Salmon were higher than in November last year. This growth is being driven by continued positive trends in sales of fresh and smoked Norwegian Salmon for domestic consumption in most markets.”
Norwegian Salmon prices trending upwards
In November, the average export price for fresh whole Norwegian Salmon was NOK 27.10 per kg. This is NOK 2.03 higher than in November last year and NOK 1.36 up on the previous month.
EU buying more Norwegian Salmon
The importance of the EU as a market for Norwegian Salmon increased in November. Growth in exports to the EU was above average. Among EU countries, Poland led the way with an increase in the volume of exports of no less than 33%. In November, Poland was the second most important market for Norwegian Salmon after France, which saw the volume of exports grow by 18%. Total exports to the EU as a whole increased by 16% in November.
Weakness in exports to Russia in November
Following growth in the volume of exports to Russia in October of 21%, the year-on-year trend turned in November. Compared to November last year, the volume of exports was down by 5% to a total of 13,568 tonnes. However, for the year to date the volume of exports of Norwegian Salmon to Russia shows healthy growth of 33% to a total of 120,000 tonnes.
Norwegian Fjord Trout exports show continued growth
Exports of Norwegian Fjord Trout had a good month in November, with the volume of exports up by 611 tonnes or 11% compared to November 2011. For the year to date the value of exports of Norwegian Fjord Trout totals NOK 1.5 billion, an increase of NOK 271 million compared to the same period last year. This growth is mainly attributable to Russia, Japan and Belarus. The average price of fresh whole Norwegian Fjord Trout in November was NOK 28.34 per kg, slightly down by NOK 0.64 compared to November 2011 but up by NOK 0.77 from the previous month.