Record value for Norwegian salmon exports
In the first three months of the year, Norway's salmon exports amounted to NOK 10.7 billion.This represents a growth of 32 percent, or NOK 2.6 billion from last year according to figures from the Norwegian Seafood Council.
In March, Norway exported salmon to the value of NOK 3.7 billion. This is an increase of NOK 27 per cent or NOK 790 million, compared to March last year.
– The modest increase in supply from Norway combined with growth in demand are contributing to the continued strong price for salmon," says Paul Aandahl, Marketing Manager for Salmon and Trout at the Norwegian Seafood Council.
Strong price for Norwegian salmon
In the first quarter of 2014, the average export price of fresh whole salmon was NOK 47.60 per kilo,which is 31 per cent or NOK 11.22 higher than the same period in 2013. The export price of fresh, whole salmon was NOK 43.88 in March.This is 17 per cent or NOK 6.29 higher than same time last year.
Export growth to the EU
Export of salmon to the EU, measured in value, was 31 per cent higher in Q1 2014 compared to the same period last year.At the same time, the volume of salmon exported to the EU, measured in product weight, has increased by 3 per cent year to date compared to the same period last year.The EU is the most important market for Norwegian salmon with a 69 per cent volume share of the export.For Q1 the most important markets in the EU were Poland and France.
Growth in export value to Eastern Europe
Salmon exports to Eastern Europe measured in value was 5 per cent higher in Q1 this year than the same period last year. This increase is seen despite a 20 per cent volume decrease in the same period.
Increased exports to Asia and the USA
In Q1 2014 the export value of Norwegian salmon exported to Asia increased by 49 per cent compared to the same period last year.This growth is driven by strong prices and a 14 per cent volume increase, measured in product weight.
The export of salmon to the USA continues to grow and was 162 per cent higher in value compared to the same quarter last year.At the same time, export volumes doubled and amounted to around 6,400 tonnes of Norwegian salmon in Q1 measured in product weight.
All-time high export value for trout
Never before has Norway exported more trout in the first quarter of the year than in 2014. In total, trout to the value of NOK 632 million was exported.This is 30 percent or NOK 146 million higher than the first quarter of 2013.The volume was approximately 3 per cent lower than the same period last year and ended at 12,900 tonnes. Exports to Russia, which represents the biggest trout market with a share of close to 50 per cent of total trout exports, dropped by 16 per cent measured in volumes. Exports to Japan, the second-largest marked, increased by 54 per cent in Q1.