Salmon markets hot in May
Figures issued by the Norwegian Seafood Council show that salmon exports in May totalled NOK 3.4 billion. This is NOK 896 million more than for the same month last year and the highest export value ever achieved for May.
The value for May has only ever been beaten by the figure for December 2010 when the export value was NOK 43 million higher than in May. The export volume in May was 1 per cent lower than for the same month last year.
- Stagnation in salmon production in Norway combined with a growth in demand in the markets has resulted in record high salmon prices,says Aandahl.
So far this year, salmon exports have been worth NOK 14.5 billion. This is NOK 3.1 billion more than for the same period last year and represents a new record. At the same time, volumes have fallen by 3 per cent to 363,000 metric tons.
Salmon prices higher than last year
After relatively low salmon prices last year, the price of salmon has increased dramatically in 2013. The average export price in May was NOK 41.91. This was NOK 0.08 lower than for the previous month and NOK 12.32 higher than in May last year.
Continued growth in volumes to the EU
In May, more than 71% of Norwegian salmon was exported to countries in the EU. Despite a decrease in volume of 1 per cent in May, volumes to the EU increased by 4 per cent. A total of 56,000 metric tons of salmon products were exported to the EU in May. Poland was the market with the strongest growth, ahead of the UK and Germany. 691 metric tons.
Decline in sales to Asia and Eastern Europe
In May, exports of Norwegian salmon to Asia and Eastern Europe fell, in terms of volume, by 15 and 9 per cent respectively. The largest drop in sales to Asia was in Japan and Taiwan, while in Eastern Europe Russia and Ukraine are the countries that reduced imports from Norway by the largest volume.
Trout exports increasing
The export value of trout increased by NOK 40 million to NOK 172 million in May. Measured in terms of volume, exports amounted to 4,000 metric tons – the same as last year. The volume to Russia fell by 17 per cent. This means that Russia reduced its share of Norwegian trout exports from 52 per cent in May last year to 44 per cent this year.