Value of Norwegian Salmon Exports Unchanged From Last Year
The value of Norwegian Salmon exports in May totalled NOK 2.6 billion, unchanged from May last year, according to the latest figures from the Norwegian Seafood Council. The volume of exports (product weight) increased by 31% to 80,000 tonnes.
- We are seeing prices for Norwegian Salmon trend upwards, despite record volumes, says senior analyst Paul Aandahl from the Norwegian Seafood Council. The positive trend in the Norwegian Salmon market is also reflected in the fact that May 2012 is the first month since June 2011 that the value of exports has remained unchanged from the same month the previous year.
Positive price trend continuing
The average export price for fresh Norwegian Salmon in May was NOK 30.15. This was NOK 1 higher than in April and NOK 2 higher than in March. Compared to May 2011, however, the average price is NOK 8.97 lower.
Continued strong growth in exports to EU
Almost 68% of Norwegian Salmon exports went to countries in the EU, down from 71% in the same month last year. The volume of exports of Norwegian Salmon products to the EU in May 2012 totalled 54,000 tonnes. Poland was the biggest growth market, increasing by 3,200 tonnes, followed by France with an increase of 1,691 tonnes.
Asia and eastern Europe show strongest growth
The volume of Norwegian Salmon exports in May to Asia and eastern Europe increased by 46% and 55% respectively. In Asia, exports to Vietnam and Japan showed the strongest growth, while in eastern Europe the biggest growth markets were Russia and Ukraine.
Growth in exports of Norwegian Fjord Trout
The value of exports of Norwegian Fjord Trout in May was up by NOK 41 million to a total of NOK 128 million. The volume of exports topped 4,000 tonnes, an increase of no less than 110 per cent compared to the same month last year. Fully 54% of exports of Norwegian Fjord Trout in May went to Russia, which also accounts for more than half the growth seen in Norwegian Fjord Trout exports.