Value of Norwegian salmon exports at record levels
Demand for Norwegian salmon showed strong growth in 2013. This resulted in record prices and the highest Norwegian salmon export figures in recent times.
The value of exports of Norwegian salmon in 2013 totalled NOK 39.8 billion. This is the highest annual Norwegian salmon export figure ever registered and is 35 percent up on the previous year.
“A reduction in salmon production in Norway combined with a strong increase in demand has resulted in higher prices for Norwegian salmon,” says Paul Aandahl, manager salmon and trout with the Norwegian Seafood Council.
The volume of exports of Norwegian salmon in 2013 totalled 960,000 tonnes, down by 3.5 percent compared to 2012.
Record prices for Norwegian salmon
Export prices for fresh whole Norwegian salmon during the course of the year have varied between NOK 33.45 per kg in September and NOK 48 in December. The average price for the year was NOK 39.74 per kg. This was NOK 12.11 or 44 percent more than in 2012 and is the highest since 1988.
Export volume to EU stable and export value strongly up
Despite a decline in the total volume of exports, export volume to the EU has remained largely on a par with 2012. The volume of exports of Norwegian salmon products to the EU in 2013 totalled 651,000 tonnes. The most important market for Norwegian Salmon is France, and in 2013 exports to France were up in value by 30 percent despite a drop in the volume of exports of 7 percent. Poland is the biggest growth market in the EU, with an increase in export volume of 8,800 tonnes to a total of 125,000 tonnes. In terms of volume, the Polish market is as big as the French market.
Volume of exports to USA up
In 2013, the volume of exports of Norwegian salmon to the USA increased by 19 percent or 3,000 tonnes compared to the previous year. Exports of both fresh fillets and fresh whole Norwegian salmon were up from 2012. In 2013, a total of 5,400 tonnes of fresh whole Norwegian salmon was exported to the USA, a product which until 2012 was subject to a penalty tariff.
Reduction in exports to eastern Europe
Following record growth in the volume of Norwegian salmon exports to eastern Europe in 2012, the year 2013 saw a decline in export volume of 15 percent. This reduction is primarily attributable to a downturn in exports to the Russian market. Exports to other countries in the region are stable or growing.
Reduction in export volume to Asia
In 2013, the volume of exports to Asia was down by 8 percent or 11,000 tonnes. The biggest declines were in exports to China, down by 5,000 tonnes, and Japan, down by 3,700 tonnes.
Norwegian Fjord Trout exports up in value
Exports of Norwegian Fjord Trout in 2013 were up in value by NOK 580 million to a total of NOK 2.4 billion. This increase is attributable to higher prices. The volume of exports in the same period totalled 56,000 tonnes, about the same as in 2012.
While exports to eastern Europe have fallen, exports to the EU and Asia have increased. The EU, Poland and Lithuania are the main growth markets, while in growth is being led by Thailand and China in Asia.
In 2013, the average price for the most important product, fresh whole Norwegian Fjord Trout, was up by NOK 11.87 per kg or 40 percent to a total of NOK 41.53 per kg compared to 2012. This is NOK 1.80 higher than the average price for fresh whole Norwegian salmon.