Data out of the Norwegian Seafood Council, aggregated by the SeafoodSource Pricing Portal, showed a decline in the volume of Norwegian salmon exports to Poland in Week 28 (6 to 12 July), while several other major markets increased their imports of Norwegian salmon.
Despite an 11 percent decrease in import volumes for all categories of Norwegian salmon over the period in question, Poland was still the largest market for Norwegian salmon by a wide margin.
China saw a 3 percent increase in import volume of all categories of Norwegian salmon during the same period, while France and Spain saw 10 percent and 2.3 percent increases, respectively. The only other large market that saw a volume decline during the period was the Netherlands, which saw a drop of 2.3 percent in export volume out of Norway.
The volume shifts tracked with price changes during weeks 27 and 28. Norway exported slightly less volume than it had previously in Q2 during these weeks, and prices ticked up accordingly.
Poland is a very price sensitive market for Norwegian salmon because it is primarily made up of processors. The Netherlands is also a processing and re-export hub for Atlantic salmon to Europe.
China is far less price sensitive, at least at the moment, as Norwegian salmon has grown dramatically in popularity with consumers in recent years. Large price spikes over the last few months have not changed export volumes to the nation meaningfully.
The largest markets for whole fresh salmon from Norway during the period were Poland, the Netherlands, China, Spain, and France.
The largest markets for fillets during weeks 27 and 28 were the U.S., Poland, France, and Japan.