Norway salmon exports already exceed 2012 figures


SeafoodSource staff

Published on
November 7, 2013

According to figures from the Norwegian Seafood Council, the value of Norwegian salmon exports is already NOK 2 billion (USD 331.4 million, EUR 247.3 million) more than for the whole of 2012.

For the first 10 months of the year, the value of Norwegian salmon exports reached NOK 31.4 billion (USD 5.2 billion, EUR 3.9 billion).

“These record figures are attributable to a combination of high salmon prices and large volumes,” said Bjørn-Erik Stabell, manager salmon and trout with the council. “That prices have stayed high despite the record volumes of salmon being landed is the result of continuing growth in demand for Norwegian salmon.”

The average price for fresh whole Norwegian Salmon in October was NOK 37.80 (USD 6.30, EUR 4.67) per kilogram (kg). By comparison, the price in October 2012 was NOK 25.70 (USD 4.26, EUR 3.18) per kg. From September to October the price increased by NOK 4.30 (USD 0.71, EUR 0.53) per kg.

Norwegian salmon exports to the EU continued the upward trend from the previous month, increasing by 9 percent in October compared to the same month the previous year. The biggest importers of Norwegian salmon in the EU are France and Poland.

The volume of exports of Norwegian Salmon to Eastern Europe in October was on a par with October 2012. It is worth noting that for the first time in 2013 Russia has imported more Norwegian Salmon than in the same month of the previous year.

The Asian markets also imported more Norwegian salmon in October than in the same month in 2012. Imports were up by 8 percent, somewhat below the average for all markets. Southeast Asia is the region in Asia with the strongest growth in demand.

Exports to the U.S. continued the positive trend from the previous month, with the volume of exports totaling 3,221 metric tons (MT) in October. This is an increase of 2,368 MT compared to October last year.

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