Norwegian salmon prices have risen 11 percent in three months

Leroy Seafood salmon on a plate

Norway exported 22,141 metric tons (MT) of salmon in week 47 of 2023, down from 22,492 MT exported in the corresponding week of 2022, and down from the 24,833 MT exported in week 46 of 2023, the Oslo Børs Fish Pool Price Status reported.

The average price of a kilogram of Atlantic salmon farmed in Norway has increased NOK 2.07 (USD 0.19, EUR 0.18), or 2.7 percent, over the past week, according to The Nasdaq Salmon Index.

The index, which provides weekly sales updates and a weighted average price for fresh, head-on gutted Atlantic superior salmon from Norway, found the average per-kilogram price of salmon has declined NOK 1.58 (USD 0.15, EUR 0.13) over the past four weeks, but is up NOK 8.14 (USD 0.76, EUR 0.70) over the past 12 weeks.

The Norwegian Salmon Council's weekly report on Norwegian seafood exports, meanwhile, indicated that the country exported 22,216 MT of salmon. The largest volume of salmon was exported to the E.U., with 17,267 MT, less than the 17,937 MT in the same week of 2022. 

In Europe, Poland received 4,833 MT of Norwegian salmon, down from last week’s 5,121 MT; France imported 2,325 MT, down from 2,452 MT; the Netherlands imported 2,039 MT, down from 2,402 MT; Denmark imported 1,751 MT, down from 2,410 MT; Spain imported 1,539 MT, down from 1,795 MT; Italy imported 1,357 MT, down from 1,393 MT and the United Kingdom imported 1,206 MT, down from last week’s 1,393 MT.

China received 897 MT, up from last week’s 859 MT, and the U.S. imported 374 MT, down from last week’s 539 MT.

One- to 2-kilogram salmon accounted for 0.74 percent of total sales, with an average price of NOK 65.44 (USD 6.14, EUR 5.59), a decline of NOK 1.50 (USD 0.14, EUR 0.13) over last week, Fish Pool reported. Two-to-3-kilogram salmon accounted for 13.14 percent of total sales, and sold for an average of NOK 73.63 (USD 6.91, EUR 6.29), up NOK 1.36 (USD 0.13, EUR 0.12).

Salmon in the 3- to 4-kilogram range comprised 25.36 percent of all fish sold, and had a per-kilogram average price of NOK 77.79 (USD 7.30, EUR 6.64), an increase of NOK 1.67 (USD 0.16, EUR 0.14). The 4-to-5-kilogram category, comprising 29.40 percent of total sales, saw its average price increase by NOK 2.46 (USD 0.23, EUR 0.21), to NOK 79.09 (USD 7.42, EUR 6.75).

Salmon between 5 and 6 kilograms, representing 21.98 percent of total sales, icreased to an average per-kilogram price of NOK 79.75 (USD 7.48, EUR 6.81), up NOK 2.10 (USD 0.20, EUR 0.18), while 6- to 7-kilogram salmon, which accounted for 7.27 percent of the total distribution, sold for an average of NOK 83.48 (USD 7.83, EUR 7.13), an increase of NOK 3.31 (USD 0.31, EUR 0.28). The price of salmon weighing between 7 and 8 kilograms increased to NOK 85.38 (USD 8.00, EUR 7.29), and made up 1.77 percent of the total distribution. Salmon in the 8- to 9-kilogram range increased the most week over week, rising NOK 4.16 (USD 0.39, EUR 0.35) to NOK 89.83 (USD 8.43, EUR 7.68). 

Fish Pool reported November's futures pricing increased to NOK 79 (USD 7.41, EUR 6.75) from last week’s NOK 77.75 (USD 7.21, EUR 6.63). December's future pricing was flat, and slightly increased to NOK 85.50 (USD 8.02, EUR 7.30) from last week’s NOK 85.25 (USD 7.62, EUR 7.01). 

Photo courtesy of Leroy Seafood US/Facebook


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