Norwegian salmon, trout export values up

The value of exports of Norwegian salmon went up 48 percent compared to July 2012, despite volumes dropping by 7 percent, according to the Norwegian Seafood Council.

The July value totaled NOK 3.3 billion (USD 555.5 million, EUR 417.5 million), an increase of NOK 1.1 billion (USD 185.2 million, EUR 139.2 million) over July 2012. The increase was not hampered by volumes, which were down 5,000 metric tons (MT), or 7 percent.

Year-to-date numbers are good, too, with values reported at NOK 20.7 billion (USD 3.5 billion, EUR 2.6 billion), which is up by NOK 4.5 billion (USD 757.4 million, EUR 569.3 million), or 28 percent over 2012.

“We are seeing continued growth in the value of exports of Norwegian Salmon, despite a reduction in export volume,” said Egil Ove Sundheim, director of market information for the council.

Sundheim said the reduction in volume has in part resulted in higher prices. The average price for July was NOK 45 (USD 7.57, EUR 5.69) per kilogram, a 67 percent increase over July 2012. Year-to-date average prices were up compared to last year, too.

Norwegian Fjord Trout also showed an increase in export value in July, totaling NOK 221 million (USD 37.2 million, EUR 28 million), an increase of 81 percent over July 2012. Year-to-date values were also up, by 30 percent over the same period in 2012.


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