Prices for whole, fresh Atlantic salmon from Norway continued to slide downward in Week 20, with an average global price on 17 May, at the start of Week 21, of NOK 79.51 per kilogram (USD 8.56, EUR 7.06), down from NOK 85.00 per kilogram (USD 9.15, EUR 7.55) one week earlier on 10 May, according to the SeafoodSource Pricing Portal.
Prices for frozen whole salmon saw even bigger declines during the week, with the average global price of NOK 81.01 per kilogram (USD 8.72, EUR 7.19) on 10 May falling to NOK 71.53 per kilogram (USD 7.70, EUR 6.35) by 17 May.
Fresh fillets, which sell for a much higher average premium, also saw a price decline, continuing a trend highlighted as the 3 May global average fillet price, which reached NOK 157.45 per kilogram (USD 16.94, EUR 13.98), dropped to NOK 132.59 per kilogram (USD 14.27, EUR 11.77) by 10 May. By 17 May that price had fallen further, and sat at NOK 128.24 per kilogram (USD 13.80, EUR 11.39).
So far, price trends in 2026 appear to be operating similarly to those of 2025, which saw a sharp departure from trends of previous years when prices for Atlantic salmon from Norway were considerably stronger. Significant change in overall prices occurred in 2025, thanks largely to challenging biological conditions in Norway and to competition from other geographical production areas. Since 2025, prices have been marked by week-to-week volatility rather than clean seasonal trends.
The average price globally for all categories of Atlantic salmon from Norway on 10 May was NOK 84.40 per kilogram (USD 9.08, EUR 7.49) on 17 May, down from NOK 90.31 per kilogram (USD 9.72, EUR 8.02) one week earlier on 10 May.
The Sitagri Salmon Index, which reflects FCA Oslo prices for Atlantic salmon at its first point of sale in Norway, saw similar patterns of price decline, though slightly lower prices overall. This is expected due to the different nature of the sources' data: the SeafoodSource Pricing Portal aggregates trade level data, while Sitagri produces weighted averages of prices shared weekly by large salmon producers.
Sitagri saw a 6.9 percent overall drop in the average price of salmon exported from Norway, placing its Week 20 average at NOK 72.56 per kilogram (USD 7.81, EUR 6.44), down from NOK 77.94 per kilogram (USD 8.39, EUR 6.92) in Week 19.
For 3- to 6- kilogram weighted salmon, Sitagri saw a 6.6 percent price drop over the course of the week, with the average falling to NOK 73.63 per kilogram (USD 7.92, EUR 6.54), down from NOK 78.86 per kilogram (USD 8.49, EUR 7.00) in Week 19.
Poland was, as usual, the biggest importer of all categories of Atlantic salmon exported from Norway this week. Average prices paid in Poland as of 17 May were NOK 76.05 per kilogram (USD 8.18, EUR 6.75), NOK 8.35 below the global average for the week, and down from NOK 80.11 per kilogram (USD 8.62, EUR 7.11) one week earlier.
China, also as usual, was the second largest import market for all categories of Atlantic salmon from Norway. Average prices in China this week were NOK 83.69 per kilogram (USD 9.00, EUR 7.43), just below the global weekly average of NOK 84.40 per kilogram (USD 9.08, EUR 7.49). This week's average price represented a huge week-over-week decline in the Chinese market, as prices on 10 May averaged NOK 109.14 per kilogram (USD 11.74, EUR 9.69).
This price decline was largely due to declines in the prices of whole fresh fish. Whole fresh fish dropped by NOK 5.49 week over week from a 10 May average of NOK 85 per kilogram (USD 9.15, EUR 7.55) to a 17 May average of NOK 79.51 per kilogram (USD 8.56, EUR 7.06). Whole frozen fish dropped even more precipitously, from a 10 May price of NOK 81.01 (USD 8.72, EUR 7.19) to a 17 May price of NOK 71.53 per kilogram (USD 7.70, EUR 6.35), a decline of NOK 9.48 (USD 1.02, EUR 0.84). Prices for fresh fillets in China changed minimally over the course of the week, from NOK 130.97 per kilogram (USD 14.09, EUR 11.63) on 10 May to NOK 130.45 per kilogram (USD 14.04, EUR 11.58) on 17 May.
Sitagri reported big week to week price changes for the largest fish exported from Norway, which may account for some of the week-over-week price change in China, where large fish are particularly valued. Sitagri reported 8- to 9- kilogram fish dropped to an average price of NOK 66.59 per kilogram (USD 7.17, EUR 5.91) in Week 20, a NOK 7.55 (USD 0.81, EUR 0.67) week over week drop.
According to Sitagri, the most-sold fish sizes this week were in the 3- to 8- kilogram range, but these sizes also saw the biggest week over week price declines. The average price of 3- to 4 kilogram fish was NOK 72.80 per kilogram (USD 7.83, EUR 6.46), a week over week decline of NOK 4.66. The average price of 4- to 5- kilogram fish was NOK 73.63 per kilogram (USD 7.92, EUR 6.54), down NOK 5.48 week over week.
The average price of 5- to 6-kilogram fish reached NOK 74.43 per kilogram (USD 8.01, EUR 6.61), down NOK 5.47 (USD 0.59, EUR 0.49) week over week. For 6- to 7-kilogram fish the average price was NOK 72.12 per kilogram (USD 7.76, EUR 6.40), down 5.95 week over week. For 7- to 8-kilogram fish the price dropped to NOK 70.10 per kilogram (USD 7.54, EUR 6.23), down NOK 7.55 (USD 0.50, EUR 0.41) week over week.
The largest import markets for whole, fresh fish this week were Poland, China, Spain, Netherlands, and France.
The largest import markets for fresh fillets were the United States, Poland, Spain, Japan, and France. Import markets that often pay extremely high premiums for fresh fillets, such as Japan, which saw an average price of NOK 384.27 per kilogram (USD 41.35, EUR 34.12) on 3 May, saw much lower prices this week, with an average price of NOK 127.27 per kilogram (USD 13.69, EUR 11.30) per kilogram.
Norwegian exports of Atlantic salmon were down 5.3 percent, or 1,160 MT week over week, according to Sitgari, and up 6.6 percent, or 1,283 MT from Week 20 last year.
Futures for the rest of 2026 are currently trending downward, with June 2026 currently at EUR 7,400 per MT (USD 8,583, NOK 83,250), July at EUR 6,740 per MT (USD 7,818, NOK 75,825), August at EUR 6,400 per MT (USD 7,423, NOK 72,000), and September at EUR 6,230 per MT (USD 7,226, NOK 70,088). Q3 currently sits at EUR 6,270 per MT (USD 7,272, NOK 70,538) and Q4 at EUR 6,977 per MT (USD 8,092, NOK 78,491).
