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October a record month for Norwegian salmon exports

Press release   •   Nov 04, 2015 04:59 UTC

Norway salmon exports totalled almost NOK 4.7 billion in October. An increase of NOK 720 million, or 18 per cent year-on-year. This also represents an all time high for salmon export sales in a single month. So far this year, Norwegian salmon exports have totalled NOK 38.3 billion. This is an increase of NOK 2.6 billion, or 7 per cent, compared to the same period in 2014.

“This export record is the result of strong growth in demand from our neighbouring markets in the EU. In addition to Norwegian seafood exporters achieving record volume, price also increased”, says analyst Paul Aandahl.

Norway exported 103,360 tonnes of salmon in October. This is the largest ever single-month volume total, and an increase of 2.7 per cent compared with October 2014.

So far this year, salmon exports have totalled 851,000 tonnes. This is an increase of 3.6 per cent compared to the same period last year.

A significant increase in salmon prices

The average export price for fresh whole salmon in October was NOK 41.96 per kg. An increase of 18 per cent compared to October 2014. Average salmon prices in October remained more or less unchanged from September.

Strong growth for salmon exports to EU markets

Norwegian salmon exports to the EU region were worth NOK 3.5 billion in October. This represents an increase of nearly 23 per cent year-on-year. Exports by volume were 81,000 tonnes. An increase of 6 per cent from October 2014. Poland and France were the biggest markets for Norwegian salmon in October.

Salmon exports to Eastern Europe decrease

Salmon exports to Eastern Europe were worth NOK 133 million in October. This marks a decrease of 1.6 per cent compared to October 2014. Exports by volume were also reduced, by almost 11 per cent, to a total of 3,900 tonnes.

Salmon exports increase to Asia and the US markets

Salmon exports to the Asian markets totalled NOK 674 million in October. An increase of 13 per cent compared with the same month last year. Exports by volume were 13,000 tonnes. A reduction of 8 per cent compared with the same month in 2014.

Salmon exports to the United States totalled NOK 235 million in October. This represents an increase of 13 per cent compared to October 2014. October exports by volume totalled 3,400 tonnes.

Trout exports decline in value

Trout exports reached NOK 240 million in October. A decrease of NOK 7.5 million or 3 per cent from October 2014. Trout exports by volume in October were 5,691 tonnes. A decrease of 3 per cent year-on-year. So far this year, trout exports have totalled NOK 1.8 billion. This marks a decline of NOK 276 million, or 13.6 per cent, compared to the same period in 2014.

The Norwegian Seafood Council works with the Norwegian fisheries and aquaculture industries to develop markets for Norwegian seafood through local market intelligence, market development and reputational risk management. The Seafood Council is headquartered in Tromsø and maintains local representatives in twelve of Norway's most important international markets. The Norwegian seafood industry finances the activities of the Norwegian Seafood Council via a tariff on all Norwegian seafood exports.

The Norwegian Seafood Council is a public company owned by the Ministry of Trade, Industry and Fisheries.