Salmon exports grow in value in August

Norwegian salmon exports totalled NOK 3.7 billion in August. This represents an increase of NOK 411 million, or 12 per cent compared with the same month in 2014. Exports by volume were reduced by 3,700 tonnes, or 4 per cent year-on-year, to 80,000 tonnes.

Year-to-date salmon exports total NOK 29.4 billion. This is NOK 1.2 billion, or 4 per cent more than the same period in 2014. Volume exports are up by 23,000 tonnes compared with last year. The total volume of salmon exported this year has reached 654,000 tonnes.

”The development in salmon exports, following the Russian import ban, shows how adaptable the Norwegian salmon industry is. During the 12 months since the ban came into effect, the salmon industry increased exports to established markets like the UK, Spain and Italy. Norwegian salmon exporters have, in addition, benefited from a weaker Norwegian krone”, says Paul T. Aandahl, Analyst for Salmon and Trout at the Norwegian Seafood Council.

Higher salmon prices

The average export prices achieved for fresh whole salmon in August reached NOK 43.33 per kilo. This is NOK 7.47 higher than in August 2014. Prices in August were 1 per cent lower than the average prices in July.

Nominal growth across EU region

Norway salmon exports to the EU were worth just under NOK 2.8 billion in August. An increase of 17 per cent year-on-year. By volume, the EU region was down by 2 per cent, to total 62,400 tonnes. In August, the EU accounted for 78 per cent of all Norwegian salmon exported. Poland and France were the largest markets for Norwegian salmon in August.

Increased exports to Asia and the US

Salmon exports to Asia totalled NOK 569 million in August. This is an increase of 4 per cent year-on-year. Growth has been driven by a higher export price. Meanwhile, volumes were 12 per cent, or 1,400 tonnes down compared with August 2014.

Salmon exports to the United States were worth NOK 199 million in August. An increase of 46 per cent compared with August 2014. Export volumes increased by nearly 800 tonnes to total 2,800 tonnes.

Trout exports reduced

In August Norway exported trout worth NOK 183 million. This is an increase of NOK 37 million, or 26 per cent compared to the same month in 2014. Exported volume, measured by product weight, increased by 32 per cent in August to total of 4,200 tonnes. By volume, Belarus, Poland and Japan imported the most trout in August.

So far this year, exports of trout have totalled NOK 1.3 billion. This is a reduction of NOK 251 million, or 15 per cent compared with the same period last year.