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Salmon Exports Increase In Volume and Value

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Salmon Exports Increase In Volume and Value

Norway exported salmon worth NOK 3.3 billion in February. An increase of 2 per cent or NOK 80 million year-on-year, according to figures from the Norwegian Seafood Council. 73,250 tonnes of salmon were exported from Norway in February. This represents an increase of 11 per cent compared to February 2014.

“While we are seeing strong growth in salmon exports to the EU, Asia is also growing strongly. The growth in volume combined with the loss of the Russian market is the main reason for the price drop we've seen so far in 2015”, said Paul Aandahl, branch manager for salmon at the Norwegian Seafood Council.

Salmon exports lower, but prices still strong

The average export price for fresh whole salmon in February was NOK 42.20 per kg. A decrease of 11 per cent, or NOK 5.39 per kg year-on-year. Compared with the previous month of January 2015, export prices decreased by 5 per cent or NOK 2.01 per kg.

Supply to the EU increases in both volume and value

Norway exported salmon to the EU valued at NOK 2.3 billion in February. This represents an increase of 7 per cent year-on-year. The export volume to the EU, measured by volume, was 53,647 tonnes in February. This is an increase of 8,217 tonnes or 18 per cent compared with February 2014. France, Poland and the United Kingdom were the largest export markets for Norwegian salmon in February.

Eastern European exports affected by the import ban

Norway exported salmon to eastern Europe worth NOK 94 million in February. This is a decline of 76 per cent, or NOK 300 million compared to February 2014. By volume, 2,578 tonnes of salmon were exported to the region in February. This is a reduction of 70 per cent or 6,087 tonnes year-on-year. The strong reduction is due to the continuing Russian import ban, and a strong decline in exports to Ukraine.

Meanwhile there has been a strong increase in the volume of salmon exports to Turkey. From 299 tonnes in February last year to 885 tonnes in February this year. This corresponds to a 153 per cent increase in value, from NOK 22 million in February 2014, to NOK 36 million in February this year.

Increase to Asia and the US

Salmon worth NOK 616 million was exported to Asia in February. An increase of 28 per cent year-on-year. Export prices were lower than in February 2014, but the increases in exports volumes contributed to the growth in value. 12,641 tonnes of Norwegian salmon were exported to Asia in February. This represents an increase of 36 per cent or 3,378 tonnes compared with February 2014.

Norway exported salmon to the US worth NOK 177 million in February. This is an increase of 27 per cent compared to February 2014. The growth in the value of exports is due to a volume increase of 48 per cent, to 2,766 tonnes, but at a somewhat lower export price for fresh whole salmon.

Decline in exports of trout

Norway exported trout totalling NOK 145 million in February. This is a decline of 27 per cent or NOK 54 million compared to February 2014. Export volumes fell simultaneously by 21 per cent to 3,070 tonnes. The average price achieved for fresh whole trout was NOK 40.29 per kg, which is 18 per cent lower than in February 2014. Poland was the biggest market for trout in February, followed closely by Japan.

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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 offices in thirteen 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.

Press contacts

Paul T. Aandahl

Paul T. Aandahl

Seafood Analyst +47 975 04 124

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