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Strong growth in Norwegian salmon exports

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Strong growth in Norwegian salmon exports

Norway exported salmon worth NOK 4.3 billion in September. An increase of NOK 780 million or 22 per cent compared with September 2014. Exports by volume rose by 5,000 tonnes, or 6 per cent, to a September total of 95,000 tonnes.

Year-to-date salmon exports totalled NOK 33.6 billion. This represents an increase of NOK 1.9 billion or 6 per cent compared with the same period last year. Measured by product weight, 748,000 tonnes of salmon have been exported so far this year. This is an increase of 3.8 per cent compared with the same period in 2014.

”A combination of increased volume and considerably higher prices are the reasons for the rise in salmon export income. There is strong and continuing demand for fresh Norwegian salmon from our neighboring markets in EU”, says Paul T. Aandahl, Salmon & Trout Analyst with the Norwegian Seafood Council.

Strong salmon prices in September

The average price achieved for fresh whole salmon in September was NOK 41.76 per kilo. This is 20 per cent higher than September 2014. The average price for salmon across the whole of this year has been NOK 41.73 per kilo. This is NOK 0.46 million, or 1 per cent higher compared with the first nine months of 2014.

Significant growth from EU markets

Norwegian salmon exports to the EU totalled NOK 3.2 billion in September. This is an increase of 30 per cent compared with September 2014. So far this year, Norway exported salmon to the EU worth NOK 24.8 billion. An increase of 14 per cent compared with the same period last year.

Measured by volume, 74,500 tonnes of salmon were exported to the EU in September. This represents an increase of 12 per cent compared with September 2014. 571,000 tonnes of salmon have been exported to the EU year-to-date. This is 63,000 tonnes more than the same period last year. The biggest buyers of Norwegian salmon, both year-to-date and in the month of September, were Poland and France.

Increased exports to Asia and the US

Norway exported salmon to Asia worth NOK 592 million in September. This is an increase of 4 per cent compared with September 2014. In the year-to-date Norway exported salmon worth NOK 5.3 billion to the Asian markets. This is an increase of 13 per cent compared to the same period in 2014. Year-to-date exports by volume to Asia totalled 111,000 tonnes.

Norway exported salmon worth NOK 223 million to the United States in September. This represents an increase of 50 per cent compared to September last year. So far this year Norway has exported salmon worth NOK 1.8 billion to the US. This is an increase of NOK 430 million compared with the same period in 2014. Measured by volume, salmon exports increased by 38 per cent this year, to total 27,500 tonnes.

Trout exports are reduced

Norway exported trout to a value of NOK 198 million in September. This is a reduction of NOK 9 million, or 4 per cent from September 2014. The biggest purchasers of Norwegian trout in September were Japan and Canada. The average export price achieved for fresh whole trout was NOK 38.20 per kilo in September, which is the same price as a year ago.

In the year-to-date, trout exports were worth NOK 1.5 billion. This is a reduction of NOK 254 million, or 14 per cent, compared with the same period last year. So far this year Norway has exported 35,000 tonnes of trout measured by product weight, a reduction of 3,300 tonnes compared to the first nine months of 2014. 

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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 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.

Press contacts

Paul T. Aandahl

Paul T. Aandahl

Seafood Analyst +47 975 04 124

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