Value Rises as Volumes Fall for Salmon Exports

March 9, 2011 10:02

Figures from the Norwegian Seafood Export Council reveal that export of Norwegian salmon in February was worth NOK 2.3 billion, reports with reference to NSEC.

This is the highest export value for salmon that has ever been registered for the month of February. The value of the salmon exports is NOK 327 million, or 16%, higher than February last year. At the same time, volumes fell by 2% to 54 thousand tonnes.

- The price increase for salmon, compared with February last year, lifts salmon exports to new heights, says Market Analyst Paul Aandahl at the Norwegian Seafood Export Council. - Demand for Norwegian salmon is still on the rise, and this leads to increased salmon prices when the growth in volume flattens out.

Ever higher salmon prices

The export price for fresh salmon in February was NOK 40.46 per kilo. This is NOK 6.80 higher than one year ago. The average price in February is NOK 0.98 higher than the average price in January.

Increased exports to the most important market for salmon

In February, export of salmon to Norway's largest market for salmon, France, increased by 5% to 7,786 tonnes. At the same time, its value increased by 22% to NOK 332 million. Export volumes to other important neighbouring markets, such as Poland and Russia, fell by 14% and 2%, respectively, in February.
Reduced exports to USA and China

Salmon exports to USA fell by 42% to 1,697 tonnes. The reduction was mainly a result of reduced exports of fresh sliced salmon. Another important market that also accepted less salmon from Norway in February was China. In total, exports to China fell by 79% to 276 tonnes, and the export reduction is across all salmon products.
Reduction in trout exports

Trout exports in February amounted to NOK 127 million, which is NOK 11 million less than in the same month last year. The export volume amounted to 2,789 tonnes. This is 975 tonnes or 26% less than in February last year. Exports to Russia, the dominant market for Norwegian trout, fell by 36% to 1,279 tonnes. Exports to Japan increased by 42% to 438 tonnes.

What is MEGAFISHNET.COM? is a global fish and seafood marketplace with an emphasis on APPROVED SUPPLIERS from such major sources as China, Russia, Vietnam, Europe, Americas, etc. More details →