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February 20, 2012

 

Norway's January salmon exports up 22%

 

 

Norway exported 67,000 tonnes of salmon in January 2012, up 22% or 12,000 tonnes from a year ago.

 

The value of exports of salmon last month totalled NOK1.9 billion (US$332 million), down by NOK423 million (US$73.9 million) or 18% from the same month last year.

 

"In January, the export price for fresh whole salmon was NOK25.99 (US$3.45) per kg. This is NOK13.48 (US$2.35) lower than a year ago and NOK0.89 (US$0.16) lower than in December 2011. As a result of this significant fluctuation in price, the value of exports in January is down from the same month last year," explains senior market analyst Paul Aandahl from the Norwegian Seafood Council.

 

Never before has the volume of exports of salmon registered for the month of January been so high. Compared to January 2005, volume has more than doubled. During this period Russia, France and Poland have accounted for the biggest increases in export volume.

 

Measured in terms of volume, the biggest growth in the first month of the year was in exports to France and Russia. The volume of exports of salmon to Russia totalled 10,173 tonnes, up by 57% compared to January 2011. Fresh whole salmon is the biggest product, accounting for no less than 93% of total exports.

 

Exports of salmon to France in January totalled 8,917 tonnes, up from 7,884 tonnes in the same month last year. This is an increase of 13%. Fresh whole Salmon is also the most important single salmon product exported to France, accounting for 84% of the total exports. Fresh fillets account for a further 15%.

 

The volume of exports of salmon to the US in January totalled 1,322 tonnes. Compared with the same month in 2011 and 2010, this marks a fall of 30% and 51% respectively.

 

The US market has also seen a shift in demand from fresh fillets to frozen fillets. In January 2010, fresh fillets accounted for 72% of the total volume of salmon exports to the US and frozen fillets 19%. For the same period in 2011 the figures were 50% and 29%, while this year the breakdown is 22% and 56%.

 

The volume of exports of Norwegian fjord trout in January totalled 4,697 tonnes, up by an impressive 77% from the same month last year. In terms of value exports totalled NOK146 million (US$25.5 million), an increase of NOK26 million (US$4.54 million). Russia remains the biggest market, followed by Japan and Taiwan.

 

In January 2012 the average price of fresh whole Norwegian fjord trout was NOK30.01 (US$5.24), a reduction of NOK15.32 (US$2.67) compared to the same month last year. The fall in price was greater than for fresh whole salmon.

 

The difference in price between fresh whole Norwegian fjord trout and fresh whole salmon was NOK4.02 (US$0.70). In January 2011 the difference in price was NOK5.61 (US$0.98).

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