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April 8, 2013

 

Norway's Q1 2013 salmon exports jump by 22%

 

 

Norway's salmon exports' value totalled NOK8.2 billion (US$1.4 billion) in the first quarter of 2013, an increase of 22% or NOK1.5 billion (US$262 million) compared to the first quarter of 2012.

 

This is according to the latest figures from the Norwegian Seafood Council (NSC).

 

In March, exports of salmon totalled NOK3 billion (US$524 million), an increase of 12% or NOK312 million (US$54.5 million) compared to March last year.

 

Since October 2012, export prices have been trending upwards. The average export price for fresh whole salmon has increased from NOK25.73 (US$4.50) per kilogramme in October last year to NOK37.69 (US$6.58) per kilogramme in March this year.

 

In the first quarter of 2013 the average export price for fresh whole salmon was NOK36.27 (US$6.33) per kilogramme. This is 32% or NOK8.84 (US$1.54) per kilogramme higher than in the first quarter of 2012.

 

In the first quarter of 2013, the volume of salmon exports in terms of product weight is down by 4% to 217,000 tonnes. Yet despite this general downward trend for exports worldwide, first quarter exports to the EU were up by 3% or 3,800 tonnes.

 

The EU is the most important market for salmon, accounting for a 68% share of total export volume. The most important growth markets in the EU in the first quarter were Poland, the UK and Germany. France is the biggest market, with exports of salmon on a par with first quarter 2012 levels, while exports to Denmark and Sweden were down.

 

In the first quarter of 2013, the volume of exports of salmon to Asia was down by 6,400 tonnes compared to the same period last year. The biggest reduction was in export volume to Taiwan and Japan. The volume of exports to Eastern Europe fell in total by 6,000 tonnes, attributable to a decline in exports to Russia.

 

The value of exports of fjord trout set a new record high in the first quarter of 2013, totalling NOK482 million (US$84 million). This is 20% or NOK79 million (US$14 million) higher than in the same period last year. In terms of volume, exports in the same period increased by 4% to a total of 13,000 tonnes. The volume of exports to Russia, the biggest export market for fjord trout with a 50% share of the total export volume, fell by 4% in the first quarter. Exports to the next biggest market, Japan, were down in volume by 9%, while exports to Belarus were up in volume by 34%.

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