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MARKET ANALYSIS
 
Norwegian salmon price increases in July
 
Salmon continues to drive Norway’s seafood exports, which totalled 164,000 tonnes of seafood worth NOK7.8 billion (US$864.56 million) in July.
 
“Growth in the export volume of salmon in July, combined with increased prices, is the main reason why the value of Norwegian seafood exports has remained high during July”, said Paul T. Aandahl, seafood analyst with the Norwegian Seafood Council (NSC).
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Norway exported 90,700 tonnes of salmon with a value of NOK5.8 billion ($642.94 million) in July. This is a volume increase of 4% and a value increase of 11% or NOK584 million compared with July last year.
 
During the first seven months, Norway exported 595,000 tonnes of salmon worth NOK40.3 billion ($4,47 billion). Volume increased by 4%, while export value increased by 7% or NOK2.5 billion from the same period last year.
 
The average price for whole fresh salmon in July was NOK59.55 ($6.60) per kg, compared with NOK56.38 ($6.25)/kg in July last year.
 
Poland, France and Denmark were the largest markets for salmon in July.
 
According to Aandahl, demand for salmon continues to increase, with the largest growth being exports to Asia, mainly driven by improved access to the Chinese market.
 
“This has led Norwegian exporters to be better able to exploit the potential that exists in this market”, he said.-
 
 
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