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FEED & LIVESTOCK MARKET


October 10, 2012

 

Norway salmon exports hit US$37 million for Jan-Sep 2012
 

 

Norway's salmon exports reached NOK212.2 billion (US$37 million) in the first nine months of 2012, a slight downturn compared to the same period 2011.

 

The volume of exports in the same period totalled 714,000 tonnes, an increase of 25% or 141,000 tonnes compared to the first nine months of 2011, according to the latest figures from the Norwegian Seafood Council (NSC).

 

The value of Norwegian salmon exports in September increased up to to NOK2.4 billion (US$418 million), while the volume of exports in September was up by 7% to 86,000 tonnes.

 

"The slight fall in the value of Norwegian salmon exports this year to date is due to lower prices at the beginning of the year compared to the beginning of 2011," says senior analyst, Paul Aandahl, from the Norwegian Seafood Council. "The price fall was the result of increased supply from Norway and other salmon producing nations."

 

The average export price for fresh whole Norwegian salmon in the third quarter of 2012 was NOK 27.64 (US$4.81) per kilogramme, a drop from the same period last year. In September, the average price was NOK 26.35 (US$4.59) per kilogramme, a drop compared to September 2011 and August 2012.

 

The majority of Norwegian salmon export markets have seen strong growth in export volume in 2012. The biggest growth has been in exports to Russia, with volume up by 29,000 tonnes. Poland has also seen strong growth, with volume up by 20,000 tonnes. The volume of exports to France, the biggest market, was up by 12,000 tonnes.

 

Despite strong growth in the overall volume of Norwegian salmon exports, exports of frozen products have remained static. Fresh Norwegian salmon products now account for 90% of all Norwegian salmon exports.

 

The value of exports of Norwegian fjord trout in the third quarter of 2012 showed a growth of 22% compared to the same quarter last year.

 

The volume of trout exports in the third quarter of 2012 totalled over 39,000 tonnes. This is an increase of 56% or 14,000 tonnes compared to the same period last year. Russia is the biggest export market, accounting for 58% of total exports, followed by Japan, Belarus and Ukraine.

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