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FEED & LIVESTOCK MARKET


December 10, 2012

 

Norway's November salmon exports up by 13%

 

 

Norway's volume of salmon exports totalled 101,000 tonnes in November, an increase of 13% compared to the same month in 2011.

 

The value of exports in November totalled almost NOK3 billion (US$528 million), an increase of almost NOK472 million (US$83 million) or 19% compared to November last year.

 

This year to date, Norwegian salmon exports have totalled 907,000 tonnes in volume and NOK26.8 billion (US$4.7 billion) in value. The growth in the volume of exports for the year to date has been 22%, while the growth in value has been up by 1% or NOK346 million (US$61 million) compared to the same period last year.

 

"The growth in the value of exports in November is being driven primarily by volume growth," says market analyst Paul Aandahl from the Norwegian Seafood Council. "Yet despite the strong growth in the volume of exports, prices for Norwegian salmon were higher than in November last year. This growth is being driven by continued positive trends in sales of fresh and smoked Norwegian salmon for domestic consumption in most markets."

 

In November, the average export price for fresh whole Norwegian salmon was NOK27.10 (US$5) per kilogramme. This is NOK2.03 (US$0.36) higher than in November last year and NOK1.36 (US$0.24) up on the previous month.

 

The importance of the EU as a market for Norwegian salmon increased in November. Growth in exports to the EU was above average. Among EU countries, Poland led the way with an increase in the volume of exports of no less than 33%. In November, Poland was the second most important market for Norwegian salmon after France, which saw the volume of exports grow by 18%. Total exports to the EU as a whole increased by 16% in November.

 

Following growth in the volume of exports to Russia in October of 21%, the on-year trend turned in November. Compared to November last year, the volume of exports was down by 5% to a total of 13,568 tonnes. However, for the year to date the volume of exports of Norwegian Salmon to Russia shows healthy growth of 33% to a total of 120,000 tonnes.

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