March 8, 2023

Norway exported 81,645 tonnes of salmon worth US$839 million in February

Norway shipped 81,645 tonnes of salmon worth NOK 8.8 billion (~US$839 million; NOK 1 = US$0.095) in last month, with the US, Poland, and France making up the top three export destinations, Fish Information & Services reported.

Export value increased by NOK 1.2 billion, or 15% higher, compared to February 2022.

Norwegian salmon exports to the US in February 2023 totalled 6,604 tonnes, 41% higher year-on-year, at a value of NOK 432 million (~US$41 million), or 77% higher compared to the same month last year.

Paul T. Aandahl, Seafood Analyst with the Norwegian Seafood Council, said the increased shipments to the US was due to higher demand, a strong currency, and poor salmon production in other supplier countries.

Aandahl said salmon exports to China also increased, but shipments to Japan declined the most last month due to closed Russian airspace, resulting in higher shipping costs.

He said fresh salmon fillets have reached a record-high price of NOK 148 (~US$14.12) per kg, up NOK 9 (~US$0.86) per kg compared the previous record high reached in January 2023.

Fresh whole salmon also reached a record high NOK 102 (~US$9.73) per kg, NOK 4 (~US$0.38) per kg higher compared to the previous record month in May 2022.

-      Fish Information & Services