June 28, 2017
Norway's seafood export value grows 13% in May
Norway's seafood export volume in May (163,000 tonnes) remained at the same level as a year before. Export value at NOK7.6 billion (US$901.58 million) , however, increased 13%, or by NOK 888 million, the Norwegian Seafood Council (NSC) said.
In the five months through May, Norway exported 1.1 million tonnes, or 3% more of seafood worth NOK39 billion ($4.63 billion). Year-on-year growth in value was 9%, or NOK3.2 billion.
"In May, we saw growth in exports for all the major commercial species such as salmon, cod, haddock and saithe. In particular, demand for Norwegian salmon in Asia increased. This means that an increasing proportion of Norwegian salmon goes to raw consumption. The salmon price was NOK70 per kg in May, which is the second-highest price measured this year", said Paul T. Aandahl, analyst at the NSC.
Norway exported 73,000 tonnes of salmon, 5% down (equivalent to 3,800 tonnes) with a value of NOK 5.3 billion in May. The value increased by NOK535 million, or 11%, from May last year. During the first five months, Norway exported 377,000 tonnes of salmon worth NOK26 billion.
The average price of fresh whole salmon in May rose to NOK69.98 ($8.30) per kilogramme from NOK60.17 ($7.14) per kg in May 2016. Poland, France and Denmark were the largest importers of salmon from Norway in May.
Trout exports
Norway exported 2,900 tonnes of trout in May, 43% down from May last year. Value amounted to NOK 236 million, down 16%, or NOK45 million.
From January to May, Norway exported 14,000 tonnes of trout worth NOK1.1 billion. Japan, Thailand and the US were Norway's largest trout markets in May.
Norway exported 70 tonnes of king crab in May, a decrease of 10% (or 8 tonnes). Value, however, increased 5%, or by NOK 801,000. South Korea, Japan and the US were the most important king crab markets in May.
Exported prawns in May totaled 842 tonnes, an increase of 5%, or 42 tonnes. Value was about NOK60 million, unchanged from May last year. Sweden, Finland and the UK were the main markets for prawn in May.
