The value of exports of Norwegian Salmon in the 1st quarter of 2013 totalled NOK 8.2 billion. This is an increase of 22% or NOK 1.5 billion compared to the 1st quarter of 2012, according to the latest figures from the Norwegian Seafood Council. In March, exports of Norwegian Salmon totalled NOK 3 billion, an increase of 12% or NOK 312 million compared to March last year.
“Reduced supplies from Norway combined with growth in demand is pushing up the price of Norwegian Salmon,” says Paul Aandahl, senior market analyst from the Norwegian Seafood Council. “This strong price rise has resulted in record value for Norwegian Salmon exports.”
Strong rise in prices for Norwegian Salmon
Since October 2012, export prices have been trending upwards. The average export price for fresh whole Norwegian Salmon has increased from NOK 25.73 per kg in October last year to NOK 37.69 per kg in March this year. In the 1st quarter of 2013 the average export price for fresh whole Norwegian Salmon was NOK 36.27 per kg. This is 32% or NOK 8.84 per kg higher than in the 1st quarter of 2012.Strong growth in exports to the EU
In the 1st quarter of 2013 , the volume of Norwegian Salmon exports in terms of product weight is down by 4% to 217,000 tonnes. Yet despite this general downward trend for exports worldwide, 1st quarter exports to the EU were up by 3% or 3,800 tonnes. The EU is the most important market for Norwegian Salmon, accounting for a 68% share of total export volume. The most important growth markets in the EU in the 1st quarter were Poland, the UK and Germany. France is the biggest market, with exports of Norwegian Salmon on a par with 1st quarter 2012 levels, while exports to Denmark and Sweden were down.Negative trend in export volume to eastern Europe and Asia
In the 1st quarter of 2013, the volume of exports of Norwegian Salmon to Asia was down by 6,400 tonnes compared to the same period last year. The biggest reduction was in export volume to Taiwan and Japan. The volume of exports to eastern Europe fell in total by 6,000 tonnes, attributable to a decline in exports to Russia.
Source: Norwegian Seafood Council