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Salmon/Farmed Fish

 
Report Date: Monday, October 16, 2017
 
 
 

This report covers the activity of salmon in Norway, focusing on aspects such as harvests, prices, markets and exports and imports.

EUROPE

Norway

Prices

The future price for 3 to 6 kg is NOK 55.00 (EUR 5.85/kg) for October; for November and December they expect it to be NOK 61.10 and 63.90 respectively (EUR 6.49 and 6.78/kg).

During week 40, the average price of fresh salmon was NOK 56.61/kg (EUR 6.02/kg). This figure is down 1% on that of the previous week and 3% on that of the same week in 2016. Compared with the same week in 2015, it was up 41%, according to Norwegian Statistics. The weekly average FOB price at Norwegian Customs of fresh salmon exports (HS 03121201 and 03121202) has been NOK 63.87/kg (EUR 6.79/kg) so far this year, up 8% on that of the same period in 2016 and 52% on that of 2015.

Graph 1: Average weekly price of fresh farmed salmon exports,
2013/2017, in NOK/kg

Source: Norwegian Statistics

The average price of exports of frozen salmon was NOK 59.77 (EUR 6.35/kg), up 1% on that of the previous week and 6% on that of the same week in 2016. It was up 39% on that of 2015. So far this year, the average price of exports of frozen salmon has been NOk 65.94 (EUR 7.01/kg), up 17% in value on that of 2016 and 51% on that of 2015.

Graph 2: Average weekly price of exports of frozen farmed salmon,
2013/2017, in NOK/kg

Source: Norwegian Statistics

Markets

Exports of fresh salmon during the analysed week reported 18,964 tonnes. This figure is down 2% on that of the previous week, up 4% on that of the same week in 2016 and up 2% on that of 2015. In the year, exports of salmon have reached 614,755 tonnes, similar to those of the same period in 2016 and down 5% on those of 2015.

Graph 3: Weekly Norwegian exports of fresh farmed salmon,
2013/2017, in tonnes

Source: Norwegian Statistics

Exports of frozen products during the week reported 472 tonnes. This figure is down 19% on that of the previous week, 36% on that of the same week in 2016 and 69% on that of 2015. So far this year, exports of frozen salmon have reached 15,894 tonnes, down 17% on those of the same period in 2016 and 69% on that of 2015.

Graph 4: Weekly Norwegian exports of frozen farmed salmon,
years 2013/2017, in tonnes

Source: Norwegian Statistics

By DGA

www.fis.com


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