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Salmon/Farmed Fish

 
Report Date: Monday, June 11, 2018
 
 
 

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 in June is NOK 63.00 (EUR 6.62/kg), while for July and August 2018 they estimate it will be at NOK 63.85 (EUR 6.69/kg) and NOK 60.20 (EUR 6.30/kg).

During week 22, the average price of fresh salmon was NOK 66.17/kg (EUR 6.92/kg). This figure is down 10% on that of the previous week and similar to that of the same week in 2017. Compared with the same week in 2016, it was up 14%, according to Norwegian Statistics. The weekly average FOB price of fresh salmon exports (HS 03121201 and 03121202) at Norwegian Customs in 2018 was NOK 65.11/kg (EUR 6.81/kg), down 2% on that of the same period in 2017 and up 13% on that of 2016.

Graph 1: Average weekly price of fresh farmed salmon exports,
2014/2018, in NOK/kg

Source: Norwegian Statistics

The average price of exports of frozen salmon was NOK 61.92 (EUR 6.48/kg), down 1% on that of the previous week and down 4% on that of the same week in 2017. It is up 209 on that of 2016. So far this year, the average price of exports of frozen salmon has been NOK 56.20 (EUR 5.88/kg), down 17% in value on that of 2017 and up 9% on that of 2016.

Graph 2: Weekly average price of exports of frozen farmed salmon,
2014/2018, in NOK/kg

Source: Norwegian Statistics

Markets

Exports of fresh salmon during the analysed week reported 16,826 tonnes. This figure is up 10% on that of the previous week, 16% on that of the same week in 2017 and down 9% on that of 2016. So far this year, exports of salmon have reached 344,359 tonnes, up 8% on those of the same period in 2017 and 5% on those of 2016.

Graph 3: Weekly Norwegian exports of fresh farmed salmon,
2014/2018, in tonnes

Source: Norwegian Statistics

Exports of frozen products during the week reported 317 tonnes. This figure is up 17% on that of the previous week, down 27% on that of the same week in 2017 and down 31% on that of 2016. So far this year, exports of frozen salmon have reached 6,681 tonnes, down 31% on those of the same period in 2017 and 39% on those of the same period of 2016.

Graph 4: Weekly Norwegian exports of frozen farmed salmon,
years 2014/2018, in tonnes

Source: Norwegian Statistics

By DGA

www.fis.com


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