Salmon exports. (Photo Credit: EFF/Tom Haga/NSEC)
Salmon exports reach highest ever value in January
Friday, February 07, 2014, 23:20 (GMT + 9)
The value of Norwegian salmon exports in January 2014 reached NOK 3.7 billion (USD 590 million). This figure represents an increase of NOK 1 billion (USD 159.5 million) compared to January last year, and the highest ever value for the same month, according to figures from the Norwegian Seafood Council (NSC).
The volume of salmon exports in the first month of the current year amounted to 74,480 tonnes, which is around the same level as last year.
"The growing popularity of salmon, combined with a stable supply is the main reason for the growth we are seeing," says Bjørn-Erik Stabell, Marketing Manager for Salmon in the Norwegian Seafood Council.
The price for fresh whole salmon was NOK 48.90 (USD 7.79) in January, NOK 14.24 (USD 2.27) higher than in the same month last year and 2 per cent higher than the average price in December.
Measured in value, exports to the EU were 34 per cent higher than the same month last year, while volumes remained around the same level.
In January, France, Poland and Russia were the biggest markets for Norwegian salmon measured in volume, despite these countries being in a recession compared to last year. The decline in volumes for these markets was countered by a strong increase in exports to other countries in the EU, including Great Britain and the Netherlands.
The value of salmon exports to Russia was 16 per cent higher than in January 2013, even though volumes fell by 20 per cent year-on-year.
Salmon exports to the entire Asian market grew by 57 per cent, driven by strong prices and the fact that the Asian market bought 10 per cent more salmon than in January 2013. Vietnam and Hong Kong registered the biggest increases in volume.
Salmon exports to the U.S. are seeing the same good trends as previous months, and were 130 higher in terms of value compared to the same month last year. This growth can be attributed to a combination of good prices and greater volumes.
As for exports of Norwegian fjord trout, their value was at the same level as in 2013, at NOK 205 million (USD 32.7 million), while their volume fell by 33 per cent.
Russia was the biggest market for Norwegian fjord trout last month.
Photo Courtesy of FIS Member Norwegian Seafood Council | Norges sjømatråd - Headquarters