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Dry fish exports grew significantly in the first two months of 2010 as a result of cod sales to Brazil. (Photo: Stock File)

February reaches new export record

Click on the flag for more information about Norway NORWAY
Tuesday, March 09, 2010, 02:20 (GMT + 9)

Norwegian seafood exports for January-February have yielded NOK 7.7 billion (EUR 957.4 million), an increase of NOK 831 million (EUR 103 million) or 12 per cent compared to the same period in 2009, according to the Norwegian Seafood Export Council (NSEC).

Exports in February totalled NOK 4.2 billion (EUR 522 million), up NOK 650 million (EUR 80.8 million) or 18.5 per cent from February 2009. This marks new export records for both last month and the January-February period.

“The growth in Norwegian seafood exports is attributable primarily to growth in Norwegian salmon exports,” says director of market information Egil Ove Sundheim from NSEC. “As a result of strong market demand, we are exporting greater volumes of Norwegian salmon and at higher prices, which has resulted in growth in exports of NOK 892 million (EUR 110.9  million) compared with the first two months of last year.”

At the end of February, salmon exports were up in value by NOK 3.8 billion (EUR 472.5 million) and in volume by 19 per cent to 112,000 tonnes. The price of fresh whole salmon has risen by nearly NOK 3 (EUR 0.37) to NOK 31.37 (EUR 3.90) since the turn of the year and in February reached NOK 33.67 (EUR 4.19).

Exports to the US thus far this year have climbed by NOK 222 million (EUR 27.6 million) or 253 per cent, making this the biggest growth market. France remains the biggest market for salmon, with exports jumping in value by 7 per cent to NOK 557 million (EUR 69.3 million) compared to last year.

The value of herring exports has fallen by NOK 113 million (EUR 14.1 million) to NOK 1 billion (EUR 124.3 million) for January-February despite a slim growth in export volume, which is mainly due to lower prices in key markets such as Russia and Ukraine.

Exports of mackerel have declined by NOK 12 million (EUR 1.5 million) to NOK 350 million (EUR 43.5 million). Russia and China are the primary markets, although the value of exports has dropped due to falling prices.

Exports of fresh cod including fillets have rocketed by 31 per cent or NOK 55 million (EUR 6.8 million) to NOK 232 million (EUR 28.8 million). The biggest growth was seen in Scandinavian markets while exports to France took a nosedive.

Clipfish exports grew in the January-February period by NOK 29 million (EUR 3.6 million) to NOK 676 million (EUR 84 million). This is attributable to cod clipfish and mainly increased exports to Brazil.

Exports of salted fish thus far this year have escalated by NOK 45 million (EUR 5.6 million), or 55 per cent, to NOK 127 million (EUR 15.8 million). Portugal has pumped its imports by 107 per cent, Greece by 57 per cent and Spain by 32 per cent.

The total volume of exports has grown by 86 per cent, although lower prices compared with those of 2009 have bred a more modest value increase.

Related articles:

- February salmon exports top EUR 160 mln
- Upbeat mood at the North Atlantic Seafood Forum

By Natalia Real
[email protected]


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