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Salmon exports surpassed EUR 811.3 million in the first three months of 2010. (Photo: EFF, Tom Haga/NSEC)

Seafood exports mark new March record

Click on the flag for more information about Norway NORWAY
Wednesday, April 14, 2010, 03:40 (GMT + 9)

Norwegian seafood exports in the first quarter of 2010 generated NOK 12.4 billion (EUR 1.5 billion). This makes for an increase of NOK 1.9 billion (EUR 237.2 million) or 18 per cent on the first quarter of 2009, according to the Norwegian Seafood Export Council (NSEC).

Exports totalled NOK 4.7 billion (EUR 586.6 million) in March alone, marking an increase of NOK 1 billion (EUR 124.8 million) and setting a new March record.

”As a result of continuing very strong market demand for Norwegian seafood, the growth in exports seen last year has continued into the first quarter of this year,” said Egil Ove Sundheim, director of market information with NSEC. ”We are seeing record exports of Norwegian salmon, and at the same time sales of clipfish and salted fish are showing growth following a difficult and challenging 2009.”

In Q1 2010, salmon exports surpassed NOK 6.5 billion (EUR 811.3 million), a growth of NOK 1.7 billion (EUR 212.2 million) or 37 per cent versus Q1 2009. Last month alone, the value of seafood exports was NOK 2.7 billion (EUR 337 million), representing a growth of NOK 870 million (EUR 108.6 million) or 48 per cent on March 2009.

March 2010 is thus the strongest single month ever recorded for salmon exports, attributable to higher export prices coupled with increased export volume.

The average price for whole fresh salmon last month was NOK 36.43 (EUR 4.55), compared to NOK 30.36 (EUR 3.79) in March 2009. As in February, France and Poland were again the main importers of salmon.

In the first quarter of 2010, exports of fjord trout declined by NOK 50 million (EUR 6.2 million) to NOK 419 million (EUR 52.3 million). In March, the value was NOK 161 million (EUR 20.1 million), a fall of NOK 21 million (EUR 2.6 million).

The prime importers of fjord trout are Russia and China.

In Q1 2010, exports of fresh seafood made up over half of all seafood exports. Strong growth in fresh salmon exports was a major factor, and fresh whole cod and fresh cod fillets also showed healthy growth. Exports of fresh cod fillets set a Q1 record this year with NOK 167 million (EUR 20.8 million), a boost of NOK 30 million (EUR 3.7 million) or 22 per cent.

Exports of clipfish in the first quarter of 2010 rose by NOK 91 million (EUR 11.4 million) to NOK 910 million (EUR 113.6 million). That is, NOK 489 million (EUR 61 million) for cod, NOK 333 million (EUR 41.6 million) for saithe and approximately NOK 44 million (EUR 5.5 million) divided equally between torsk and ling.

Exports of salted fish jumped in value by NOK 118 million (EUR 14.7 million) to NOK 286 million (EUR 35.7 million). Cod exports, valued at NOK 281 million (EUR 35.1 million), make up most of this.

Related article:

- February reaches new export record

By Natalia Real
[email protected]

Photo Courtesy of FIS Member  Norwegian Seafood Council | Norges sjømatråd - Headquarter

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