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Farmed salmon at a Bergen, Norway fish market. (Photo: FIS)

May salmon figures reach record high

Click on the flag for more information about Norway NORWAY
Monday, June 07, 2010, 16:40 (GMT + 9)

Last month showed the highest export value ever recorded for Norwegian salmon in the month of May. The value of exports climbed by 26 per cent or NOK 509 million (EUR 64.5 million) compared to May 2009, according to the Norwegian Seafood Export Council (NSEC).

NSEC Market Analyst Paul Aandahl noted a 10 per cent increase in the total export volume of Norwegian salmon to 58,898 tonnes compared to May 2009. Simultaneously, its price rose by 14 per cent to NOK 39.91 (EUR 5.06) per kg.

This is the highest price for this kind of fish since June 2006, when it peaked at NOK 41.54 (EUR 5.27) per kg. Compared to April 2010, this is an increase of NOK 1.09 (EUR 0.14) per kg.

“The strength of Norwegian salmon exports is attributable to growth in demand combined with reduced competition in the world market for salmon,” Aandahl commented.

The value of exports of Norwegian salmon to Russia was amplified by 51 per cent to a total of NOK 183 million (EUR 23.2 million) in May, while the volume of exports rocketed by 40 per cent to 5,031 tonnes versus the same period last year.

“Most of this growth is due to a corresponding reduction in supplies of Norwegian fjord trout,” explained Aandahl. “The total volume of exports to Russia of Norwegian salmon and Norwegian fjord trout combined increased by a more modest 2 per cent in May compared to the same month last year.”

The strong augmentation in the value of exports to the US is attributable to increased exports of Norwegian salmon fillets. Last month, they enlarged by 45 per cent to 2,308 tonnes, and exports of frozen Norwegian salmon fillets swelled by 93 per cent to 759 tonnes.

The value of exports of Norwegian fjord trout fell by 32 per cent in May to NOK 100 million (EUR 12.7 million) against the same month in 2009. The volume of exports reached 2,361 tonnes, a fall of 2,099 tonnes or 47 per cent from May 2009.

In May, the main export market for Norwegian fjord trout was Russia with a value of NOK 54 million (EUR 6.8 million). This constitutes 53 per cent of the total value of all exports of Norwegian fjord trout in that month.

Exports of Norwegian seafood in May totalled NOK 3.9 billion (EUR 494.5 million) – a rise of NOK 568 million (EUR 72 million) or 17 per cent versus May 2009.

This year thus far, Norwegian seafood exports total NOK 19.9 billion (EUR 2.52 billion), an increase of NOK 2.7 billion (EUR 342.3 million) or 16 per cent compared to May 2009. This is a new export record for both May and the January-May period.

“Strong growth in exports of Norwegian salmon and groundfish have contributed to exports of Norwegian seafood totalling almost NOK 20 billion (EUR 2.54 billion) this year to date,” said Egil Ove Sundheim, director of market information from NSEC.

Related articles:

- Salmon exports keep climbing
-
Seafood exports mark new March record

By Natalia Real
[email protected]
www.fis.com


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