Lower sales of Norwegian salmon in Europe, higher overall
The value of Norwegian salmon exports continues to grow. Sales in January were NOK 1,1 billion higher than in the previous January. However, salmon sales were reduced in Europe.
In January, Norway exported 170,000 tonnes of seafood valued at NOK 7.6 billion.
This is a decrease by volume of 11 per cent, while across all categories, this represents a net increase of NOK 891 million, or 13 per cent, compared with January 2016.
Norway exported 70,100 tonnes of salmon worth NOK 5.3 billion in January. Export volumes to the EU were reduced by 5,400 tonnes, whilst the total decline in volume across all markets was 2,700 tons.
The value of salmon exports increased by NOK 1.1 billion or 25 per cent, compared with January last year.
In January 2016, the average price for fresh whole salmon was NOK 55.56 per kg. In January this year the price rose to NOK 72.37 per kg. Poland, France and Denmark were the biggest importers of Norwegian salmon.
Reduced availability and high prices have impacted the supply of salmon in key European export markets. In Spain salmon has been displaced at the counter by other species of fish.
High salmon prices have contributed to a greater proportion of packaged or processed salmon being exported to Europe. The portion size is smaller with a higher consumer price tag. ■