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Strong demand drives record prices for Norwegian salmon

Staff Writer |
Norway exported 165,000 tonnes of seafood with a total value of NOK 8.5 billion in May. Volumes were down by 11 percent, while export values were up by NOK 821 million.

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So far this year, Norway has exported 1.2 million tonnes of seafood worth a value of NOK 40 billion. Export volumes have increased by 12 percent, while the total export value has grown by NOK 1.6 billion or 4 percent.

Norway exported 165,000 tonnes of seafood with a total value of NOK 8.5 billion in May.

Volumes were down by 11 percent, while export values were up by NOK 821 million or 11 percent compared with May 2017. So far this year, Norway has exported 1.2 million tonnes of seafood worth a value of NOK 40 billion.

Export volumes have increased by 12 percent, while the total export value has grown by NOK 1.6 billion or 4 percent.

Norway exported 81,000 tonnes of salmon worth a total of NOK 6.1 billion in May. The volume of exports to the EU was 10,500 tonnes, while the total growth in volume was 8,400 tonnes or 12 percent.

Export value increased by NOK 851 million or 16 percent compared with May last year. So far this year, 400,000 tonnes of salmon have been exported realising a total value of NOK 27 billion.

While the average price for fresh whole salmon was NOK 69.76 per kg in May 2017, by May 2018 it had risen to NOK 73.73 per kg.

Poland, France and Denmark were the largest export markets for Norwegian salmon in May. The United States also saw a strong rise in export value, up NOK 82 million or 24% compared to May last year.

This represents the best May-month for export of Norwegian seafood to the United States ever.

So far this year, 18,000 tonnes of trout have been exported with a value of NOK 1.2 billion. USA and Belarus were Norway's largest export markets for trout in May.

5,700 tonnes of fresh cod, including fillets, were exported with a total value of NOK 203 million in May.

Export value was up by NOK 21 million or 12 percent and export volume rose by 226 tonnes or 4 percent in May. So far this year, 48,000 tonnes of fresh cod have been exported with a total value of NOK 1.7 billion.

In May, 6,000 tonnes of frozen cod were exported with a total value of NOK 216 million.

This is a reduction in volume of 1 300 tonnes or 17 percent, while export value fell by NOK 20 million or 8 percent. So far this year, 33,000 tonnes of frozen cod have been exported with a total value of NOK 1.2 billion.

7,600 tonnes of clipfish were exported with a total value of NOK 373 million in May.

This is an increase in volume of 700 tonnes or 10 percent, while export value has increased by NOK 28 million or 8 percent.

Portugal, the Dominican Republic and Jamaica were the largest importers of clipfish from Norway in May. So far this year, 36,000 tonnes of cutlery have been exported to a value of NOK 1.6 billion.

In May, 4,700 tonnes of salted fish were exported with a value of NOK 237 million. Export volume increased by 180 tonnes or 4 percent, while export value increased by NOK 28 million or 13 percent.

Portugal remained the largest recipient of salted fish from Norway in May, up 6% in volume compared with the previous year. So far this year, 18,000 tonnes of salted fish have been exported to a total value of NOK 895 million.

10,300 tonnes of herring were exported with a value of NOK 109 million in May. This is a reduction in volume of 3,600 tonnes or 26 percent, while export value fell by NOK 36 million or 25 percent.

Poland, Germany and Ukraine were the key markets for herring in May. So far this year, 113,000 tonnes of herring have been exported with a value of NOK 1 billion.

11,000 tonnes of mackerel were exported in May with a total value of NOK 149 million. Export volume increased by 1,400 tonnes or 14 percent, while the value increased by NOK 18 million or 14 percent. Ukraine, Japan and Vietnam were the largest export markets for mackerel in May. So far this year, 72,000 tonnes of mackerel have been exported with a total value of NOK 927 billion.


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