Norwegian salmon exports continue growth

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Salmon supplies tighten to give Norwegian producers highest export prices since June 2006.

In April, the average export price of fresh whole salmon reached its highest average price in almost four years.

The average export price of fresh whole salmon has reached its highest average in almost four years.

The value of Norway’s salmon exports in April grew 20% year-on-year reaching NOK 2.2 billion (€272.9 million/$364.6 million), according to the latest statistics published by the Norwegian Seafood Export Council (NSEC). This figure was NOK 373 million (€47.3 million/$61.8) higher than reported in April last year.

The volume of exports fell by 540 tonnes or 1% for the same period.

In April, the average export price of fresh whole salmon was NOK 38.88 (€4.93/$6.44) per kg, which was the highest average price recorded for a single month since June 2006, when it reached NOK 41.54 (€5.27/$6.88) per kg.

This represented a price increase of NOK 6.90 (€0.88/$1.14) compared with April 2009 and of NOK 2.83 (€0.36/$0.47) per kg compared with March 2010.

Exports of fresh salmon to Asia fell 8% largely due to the volcanic eruption in Iceland that severely disrupted air transport throughout Europe during weeks 15 and 16. The value of salmon sales to Russia rose by 52% or NOK 79 million (€10 million/S13.1 million) compared to April 2009. This growth was almost entirely attributed to the fresh whole segment, which saw an increase in the volume of exports to Russia of 50% to a total of 5,701 tonnes, while exports of frozen whole salmon fell 81% to 201 tonnes.

Other leading markets which showed strong growth in the value of exports included Germany (46%), Poland (42%) and the US (33%).
The volume of exports of fresh Norwegian salmon fillets grew by 21% in April. The same growth rate was also seen in the frozen salmon segment.

The US is the most important market for Norwegian salmon fillets, with exports amounting to 2,381 tonnes of fresh and frozen fillets in April.

Exports of fresh salmon products, which are usually flown to the States, fell in weeks 15 and 16 due to the aforementioned volcanic activity in Iceland and the subsequent closure of European airspace.
The US imported some 30% of all Norwegian salmon fillet exports in April. The strongest growth in fillet exports in April was to Poland, which grew by 94%.

Exports of Norwegian fjord trout in April totalled NOK 110 million (€14 million/$18.2 million), down by 34% compared to the same month last year. The volume of exports fell by 53%.
The most important export market for its trout is Russia, followed by China, Thailand and Belarus. Exports to Japan, previously the country’s most important market, totalled just 66 tonnes in April 2010 compared to 872 tonnes in April 2009.

Frozen whole Norwegian trout showed the steepest decline per product segment, falling by 75% in April, while the downturn in exports of fresh trout was 40%.
As a result of the gradual market trend in recent years towards fresh trout products, the volume of exports totalled 78% of all Norwegian trout exports.