The value of Norwegian salmon exports is steadily reaching new heights. In the first six months, the export value for salmon has never been higher than this year. Record-high salmon prices and growth in the U.S. and Asia are the main reasons.
Never before has Norway exported a greater value of seafood than in the first six months of 2017. The increase is due primarily to record-high salmon prices but also to strong growth in export volumes to the U.S. and Asian markets.
Norway exported 163,000 tonnes of seafood with a value of NOK 7.6 billion in May. The volume was at the same level as May 2016, while export value increased by NOK 888 million or 13 per cent. So far this year, Norway has exported 1.1 million tonnes of seafood worth NOK 39 billion. Export volumes have increased by 3 per cent, while the year-on-year growth in value is NOK 3.2 billion or 9 per cent.
Norway exported 233,000 tonnes of salmon for NOK 16.1 billion in the first quarter. There is a volume increase of 3 percent and an increase of 21 percent, or 2.8 billion from the first quarter last year.
Norway exported salmon worth NOK 61.4 billion in 2016. This is an increase of 29 per cent, or NOK 13.8 billion compared with 2015, and is the highest export value of salmon ever. Measured by volume, Norway exported 980,000 tonnes of salmon in 2016, which is 5.2 per cent or, 53,340 tonnes less than in 2015.
Norway exported salmon to a market value of NOK 13.4 billion in Q1. This is an increase of 21 per cent, or NOK 2.34 billion from the first quarter of 2015. Measured by volume, some 227,464 tonnes of salmon were exported during the first quarter. By volume, this represents a small decline of 6 percent compared with the first quarter of 2015.
Norway exported herring, mackerel and capelin worth NOK 1.8 billion in the first quarter of 2016. This represents an increase of 60 per cent from Q1 2015. Herring exports amounted to NOK 862 million in the first quarter. An increase of 74 per cent year-on-year. Exports of mackerel totaled NOK 777 million. An increase of 44 per cent and solder exports increased by 78 per cent to NOK 133 million.