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A strong November for salmon and trout exports

Press Release   •   Dec 03, 2015 04:58 GMT

Norway exported salmon worth NOK 4.5 billion in November. An increase of NOK 663 million, or 17 per cent, compared with the same month in 2014. So far this year, salmon exports have totalled NOK 42.7 billion. This is NOK 3.2 billion, or 8 per cent higher than during the same period last year.

”The increase in value of salmon exports in November is due to a combination of higher prices and higher volumes compared year-on-year. The EU has shown a marked growth in demand for Norwegian salmon, making it our most important market”, says Paul T. Aandahl, analyst with the Norwegian Seafood Council.

By volume, 93,355 tonnes of salmon were exported in November. An increase of 7 per cent, or 6,114 tonnes, compared with November 2014. Year-to-date volumes for salmon totalled 943,000 tonnes. An increase of 34,585 tonnes, or nearly 4 per cent compared with the same period in 2014.

Higher salmon prices

The export price for fresh whole salmon in November averaged NOK 44.92 per kg. This is 10 per cent higher than in November last year. Salmon prices this month were 7 per cent higher compared to the average prices in October.

Growth in exports to EU countries

The EU countries imported Norwegian salmon worth NOK 3.3 billion during November. This corresponds to a 16 per cent increase year-on-year. Exports by volume were 7 per cent higher, at 72,000 tonnes. France and Poland were the two biggest buyers of Norwegian salmon in November.

Reduced salmon exports to Eastern Europe

November salmon exports to eastern Europe totalled NOK 117 million. This is a decrease of 24 per cent from November 2014. Volumes were also reduced, by 16 per cent, to 3,500 tonnes. The decline is mainly related to the Russian import embargo and reduced sales to the Belarusian and Ukrainian market.

Strong increase for exports to Asia and USA

Salmon exports to Asia totalled NOK 696 million in November. An increase of 28 per cent compared with the same month in 2014. Volumes were up by 900 tonnes, or 8 per cent year-on-year, against a total volume in November of 12,900 tonnes.

Salmon exports to the United States were worth NOK 222 million in November. This is an increase of 60 per cent compared with November 2014. November exports by volume amounted to 3,000 tonnes. This represents an increase of 950 tonnes, or 47 per cent compared to November 2014.

Significant gains for trout exports

Trout exports in November totalled NOK 276 million. An increase of nearly NOK 100 million, or 57 per cent compared to November 2014. By volume, exports in November were 6,275 tonnes. An increase of 2,300 tonnes compared to November 2014. The biggest export markets for Norwegian trout were Belarus and Japan. Year-to-date exports of trout have amounted to NOK 2 billion. This is a reduction of NOK 180 million, or 8 per cent, compared with the same period in 2014.

The Norwegian Seafood Council works with the Norwegian fisheries and aquaculture industries to develop markets for Norwegian seafood through local market intelligence, market development and reputational risk management. The Seafood Council is headquartered in Tromsø and maintains local representatives in twelve of Norway's most important international markets. The Norwegian seafood industry finances the activities of the Norwegian Seafood Council via a tariff on all Norwegian seafood exports.

The Norwegian Seafood Council is a public company owned by the Ministry of Trade, Industry and Fisheries.