As per the data released by the Norwegian Seafood Export Council (NSEC) seafood exports have seen uninterrupted growth for the last 22 months except for October 2009. Exports in July grew by more than NOK 500 million (EUR 63.2 million) or 15 percent from July 2009 and totalled NOK 3.8 billion (EUR 480 million). The value of exports YTD (year-to-date) reached NOK 27.9 billion (EUR 3.5 billion), up by NOK 4 billion (EUR 505.3 million) on the same period last year.
Market analyst Paul Aandahl from NSEC explained that in July Norwegian Salmon accounted for no less than 71 percent of all seafood exports from Norway. In July, salmon exports grew in value by NOK 565 million (EUR 71.4 million) or 26 percent to NOK 2.7 billion (EUR 341.1 million). For this YTD, the total is NOK 16.6 billion (EUR 2.1 billion), up by NOK 3.8 billion (EUR 480 million) or 30 percent versus the same period in 2009.
In July, the value of salmon exports to the US reached NOK 220 million (EUR 27.8 million), NOK 89 million (EUR 11.2 million) or 67 per cent higher than the same period last year, attributable to growth in salmon fillet exports. Other major growth markets for salmon were Russia, up in value by NOK 81 million (EUR 10.2 million), and Denmark by NOK 52 million (EUR 6.6 million) versus July 2009. France is still the biggest market for salmon, with a total export share valued at 14 percent or NOK 382 million (EUR 48.3 million).
