– The price increase is largely a result of high demand for Norwegian salmon, while global availability seems to be falling, says Paul Aandahl, market analyst at the Norwegian Seafood Export Council. In the month of May the actual export volume from Norway increased by only one percent. At the same time, the other salmon producing nations had stable or declining production. The global supply of salmon was expected to be negative for this month, which increased the price, says Aandahl.
Fresh salmon: Highest export price since 2006
The May export price for fresh salmon averaged 35.06 NOK. This was the highest average export price registered for a single month since August 2006. The price in May was 3.08 NOK higher than in April.
Reduced export volume to Eastern Europe
Measured in round weight, exports to Eastern Europe were reduced by 24 % to 5300 tonnes in May. Exports to Russia were reduced by 20% to 3700 tonnes, while export to the Ukraine were reduced by 27% to 1000 tonnes.
Increased export to Asia
Exports to Asia rose by 6 % to 6600 tonnes, by round weight. For Japan, the largest importer of salmon in Asia, exports rose by 13% to 2200 tonnes. To Hong Kong and China, exports increased respectively 19 % and 8%. Exports of salmon to China and Hong Kong totalled to 2000 tonnes in May.
Continued high salmon export to the USA
Exports of salmon to the USA, came to 3300 tonnes, measured by round weight. This is an increase of 374 percent compared with the same month last year. However, the volume declined by 700 tonnes compared with the previous month.
