In October, salmon to the value of NOK 2.2 billion was exported, a reduction of NOK 756 million compared with the same month last year. At the same time, the volume increased by 10 per cent to almost 84,000 tonnes. So far this year, salmon exports have reached NOK 24 billion, a reduction of NOK 800 million compared with the previous year. At the same time, a volume of 766,000 tonnes was exported. This represents an increase of 27,000 tonnes.
– The downturn in salmon exports in October was mainly due to the low market price of salmon. The drop in price was due to the large supply of salmon globally. At the same time, we can see that the fall in the price of raw materials has not produced a corresponding fall in the price of manufactured goods to the consumer, says Paul Aandahl, market analyst at the Norwegian Seafood Export Council.
– Given the extra volume coming out of Norway, NSEC is meeting the challenges with major investments and heavy campaigns in the most important markets for Norwegian Salmon, says Bjørn-Erik Stabell Marketing Manager for Salmon & Trout at the Norwegian Seafood Export Council.
Exports to Russia increasing most in terms of volume
In October, salmon exports to Russia increased by 10 per cent to a total of 11,070 tonnes. Russia is Norway’s second most important salmon market after France.
EU continues to grow
The EU is Norway’s most important market with 66% of exports measured in terms of volume. Growth in October was 7%. The strongest growth was in exports to France, Sweden and Finland.
Stable increase in exports to Asia
The volume of salmon exported to Asia in October was a good 11,000 tonnes. This is 1,720 tonnes or 19% higher than in the same month last year. Japan is the most important salmon market in Asia with export volumes of 2,582 tonnes in October. This is 566 tonnes higher than in the same month last year.
Reduced value for trout exports
Trout exports in October fell by NOK 55 million to NOK 115 million. At the same time, the volume fell by 507 tonnes to 3,818 tonnes. Russia, China and Japan were the three most important trout markets in October.
