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Norwegian Seafood Export Value Continues to Grow

05 August 2016

NORWAY - Norway exported seafood worth NOK 6.6 billion in July. This is an increase of 15 per cent or NOK 882 million compared with July 2015. So far this year, seafood exports have totalled NOK 49.2 billion. An increase of 24 per cent or NOK 9.5 billion compared to the same period in 2015.

”July proved to be a good summer month for Norwegian seafood exports. Exports of salmon and trout totalled NOK 5.1 billion, an increase of 28 per cent from July last year. The higher salmon prices were the result of strong demand coupled with lower volumes. Although exports of clipfish declined in July, the month did reflect good prices for both fresh and frozen cod,” said Jan Ståle Lauritzen with the Norwegian Seafood Council.

Salmon and trout exports increase

Salmon exports amounted to NOK 4.8 billion in July. An increase of 25 per cent or NOK 965 million compared to July 2015. So far this year, salmon exports have totalled NOK 33 billion, an increase of 27 per cent or NOK 7 billion. The average market price for whole fresh salmon in the month of July was NOK 66.40 per kg compared with NOK 43.96 per kg in July 2015. Poland and France were the biggest buyers for Norwegian salmon in July.

In July, trout exports totalled NOK 342 million. An increase of 69 per cent or NOK 140 million from July 2015. So far this year, exports of trout have been worth NOK 2.3 billion. This is an increase of 97 per cent or NOK 1.1 billion compared with the same period in 2015. Belarus and Japan were the biggest markets for Norwegian trout in July.

Gains for both fresh and frozen cod

In July, exports of fresh cod, including fillets, amounted to NOK 72 million. This represents an increase of 9 per cent or NOK 6 million compared with July 2015.

Year-to-date exports of fresh cod, including fillets, have totalled NOK 1.7 billion. This is an increase of 15 per cent or NOK 221 million compared with the same period last year.

Norway exported frozen cod, including fillets, to a total value of NOK 208 million in July. This represents an increase of 16 per cent or NOK 29 million compared with July 2015. So far this year Norway has exported frozen cod, including fillets, worth NOK 1.5 billion. An increase of 32 per cent or NOK 392 million from the same period last year.

Clipfish exports reduced, but salted fish exports increase

In July, exports of clipfish were worth NOK 221 million, a decrease of 11 per cent or NOK 27 million compared with July 2015. So far this year, exports of clipfish have totalled NOK 1.9 billion. This represents a decline of 12 per cent or NOK 258 million compared with the same period last year.

In July, exports of salted fish totalled NOK 41 million. An increase of 13 per cent or NOK 5 million. So far this year, exports of salted fish have reached a total value of NOK 937 million. This is an increase of 6 per cent or NOK 49 million compared with the same period last year.

Up for herring, mackerel down

In July, exports of herring were worth NOK 204 million. This is an increase of 7 per cent or NOK 14 million compared with last July. Year to date, herring exports totalled NOK 1.7 billion. This is an increase of 48 per cent or NOK 538 million compared to the same period in 2015. Germany and Poland were the largest markets for Norwegian herring in July.

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