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Values up despite drop in volumes

13 March 2017

Norway exported 196,000 tonnes of seafood, worth NOK 7.5 billion, in February – down by 19 per cent in volume, but up by 6 per cent in value, compared with February last year.

“Salmon prices fell slightly in February, but the average price of NOK 64.11 per kg was still NOK 9 higher than February last year. A little later cod seepage caused the volumes to be reduced in February as well, although here too, prices were higher than in the same month last year. The export value of Norwegian clipfish increased in February. Easter and Christmas are traditionally the peak months for Norwegian clipfish in Portugal and Brazil. Due to the late Easter, clipfish exports were increased to Brazil in February. There is also a cautious optimism about purchasing power in Brazil. This is gratifying for the Norwegian clipfish industry," says the Norwegian Seafood Council’s communications director Geir Håvard Hanssen.

So far this year Norway exported 374,000 tonnes of seafood, worth NOK 15.1 billion. The decline in volume is 59,000 tonnes, while growth by value NOK 1.3 billion.

Increases for salmon

Norway exported 72,800 tonnes of salmon, worth NOK 4.9 billion, in February.

“The total volume of salmon exports in February were the same as in February last year. Exports to the EU fell by 3,900 tonnes, while the total decline by volume was 800 tonnes. Salmon exports to the United States accounted for increased exports to non-EU countries,” says Hanssen.
The value of exports of Norwegian Salmon increased by NOK 692 million or 16 per cent compared with February last year. So far this year Norway exported 142,000 tonnes of salmon, with a value of NOK 10 billion.

While the average price for fresh whole salmon was NOK 55.19 per kg in February 2016, this rose to NOK 64.11 per kg in February 2017. Poland, France and the United States were the biggest importers of Norwegian salmon.

Trout exports decrease

In February, Norway exported 2,500 tonnes of trout, with a value of NOK 187 million. Overall volumes fell to 3,700 tonnes, while there was a reduction of 36 per cent in export value. So far this year Norway exported 5,100 tonnes of trout with a value of NOK 387 million. Thailand, Belarus and Japan were the biggest markets for trout in February.

Cod exports drop

12,600 tonnes of fresh cod were exported with a value of NOK 428 million in February. The average price for fresh whole Norwegian Cod increased by 6 per cent from February last year, but the value fell by NOK 13 million or 3 per cent, due to a 1,2000 tonne decline in volume.

Cod exports totaled 1,900 tonnes, a decrease of 190 tonnes from February last year. The average price of cod increased by 5 per cent, while the overall value fell by 5 per cent, to NOK 71 million, due to the volume decline. So far this year Norway has exported 2,300 tonnes of cod, with a value of NOK 91 million.

In February, Norway exported 6,300 tonnes of frozen cod with a value of NOK 221 million. This is a decrease in volume of 1,000 tonnes, while there was a fall in value of NOK 8 million or 4 per cent. So far this year Norway exported 15,000 tonnes of frozen cod, at a value of NOK 486 million.

Herring and mackerel values down

30,500 tonnes of herring were exported with a value of NOK 340 million in February. This represents an increase in volume of 2000 tonnes, although export values fell by 3 per cent compared to February 2016. Germany and Belarus were the main markets.

26,000 tonnes of mackerel were exported, with a value of NOK 295 million. Export volumes fell to 5,400 tonnes, while values fell by 12 per cent. China and Ghana were the biggest importers of mackerel in February.

 



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