Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
If you would like to send us an article, contact Margaret Stacey

Photo: Norwegian Seafood Council

Value growth for salmon and trout contributed to solid seafood exports in May

  (NORWAY, 6/7/2024)

Norway exported seafood worth NOK 14 billion in May. This is an increase of NOK 1 billion, or 8 percent, compared with the same month last year.

"The growth in value in May is largely due to increased export volumes of both salmon and trout, as well as price growth for salmon," says Christian Chramer, CEO of the Norwegian Seafood Council.

Best May ever for seafood exports

In the first four months of the year, the Norwegian krone was weaker than in the corresponding months last year, which boosted export prices measured in Norwegian kroner. This has now changed.

“In May, the Norwegian krone strengthened, so there was no positive currency effect last month. Despite this, the value of Norwegian seafood exports has never been higher in a month of May before. Although these are challenging economic times for many consumers, Norwegian seafood is still a highly sought-after food product," says Chramer.

Three EU countries had the highest growth

In May, Norway's largest and most important market, the EU, saw value growth of five percent. This is also where the three countries with the highest growth in May are located:

  • Spain (+NOK 142 million, +19%)
  • Portugal (+NOK 132 million, +22%)
  • Netherlands (+DKK 115 million, +15%)

So far this year, Norway has exported seafood worth NOK 68.5 billion. This is NOK 1.2 billion, or 2 percent, higher than in the same period last year.

Salmon exceeded NOK 10 billion in export value

Salmon is still by far the largest and most important species.

“In May, there was growth in volume for the first time this year. This contributed greatly to the export value of salmon exceeding NOK 10 billion last month," explains Christian Chramer.

Exciting developments for trout

May was also a historic month for trout. Never has the value of this fish been higher in a single month.

"Although trout accounted for only five percent of the total value of farmed salmonids in May, there was strong growth. This is an important contribution to the further development of this category, and it will be exciting to follow the development of trout throughout the year," says Chramer.


Lower volume for cod

For other species, cod stood out with a significantly lower export volume for both fresh and frozen cod.

“However, this is compensated by price growth for several fresh, frozen and conventional cod products compared to May last year," says Christian Chramer.

Seafood exports in May

  • The largest markets for Norwegian seafood exports in May were Denmark, Poland and the USA.
  • Seafood was exported to a total of 105 countries in May. This is 11 fewer than in May last year

Growth in volume and value for salmon

  • Norway exported 82,662 tonnes of salmon worth NOK 10.1 billion in May
  • The value increased by NOK 724 million, or 8 percent, compared with the same month last year.
  • This is a growth in volume of 2 percent
  • Poland, Denmark and Spain were the largest markets for salmon in May

At NOK 164 per kg, the price of fresh salmon fillets is at a record high, which is NOK 5 per kg higher than the previous record month of April 2023.

Increased share of fillets

“May was the first month in 2024 to see growth in salmon volumes. At the same time, fillet exports continue to increase compared with last year. This applies to both volume and value," says Seafood Analyst Paul T. Aandahl with the Norwegian Seafood Council.

In terms of volume, fresh fillet increased by 35 per cent to 13,223 tonnes, while frozen fillet increased by 21 per cent to 5,836 tonnes.

"Converted into round weight, this means that the fillet share of salmon exports increased from 25 percent last year to 30 percent this year," explains Aandahl.

The export value of fresh salmon fillets increased by 40 percent to NOK 2.2 billion, while exports of frozen fillets increased by 13 percent to just over NOK 900 million.

Highest value growth in Spain

Spain saw the greatest growth in value in May, with an increase in export value of NOK 163 million, or 25 percent, compared with the same month last year. The export volume to Spain ended at 6,833 tonnes, which is 14 percent higher than the same month last year.

“Salmon exports to Spain have developed very favorably. This is primarily driven by strong domestic consumption, but as the tourists have returned, we see that the volume of salmon is also increasing in the restaurant segment. This is a trend that we believe will continue, so we are optimistic," says Tore Holvik, the Norwegian Seafood Council's envoy to Spain.

Historically strong month for trout

  • Norway exported 5,561 tonnes of trout worth NOK 587 million in May
  • The value increased by NOK 231 million, or 65 percent, compared with the same month last year
  • This is a growth in volume of 83 percent
  • Ukraine, USA, and Thailand were the largest markets for trout in May

This is a record-high export value for trout in a single month, NOK 20 million higher than the previous record month, which was in August 2023.

Ukraine had the highest value growth in May, with an increase in export value of NOK 93 million, or 538 percent, compared with the same month last year.

The export volume to Ukraine ended at 1,174 tonnes, which is 470 percent higher than the same month last year.

Highest growth for fresh whole trout

“While exports of trout fillets have increased, it is whole fish that has increased most for trout. Fresh whole trout has increased by 81 percent in value, to NOK 413 million. This means that fresh whole trout accounted for 70 percent of the value, compared with 64 percent in May last year," says Seafood Analyst Paul T. Aandahl with the Norwegian Seafood Council.

Source: Norwegian Seafood Council

[email protected]

Information of the company:
Address: Stortorget 1 - P.O.Box 6176
City: Tromsø
State/ZIP: (N-9291)
Country: Norway
Phone: +47 776 033 33
Fax: +47 776 800 12
E-Mail: [email protected]
Skype: https://www.instagram.com/norges_sjomatrad/
More about:


View Larger Map


Click to know how to advertise in FIS
Beaver Street Fisheries Partners with iFoodDS on Seafood Traceability Initiative
Blue Star Foods to Enhance Soft Shell Crab Shedding Operations with Artificial Intelligence and UV Light Technology
Norwegian Land-based Fish Farmer Bue Salmon has Harvested its First 514 Tonnes of Table-sized Fish
American Industrial Partners to Acquire Aker Biomarine's Feed Ingredients Business
ASC’s Growing Impact Comes to Life in New Visual Dashboard
American Seafoods Reaffirms Focus on Business and Growth Prospects
Frime Launches the First and Only Marinated Tuna Suitable for Raw Consumption
Naturally Sublime Caviar
North Coast Seafoods Launches New 100% Recyclable Packaging
Acme Smoked Fish Debuts Innovative New Products & Packaging
Long John Silver’s Partners with Leading Tech Innovators to Transform Customer Engagement
Discovery Tour to Showcase Responsible Salmon Farming in Norway
Skretting Introduces New Feed Formulation Concept
FDO Showcases Range of Seafood Products at HORECA Oman 2024
Atlantic Sapphire Further Reduces Carbon Footprint by Joining Esteemed FPL Solar Together Program
GSA Launches BAP Consumer Websites in French and German
High Liner Foods Invests US$10M in Andfjord Salmon
Blue Star Foods Reports 19% Growth to U$2.3 M Revenue for First Quarter Ended March 31
Filetfabrikken is Ready for the Future of Fish Processing
Wanda Fish Unveils Its First Cell-Cultivated Bluefin Tuna Toro Sashimi
More Articles...

Vietnamese Pangasius Exports to UAE Continue to Grow Significantly
Viet Nam The United Arab Emirates is one of the customers consuming a lot of Vietnamese pangasius. Vietnam is also the largest source of pangasius in this market, accounting for 40 - 50% of the market share in...
Southeast Pacific Squid Index: Giant squid (dosidicus gigas)
China In order to continuously enhance the ability to control squid resources and price influence, and conduct more accurate resource assessment and forecasting, the China Ocean Fisheries Association&n...
Salmon Season 2024 Gains Momentum
Russia Fed. By mid-July, fishermen had caught more than 40 thousand tons - the rate of catch increased over the week By July 16, the total catch of Pacific salmon in the Far East exceeded 40 thousand tons. The f...
Globefish report on the global squid market
Worldwide The following is an excerpt from a report published by Globefish (FAO): Japanese squid supplies fell by about 20 percent in 2023 compared to the previous year, to just 150,000 tonnes. Supplies from a...

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER