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Norway exported 141,600 tonnes of salmon worth U$D 1 billion and 7,600 tonnes of trout worth NOK 59 million in September
Market situation for Norwegian salmon and trout
NORWAY
Friday, October 04, 2024, 07:00 (GMT + 9)
Strong quarter for salmon
- Norway exported 372,442 tonnes of salmon worth NOK 31.8 billion in the third quarter
- Salmon accounted for 70 per cent of total export value in the third quarter
- The value increased by NOK 997 million, or 3 per cent, compared to the third quarter last year
- This is a growth in volume of 8 per cent
- Poland, Denmark and the US were the largest markets for salmon in the third quarter
Germany had the highest value growth in the third quarter, with an increase in export value of NOK 355 million, or 32 per cent, compared with the third quarter last year.
The export volume to Germany ended at 16,150 tonnes, which is 28 per cent higher than the third quarter last year.
Growth in home consumption in Germany
.png) "Although some of the increased supply of Norwegian salmon to the German market is probably for further processing and export, most of the growth to Germany can be explained by increased domestic consumption," says Seafood Analyst Paul T. Aandahl with the Norwegian Seafood Council.
There is growth in volume for both fresh and frozen natural products and smoked salmon in Germany.
“At the same time, consumer prices are falling compared with the same period last year. This strengthens the competitiveness of salmon compared to other proteins," says Aandahl.
Exports of salmon in September
- Norway exported 141,600 tonnes of salmon worth NOK 11.6 billion in September
- The value increased by NOK 614 million, or 6 per cent, compared with September last year
- This is a growth in volume of 9 per cent
Historical export value for trout
- Norway exported 25,033 tonnes of trout worth NOK 2 billion in the third quarter.
- For the first time, trout exports exceed NOK 2 billion in a quarter
- The value increased by NOK 392 million, or 24 per cent, compared with the third quarter last year
- This is a growth in volume of 34 per cent
- Ukraine, Lithuania and the US were the largest markets for trout in the third quarter
This is a record high export value for trout in a single quarter, NOK 392 million higher than the previous record quarter, which was in the third quarter of 2023.
Lithuania had the highest value growth in the third quarter, with an increase in export value of NOK 189 million, or 264 per cent, compared with the third quarter last year.
Higher export price for fresh whole trout than for fresh whole salmon
“September is the first month with a higher average price for fresh whole trout than for fresh whole salmon since May 2023. The average price for fresh whole trout was NOK 75.11 per kg, while the average price for fresh whole salmon was NOK 74.04 per kg," says Paul T. Aandahl, Seafood Analyst with the Norwegian Seafood Council.
Exports of trout in September
- Norway exported 7,600 tonnes of trout worth NOK 625 million in September
- The value increased by NOK 80 million, or 15 per cent, compared with September last year
- This is a growth in volume of 22 per cent
Source: Norwegian Seafood Council
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www.seafood.media
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