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Norway exports salmon worth NOK 3.3b in February, shows increase of 2% Y0Y

Norway exports salmon worth NOK 3.3b in February, shows increase of 2% Y0Y

OSLO: Norway exported salmon worth NOK 3.3 billion in February, an increase of 2% year-on-year, according to figures from the Norwegian Seafood Council (NSC).

The rate of the volume increase was ahead of the value, however, as prices are down y-o-y. In February, 73,250 metric tons of salmon were exported from Norway, up 11%.

“While we are seeing strong growth in salmon exports to the EU, Asia is also growing strongly. The growth in volume combined with the loss of the Russian market is the main reason for the price drop we’ve seen so far in 2015,” said Paul Aandahl, branch manager for salmon at the Norwegian Seafood Council.

The average export price for fresh whole salmon in February was NOK 42.20 per kilogram, a decrease of 11%. Compared with the previous month of January 2015, export prices decreased by 5%.