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Norway salmon exports hit NOK115m in July

Norway salmon exports hit NOK115m in July

OSLO: Norway exported 138,000 metric tons of seafood at a value of NOK 6.7 billion ($847.4 million) in July 2017, the Norwegian Seafood Council (NSC) has revealed.

Volumes were 4% lower, yet the export value increased by 2%, or NOK 115m, compared to July 2016.

Year-to-date, Norway has exported 1.4m metric tons of seafood to a value of NOK 53.1bn; export volumes have increased by 5%, and the value has increased by 8%, or NOK 3.9bn, compared to the same time last year.

“July was a good summer month for Norwegian seafood exports,” said NSC analyst Paul Aandahl. “Salmon exports alone amounted to NOK 5bn, which is a 7% increase from July last year. Growth in export volumes for salmon in July, combined with salmon prices remaining high, led to another record month in export value.”

Norway exported 74,200t of salmon in July, up 8% in volume, or 5,200t. So far this year, Norway has exported 524,200t of salmon at a value of NOK 36.5bn.

Volumes are the same as the previous year, but the value has increased by 12%, or NOK 4bn, compared to 2016.

Sales of Norwegian fjord trout plummeted in July; it exported 2,100t at a value of NOK 169m in July. This is a volume reduction of 61%, or 3,300t, and a reduction in value of 50%, or NOK 172m, compared to July last year.

Y-o-y, volumes are down 56%, and value is down 34%, for the full year so far.

In July, Norway exported 3,100t of fresh cod, including fillets, at a value of NOK 77m. This was a volume increase of 1,100t, or 52%, and an increase in value of 7%, or NOK 5m, compared with July last year. The biggest markets for fresh cod in July were Denmark and Spain.

Norway exported 7,200 tonnes of frozen cod in July, including fillets, at a value of NOK 228m. This is an increase in volume of 800t, or 12%, and an increase in value of 13%, or NOK 26m, compared with July last year.

Exports of whole clipfish were up 6% at 5,200t and up NOK 1m at NOK 226m, for July. The biggest markets for clipfish in July were Portugal and Brazil.

Norway exported 1,300t of salted fish at a value of NOK 54m in July, up 16% in volume and 29% in value.

Herring exports rose 11% in volume for July, at 14,500t, though value was down 24% at NOK 49m. So far this year, Norway has exported 152,400t of herring, worth NOK 1.6bn.

This is an increase in volume of 22%, or 27,000t, and a value reduction of 2%, or NOK 30.3m, compared with the same period last year. The Netherlands and Germany were the biggest markets for Norwegian herring in July.

China and South Korea were the biggest markets for Norwegian mackerel in July. It exported 4,900t of mackerel to a value of NOK 73.4m in July; up 33% in volume and up 49% in value.

So far this year, Norwegian mackerel exports have amounted to 101,000t, at a value of NOK 1.3bn; down 4% in volume and up 5% in value.