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Norwegian salmon exports values strong in Q1 2017

Norwegian salmon exports values strong in Q1 2017

OSLO: Norway exported 233,000 tonnes of salmon for NOK 16.1 billion in the first quarter. The volume increase of the salmon exports was 3 percent, but the revenues rose even more. The revenues increased by 21 percent, or NOK 2.8 billion compared to the first quarter of 2016.

Norway exported 91,000 tons of salmon with a total value of NOK 6 billion in March. This is a volume increase of 14 per cent and an increase in revenues of NOK 1.2 billion compared to the same month one year ago. The revenue increase is therefore a staggering 24 per cent.

Continued growth in demand for Norwegian salmon has contributed to yet another record breaking first quarter for Norwegian salmon, says Paul T. Aandahl. Aandahl is an Analyst on Salmon and Trout in the Norwegian Seafood Council.

Despite reduced volumes, the revenue on exports to EU markets has risen by as much as 11 per cent. Consumers are now experiencing increased prices in almost all EU markets – This has led to reduced sales volumes.

Despite the price hitch in the first quarter, export volumes are still raising sharply to Asia and the US, says Aandahl.