Norway’s April exports of salmon increased four percent in volume to 74,000 tonnes and nine percent in value to EUR 550 million, new numbers from the Norwegian Seafood Council say.
While the average price for fresh whole salmon was EUR 6.59 per kilogram in April 2017, it was EUR 7.11 per kilo in April 2018. So far this year, the price for fresh whole salmon is EUR 6.51 against EUR 6.51 for the same period last year.
The first three months of 2018 saw Norwegian exporters export 320,000 t of salmon worth EUR 2.19 billion, or up 16,000 t year-on-year
Volume trumps price
“Despite a good price trend so far this year, the price in the first three-month period is down by 2.25 kroner (EUR 0.23) compared with the same period last year,” Seafood Council analyst, Paul Aandahl, said in a statement.
“Global demand growth and favourable exchange rates have not been enough to outweigh the negative price effect resulting from increased supply. The decline in prices is primarily due to increased supply from Norway,” he said, adding that higher volumes compensated for lower prices.
Meanwhile, Norwegian trout exporters have shipped 13,600 t of product and extracted EUR 92 million in value. The volume was up 24 percent year-on-year
In April alone, Norway’s fish farmers exported 3800 t of trout worth EUR 25.5 million. Belarus, the US and Japan were the Nordic country’s largest trout market in April.