Norway seafood export revenue continues to rise

NORWAY exported less salmon last month, but what it did sell netted  a  considerably higher financial return. Figures from the Norwegian Seafood Council show that May salmon exports totalled 73,000 tons, down by five per cent.  The value, however, went up by 11 per cent or   by 535 million kroners (NOK).

So far this year salmon exports are worth NOK 26-billion. The average price for salmon has risen from NOK 60.17 per kg in May 2016 to NOK 69.98 per kg in May this year. Poland, France and Denmark remain the largest buyers.

Exports of farmed trout, however, declined  by 43 per cent to a total value of NOK 236 million. Japan, The United States and Thailand are Norway’s main markets for trout.

Overall, Norway’s total seafood exports last month, including cod and haddock,  were worth NOK 7.6 billion, a rise of NOK 888 million or 13 per cent. Paul T. Aandahl analyst at the Norwegian Seafood Council said: “We saw growth for all the commercial species such as salmon, cod, haddock and saithe.”

The country  exported 5,400 tonnes of fresh cod, including fillets to a value of NOK 178 million in May. Export values increased by NOK 53 million or 42 per cent and volumes were up by 1,800 tonnes or 51 per cent.

Frozen cod sales totalled 7,200 tonnes of frozen cod to a value of NOK 237 million in May. This is a volume increase of 1,500 tonnes or 25 per cent, while the export value increased by NOK 59 million or 33 per cent. China, the UK and Lithuania were the largest recipients of frozen cod in May. Saltfish exports rose by 36 per cent to NOK 213 million while clipfish sales rose by 23 per cent to NOK 349 million. Sales of mackerel were down slightly during the month, but herring exports were up in both volume and value.

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