Norwegian Salmon Exports Show Continued Growth

The value of exports of Norwegian Salmon in May totalled NOK 2.6 billion. This is the highest export value for Norwegian Salmon ever registered for the month of May and represents growth in value of 5% or NOK 133 million compared to May 2010, according to the latest figures from the Norwegian Seafood Export Council, reports www.megafishnet.com with reference to NSEC.

"There is continued very strong demand for Norwegian Salmon on world markets and this has culminated in record-breaking export figures for May," says Paul Aandahl, market analyst from the Norwegian Seafood Export Council.
Growth in volume, downturn in price

Exports of Norwegian Salmon in May increased in volume by 7% to 62,222 tonnes. At the same time, the average price for fresh whole Norwegian Salmon was down by NOK 0.73 to NOK 39.21 per kg compared to May last year. This is NOK 3.54 lower than in the previous month.
Strong growth in exports to Russia

The value of exports of Norwegian Salmon to Russia in May increased by 29% to a total of NOK 231 million, while the volume of exports was up by 27% to 6,126 tonnes. At the same time, exports of Norwegian Fjord Trout fell in volume by 25% to 917 tonnes.
Decline in exports to USA

The steep decline in the value of exports to the USA, which fell by NOK 116 million or 56%, is due to a drop in exports of Norwegian Salmon fillets. The volume of exports of fresh fillets was down in May by 70% to 721 tonnes, while exports of frozen fillets fell by 36% to 472 tonnes.
Fall in Norwegian Fjord Trout exports

In May, the value of exports of Norwegian Fjord Trout fell by 10% to NOK 88 million compared with the same month last year. The volume of exports in May totalled 1,947 tonnes, down by 328 tonnes or 14% from May 2010. The biggest market for Norwegian Fjord Trout in May was Russia, with exports valued at NOK 41 million. This represents 47% of the total value of exports of Norwegian Fjord Trout, compared to 54% in May last year.