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Salmon and trout exports from Norway reach records

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Staff writer ▼ | January 9, 2016
Norway exported salmon worth NOK 47.7 billion ($5.3 billion) in 2015. This is an increase of 9 percent compared with 2014, and it is the highest export value ever for salmon.
Trade   A record-high volume in combination with record-high prices
"A record-high volume in combination with record-high prices has taken Norwegian salmon exports to new heights in 2015. This was despite a closed border with Russia.

The record year is due mainly to strong growth in demand in the neighbouring markets in the EU and a drafting effect from a weaker Norwegian krone compared with the euro and the U.S. dollar," says Paul T. Aandahl, Analyst with the Norwegian Seafood Council.

Measured in product weight, Norway exported 1,035,000 tonnes of salmon in 2015, which is 3.7 percent more than the year before.

The export price for fresh whole Norwegian salmon has varied in 2015 between NOK 38.37 per kg in May and NOK 51.26 per kg in December. The average export price in 2015 was NOK 42.87 per kg. This is NOK 1.86 per kg or 4.5 percent higher than in 2014, and the highest export price achieved since 1988.

Approximately NOK 35.2 billion worth of Norwegian salmon was exported to the EU in 2015. This corresponds to an increase of 15 percent from 2014. Measured in volume, exports amounted to 793,000 tonnes, an increase of 74,000 tonnes, or 10 percent, compared with 2014.

A year of being barred from Russia has resulted in an increase of the export share of Norwegian salmon to the EU. Approximately 77 percent of all Norwegian salmon exports, measured in product weight, went to the neighbouring markets in the EU in 2015. In 2014, the corresponding share was 72 percent, and in 2013 it was 68 percent.

Measured in product weight, the most important salmon markets in 2015 were Poland and France. The largest growth market was the United Kingdom, measured in absolute volume, with an increased volume of 14,279 tonnes, or 24 percent, compared with 2014.

In 2015, NOK 2.5 billion worth of salmon was exported to the United States. This is a growth of NOK 626 million, or 33 percent, compared with 2014. Measured in product weight, 37,657 tonnes were exported, corresponding to a growth of 9,681 tonnes, or 35 percent, compared with 2014.