Wednesday, 29 August 2012

Weekly Seafood Update: Norwegian Farmed Salmon Exports, week 34 2012

Statistics Norway reported an export of 16,373 metric tonnes of fresh/chilled and frozen farmed salmon from Norwegian salmon farmers in week 34, 2012. On a rolling average four week basis volume in tonnes exported were up 22.3% (2,919 tonnes) on the same period last year.

The weighted average price per kilo for the week was NOK 27.82 and was down 4.0% YoY on a rolling average four week basis.

The value of exports for the week was NOK 455.460 million, an increase of 17.6% (NOK 66.613 million) on last year on a rolling average four week basis.

The trend reported in previous weeks continues along the same lines with growth in volume on last year being 20% or higher and a decline in price. The total value of exports also continues to increase on last year (as the increase in volume more than offsets the decline in price) and the percentage increase for the week was the highest reported for 70 weeks. The percentage increase in tonnes exported as of week 34 (rolling four week basis) was lower than that reported last week, but volume continues to increase substantially. Prices are still declining compared to the same period last year, but the decline of 4.0% for the week was the lowest since week 21 in 2011. As prices fell rapidly at this time last year and assuming no sudden collapse in prices over the coming weeks, prices should soon start to show an increase on last year. The value of exports increased YoY for the 13th week in a row (on a rolling four week basis).

For a Year to Date update on Norwegian Salmon exports (as of week 33), please go here.

No comments:

Post a comment