Wednesday, 17 October 2012

Weekly Seafood Update: Norwegian Farmed Salmon Exports, week 41 2012

Statistics Norway reported an export of 18,397 metric tonnes of fresh/chilled and frozen farmed salmon from Norwegian salmon farmers in week 41, 2012. On a rolling average four week basis volume in tonnes exported were up 10.4% (1,791 tonnes) on the same period last year.

The weighted average price per kilo for the week was NOK 26.73 and was down 0.5% YoY on a rolling average four week basis.

The value of exports for the week was NOK 491.748 million, an increase of 10.1% (NOK 43.981 million) on last year on a rolling average four week basis.

Total tonnes exported continue to increase on last year. Following three weeks in a row with an increase in price on last year on a rolling average four week basis, prices for the week fell for the third week in a row. The total value of exports continued to increase on last year as the increase in volume more than offset the drop in price. The value of exports increased YoY for the 20th week in a row (on a rolling four week basis). A trend that has developed in the past few weeks on a YoY percentage change basis is a slowing growth in tonnes exported, fairly flat prices and hence a somewhat slower growth in the value of total exports.

For a Year to Date update on Norwegian Salmon exports (as of week 40), please go here.





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