Wednesday, 30 January 2013

Prices Surge: Norwegian Farmed Salmon Exports Weekly (week 4 2013)

Statistics Norway reported an export of 14,848 metric tonnes of fresh/chilled and frozen farmed salmon from Norwegian salmon farmers in week 4, 2013. On a rolling average four week basis volume in tonnes exported increased 5.4%% (742 tonnes) on the same period last year.

The weighted average price per kilo for the week was NOK 36.12 and was up 33.1% YoY on a rolling average four week basis.

The value of exports for the week was NOK 536.369 million, an increase of 40.3% (NOK 142.206 million) on last year on a rolling average four week basis.

Tonnes exported increased again on last year following a drop in the previous week. Prices for the week increased for the 15th week in a row on last year with the YoY percentage increase (rolling four week average) for the week being the highest recorded for 103 weeks (since week 5 in 2011). The total value of exports continued to increase on last year, driven mostly by the increase in price, and represented the 35th week in a row with an increase on last year (on a rolling four week basis). The YoY percentage increase in the value of exports (rolling four week average) increased at the fastest pace since week 2 2011. The short term trend again shows an increase in both volume and price, with price continuing to surge. 

On a 52 week moving average basis, volume continues to increase although at a slower pace. Price is down on the same basis, but has steadily improved since week 2 in 2012 and is approaching positive growth territory.

For the final Year to Date update for 2012 of Norwegian Farmed Salmon exports (as of week 52), please go here.

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