Norwegian salmon sashimi grade in Japan
Salmon exports to the USA have increased by 59 per cent.
NORWAY
Tuesday, February 07, 2023, 07:00 (GMT + 9)
While the value of other seafood species to the US, such as cod and haddock, has decreased, salmon exports have increased sharply.
In January, the value of salmon exports increased by 59 per cent, or NOK 344 million, compared to the same month last year. The USA thus became Norway's most significant salmon market and the market where the value of salmon exports increased the most in the first month of the year.
“We see a strong increase in demand for Norwegian salmon in the American market”, says Anne-Kristine Øen, Norway´s seafood envoy to the USA.
“There could be several reasons for this. A strong dollar and reduced competition from salmon from other nations contribute positively. The demand for salmon, in general, has increased sharply after the pandemic. We had increased food prices through 2022, and the salmon is still competitive compared to other proteins”, says Øen.
Salmon exports to the top 10 countries
One-third of salmon exports go to markets beyond Europe
- Norway exported 89,698 tonnes of salmon to a value of NOK 8.9 billion in January
- The value increased by NOK 1.8 billion, or 25 per cent, compared to January last year
- The volume fell by 6 per cent
- The USA, Poland and France were the biggest markets for salmon in January
- There was a record-high price for fresh salmon fillets in January at NOK 140 per kg. That is NOK 11 per kg higher than the previous record month, which was in May 2022
“It is the increased salmon price that is driving the increase in value in January”, says Paul Aandahl, Seafood Analyst with the Norwegian Seafood Council.
The average export price for whole fresh salmon in January was 32 per cent higher than for the same month last year.
“Low volume, in combination with increased demand for Norwegian salmon, has lifted the export price to NOK 93.25 per kg for fresh whole salmon in January”, says Aandahl.
More salmon to lands beyond Europe
“We also see a turnaround in the flow of goods. In January, 34 per cent of the salmon, measured in value, went to markets outside Europe. We must go back to 1989 to find a higher figure. Increased export volume and high prices to the USA and China have contributed most to this turnaround”, says Aandahl.
A decrease in trout exports
- Norway exported 3,117 tonnes of trout worth NOK 310 million in January
- The value fell by NOK 24 million, or 7 per cent, compared to January last year
- The volume fell by 28 per cent
- The USA, Thailand and Lithuania were the biggest markets for trout in January
Lithuania had the largest increase in export value this month, with an increase in export value of NOK 24 million, to NOK 24.7 million. Measured in product weight, exports increased from 14 tonnes last year to 287 tonnes this year.
Source: Norwegian Seafood Council
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