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Salmon/Farmed Fish

 
Report Date: Sunday, July 15, 2018
 
 
 

This report covers the activity of salmon in Norway, focusing on aspects such as harvests, prices, markets and exports and imports.

EUROPE

Norway

Prices

The future price for 3 to 6 kg for July is NOK 56.00 (EUR 5.91/kg), while that for August and September is expected to reach NOK 58.00 and 56.50 (EUR 6.11 and 5.95).

During week 27, the average price of fresh salmon was NOK 58.55 (6.20/kg). This price is up 1% on that of the previous week and down 11% on that of the same week in 2017. Regarding the same week in 2016 it is down 17% in value according to Norwegian Statistics. The weekly FOB price of fresh salmon exports (HS 03121201 y 03121202) at Norwegian Customs averaged NOK 64.34/kg (EUR 6.81/kg) so far in 2018, down 3% on that of the same period in 2017 and up 10% on that of 2016.

Graph 1: Average weekly price of fresh farmed salmon exports,
2014/2018, in NOK/kg

Source: Norwegian Statistics

The average price of exports of frozen salmon was NOK 60.96 (EUR 6.45/kg), down 4% on that of the previous week and 13% on the same week in 2017. It was down 12% on that of 2016. So far this year, the average price of exports of frozen salmon reached NOK 58.03 (EUR 6.14/kg), down 15% on that of the previous year and up 9% on that of 2016.

Graph 2: Weekly average price of exports of frozen farmed salmon,
2014/2018, in NOK/kg

Source: Norwegian Statistics

Markets

Exports of fresh salmon during the analysed week reported 17,914 tonnes. This figure is up 6% on that of the previous week and up 13% on that of the same week in 2017; it was also up 50% on that of the same week in 2016. So far this year, exports of salmon registered 428,779 tonnes, up 10% on that of the same period in 2017 and 9% on that of 2016.

Graph 3: Weekly Norwegian exports of fresh farmed salmon,
2014/2018, in tonnes

Source: Norwegian Statistics

Exports of frozen products during the week reported 393 tonnes. This figure is up 10% on that of the previous week and 116% on that of the same week in 2017; it was also down 25% on that of the same week in 2016. During the year, exports of frozen salmon registered 8,272 tonnes, down 27% on that of the same period last year and down 39% on that of the same period in 2016.

Graph 4: Weekly Norwegian exports of frozen farmed salmon,
years 2014/2018, in tonnes

Source: Norwegian Statistics

By DGA

www.fis.com


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