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Salmon/Farmed Fish

 
Report Date: Monday, December 03, 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 in December is NOK 62.25 (EUR 6.40/kg), while for January and February 2019 they estimate it will be at NOK 64.70 and NOK 63.55 (EUR 6.65 y 6.52).

During week 47, the average price of fresh salmon was NOK 53.84 (EUR 5.54/kg). This figure is down 4% on that of the previous week and up 10% on that of the same week in 2017. Compared with the same week in 2016, it was down 14% in value, according to Norwegian Statistics. The weekly average FOB price of fresh salmon exports (HS 03121201 and 03121202) at Norwegian Customs so far in 2018 was NOK 61.41/kg (EUR 6.32/kg), down 1% on that of the same period in 2017 and up 3% 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 62.48 (EUR 6.43/kg), up 3% on that of the previous week and 8% on that of the same week in 2017. It is down 14% on that of 2016. So far this year, the average price of exports of frozen salmon has been NOK 59.04 (EUR 6.08/kg), down 9% in value on that of and up 2% 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 19,701 tonnes. This figure is up 1% on that of the previous week and similar to that of the same week in 2017, and up 5% on that of the same week in 2016. So far this year, exports of salmon have reached 802,101 tonnes, up 7% on those of the same period in 2017 and 10% on those 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 435 tonnes. This figure is down 13% on that of the previous week, down 23% on that of the same week in 2017, and down 36% on that of 2016. So far this year, exports of frozen salmon have reached 16,655 tonnes, down 15% on those of the same period in 2017 and 29% on those of the same period of 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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