Compared to week 24 this year, the decrease was 94 percent.
Exports of fresh salmon to China fell by 97 percent
(NORWAY, 6/29/2020)
Exports of fresh salmon to China fell by 97 percent last week to 15 tonnes compared with the same week last year. Compared to week 24 this year, the decrease was 94 percent.
"The sharp fall in weekly exports of salmon to China must be seen in light of recent outbreak of Covid-19 in Beijing and the effects this has had on the trade and demand of salmon. Chinese authorities confirmed last week that salmon is not the source of infection for the outbreak and we can thus say that the situation is somewhat clearer. At the same time, it is too early to say what effects the new outbreak will have on demand for fresh salmon going forward," says Victoria Braathen, the Norwegian Seafood Council's Country Director in China.
"As the situation gradually normalizes, we have great faith in the Chinese seafood market and further potential for Norwegian salmon here," says Braathen.
So far this year, Norway has exported 9 958 tonnes of fresh salmon to China. This is a decrease of 13 percent compared to the same period last year. Salmon exports down 3 percent last week Last week there was a decrease in salmon exports of 3 percent measured in round weight* to 22 883 tonnes.
Exports of fresh whole salmon to China week 1-25
Exports of fresh whole salmon to Asia fell by 38 percent last week, while exports of fresh whole salmon to the EU fell by 1 percent compared to the same week last year.
The average export price for fresh whole salmon last week was NOK 61.90 per kilo. This is 5 percent lower than the same week last year. The export price to the EU measured in euros was 13 percent lower last week, at 5.65 euros per kilogram.
"We see that when the price falls, higher volumes go to processing markets such as Poland and Lithuania. Last week, exports of fresh whole salmon to Poland increased by 24 percent and 5 percent to Lithuania,” says Paul Aandahl, Seafood Analyst at the Norwegian Seafood Council.
"Salmon exports to Asia has been weaker than last year since week 23, which must be seen in the context of the strong price increase for large salmon and the recent outbreak of the Coronavirus in Beijing. Exports of fresh salmon to Asia have fallen by 23 percent in the last three weeks. In the same period, exports to the EU increased by 1.5 percent. The export share to the EU was 80 percent last week, compared with 75 percent the same week last year. Salmon exports fell to all markets in Asia last week, with the exception of South Korea, “ Aandahl said.
*The sum of the export of fresh whole salmon, fresh fillet of salmon, frozen whole salmon and frozen fillet of salmon converted to round weight.
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