Photo: Norwegian Seafood Council

World market situation for Norwegian salmon and trout

NORWAY
Monday, December 06, 2021, 07:00 (GMT + 9)

A new monthly record for salmon

•     127,000 tonnes of salmon worth NOK 8 billion were exported in November.
•     Export volume increased by 19 per cent.
•     Export value increased by NOK 2.3 billion, or 40 per cent, compared with November last year.
•     Poland, France, and Denmark were the largest markets for Norwegian salmon in November.

“The strong development that we have seen for salmon exports this autumn continues in November with a new monthly record in value. In export volume, this is the third highest ever, only beaten by September and October this year”, says Paul T. Aandahl, Seafood Analyst with the Norwegian Seafood Council.

Strong growth to Thailand

Most markets have seen a strong increase in export volume and value as a result of continued high sales to the grocery trade. At the same time, the consumption of salmon in restaurants has increased compared to last year.

“Thailand is a market that is worth highlighting this month. In November, Norway exported salmon worth NOK 145 million, which is a growth of as much as 92 per cent. Export volume totalled 2,400 tonnes, an increase of 47 per cent compared to the same month last year”, says Paul T. Aandahl.

Record for trout

•     6,600 tonnes of trout worth NOK 427 million were exported in November.
•     Export volume increased by 6 per cent.
•     Export value increased by NOK 102 million, or 31 per cent, compared with November last year.
•     Belarus, Japan and the USA were the largest markets for Norwegian trout in November.

The export value for trout in November is the highest recorded. It is 2 per cent higher than in the previous record month, which was in September this year.

Volume growth for the first time this year

“Export volume has varied a lot in recent years. In November, there was a volume growth of 6 per cent compared with the same month last year. This is the first time this year that we see an increase. Compared with the record month in April 2016, the volume was still 17 per cent lower”, says Paul T. Aandahl, Seafood Analyst with the Norwegian Seafood Council.

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