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    Home > Food News > Food Articles > High salmon prices, Norwegian seafood exports break record in April

    High salmon prices, Norwegian seafood exports break record in April

    • Last Update: 2022-05-19
    • Source: Internet
    • Author: User
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    In April 2022, Norway's seafood export data set a new record again.
    The export value increased by 33% year-on-year to NOK 11.
    3 billion, and the export value in the first four months of this year increased by 25% compared with the same period last year
    .
     
    "The value of exports increased significantly in April, mainly due to higher prices for key species such as salmon, cod, rainbow trout and haddock," said Borge Gronbech, acting CEO of the Norwegian Seafood Council (NSC)
    .
     
    The increase in seafood prices was attributed to the general increase in global market prices, the reduction in the supply of seafood in global circulation, and the full opening of the European catering industry
    .
    In addition, household consumption of seafood increased during the epidemic, a trend that has been preserved
    .
     
    “While maintaining global trade, it is also important to note rising production costs, including higher input prices, higher energy and fuel prices, and higher logistics costs
    .
    Even if Norwegian seafood prices are able to remain stable, in other input prices Maintaining market trade in volatile conditions will also have many challenges
    ," Gronbech said
    .
     
      Norwegian salmon exports reached NOK 8.
    1 billion in April, up 43% year-on-year and accounting for 71% of Norway's total exports
    .
    Salmon exports were around 82,500 tonnes, down 3% year-on-year
    .
     
      NSC analyst Paul Aandahl said: "We saw record export months because of high salmon prices
    .
    We have never seen higher prices in a single export month, and the reason behind this is the decline in global production, coupled with demand growth
    .
     
      Year-to-date, Norwegian salmon exports to Poland (reprocessing) have continued to decline, while the French, Italian, US and UK markets have continued to increase
    .
    Shipping costs to Asia remain a challenge, reflecting a drop in exports to South Korea and Japan in April
    .
    Salmon consumption in Norway has also increased from before the pandemic
    .
     
      In April, Norwegian rainbow trout prices also rose sharply
    .
    Rainbow trout exports increased by 31% year-on-year to NOK 317 million, while exports fell by 9% year-on-year to 3,400 tons
    .
     
      Rainbow trout prices follow the same trend as Atlantic salmon, and despite negative growth in Belarus and Ukraine, the average price of chilled whole rainbow trout in April was NOK 94.
    50/kg, which is only 3% cheaper than chilled Atlantic salmon, Aandahl said
    .
    Export of seafood
     
      "The value of exports increased significantly in April, mainly due to higher prices for key species such as salmon, cod, rainbow trout and haddock," said Borge Gronbech, acting CEO of the Norwegian Seafood Council (NSC)
    .
     
      The increase in seafood prices was attributed to the general increase in global market prices, the reduction in the supply of seafood in global circulation, and the full opening of the European catering industry
    .
    In addition, household consumption of seafood increased during the epidemic, a trend that has been preserved
    .
     
      “While maintaining global trade, it is also important to note rising production costs, including higher input prices, higher energy and fuel prices, and higher logistics costs
    .
    Even if Norwegian seafood prices are able to remain stable, in other input prices Maintaining market trade in volatile conditions will also have many challenges
    ," Gronbech said
    .
     
      Norwegian salmon exports reached NOK 8.
    1 billion in April, up 43% year-on-year and accounting for 71% of Norway's total exports
    .
    Salmon exports were around 82,500 tonnes, down 3% year-on-year
    .
     
      NSC analyst Paul Aandahl said: "We saw record export months because of high salmon prices
    .
    We have never seen higher prices in a single export month, and the reason behind this is the decline in global production, coupled with demand growth
    .
     
      Year-to-date, Norwegian salmon exports to Poland (reprocessing) have continued to decline, while the French, Italian, US and UK markets have continued to increase
    .
    Shipping costs to Asia remain a challenge, reflecting a drop in exports to South Korea and Japan in April
    .
    Salmon consumption in Norway has also increased from before the pandemic
    .
     
      In April, Norwegian rainbow trout prices also rose sharply
    .
    Rainbow trout exports increased by 31% year-on-year to NOK 317 million, while exports fell by 9% year-on-year to 3,400 tons
    .
     
      Rainbow trout prices follow the same trend as Atlantic salmon, and despite negative growth in Belarus and Ukraine, the average price of chilled whole rainbow trout in April was NOK 94.
    50/kg, which is only 3% cheaper than chilled Atlantic salmon, Aandahl said
    .
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