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Strongest ever July for Norwegian seafood exports

Norwegian seafood exportsNorwegian seafood.Photo: Norway Today Media

Norway has exported 164,000 tonnes of seafood worth NOK 7.8 billion in July. This is a 6 per cent fall in volume but an 11 per cent, or NOK 768 million, growth in value compared with the same period last year.

So far this year, Norway has exported 1.4 million tonnes of seafood worth NOK 59 billion. Export volume has fallen by 11 per cent, whilst export value has increased by 7 per cent or NOK 3.9 billion compared with the same period last year.

“Growth in the export volume of salmon in July, combined with increased prices, is the main reason why the value of Norwegian seafood exports has remained high during July”.

“Seafood exports fluctuate with the seasons and normally July is our weakest export month. For fishery exports, July 2019 was our second highest July month ever, with an export value of 1.7 billion. This is 5 per cent higher than last year, and just 0.5% less than July 2015, a record year for the fisheries sector”.

“For aquaculture, exports totaled NOK 6.2 billion, which is also a record for the month of July. 78 per cent of total seafood exports in July came from aquaculture”, says Paul T. Aandahl, Seafood Analyst with the Norwegian Seafood Council.

Strong growth for salmon

Norway exported 90,700 tonnes of salmon with a value of NOK 5.8 billion in July. This is a volume increase of 4 percent and a value increase of 11 percent or NOK 584 million compared to July last year.

So far this year, Norway has exported 595,000 tonnes of salmon for NOK 40.3 billion. Volume has increased by 4 per cent, while export value has increased by 7 per cent or NOK 2.5 billion from the same period last year.

The average price for whole fresh salmon in July was NOK 59.55 per kg, compared with NOK 56.38 per kg in July last year. Poland, France and Denmark were the largest markets for salmon in July.

“Demand for salmon continues to increase. The largest growth has been in exports to Asia. This is mainly driven by improved access to the Chinese market. This has led Norwegian exporters to be better able to exploit the potential that exists in this market”, says Paul T. Aandahl, Seafood Analyst at the Norwegian Seafood Council.

Source: seafood.no / Norway Today

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