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NORWEGIAN SALMON EXPORTS TO CHINA SOAR

NORWEGIAN SALMON EXPORTS TO CHINA

Norwegian salmon exports to China soar. So far this year, Norway seen growth in both the value and volume of fresh salmon exports to China. Overall, 12,130 tonnes of fresh salmon from Norway were exported to China during the first six months of the year. This figure is already more than was exported throughout 2018, which saw 12,000 tonnes of Norwegian salmon exported to China.

“We are now seeing considerably more Norwegian salmon making its way to China,” says Victoria Braathen, with the trade mission of the Norwegian Seafood Council in China.

“These increased exports are mainly due to improving market access in the form of more efficient trading, as well as new manufacturers gaining access to the market. On average, about 200 tonnes more Norwegian salmon are entering China each week than during the same period in 2018.

If present trends continue, we can project that Norway will export more than 20,000 tonnes of salmon to China during 2019. Norway continues to strengthen its position and take an increasing share of the rising demand in the market.

In June, Norway exported 82,300 tonnes of salmon worth NOK 5.7 billion to customers around the world. This is a decrease in volume of 3 per cent, while the export value increased by 2 per cent or NOK 133 million compared to the first half of last year. The average price for fresh whole salmon increased from NOK 61.77 per kg to NOK 64.20 per kg.

Meanwhile, Norway exported 24,700 tonnes of trout worth NOK 1.7 billion in the first half of 2019. The volume of exports has increased by 19 per cent, while the value increased by NOK 276 million or 20 per cent compared with the first half of last year.

“In addition to volume growth, there has also been a shift towards exports of fillet of trout in the first half of 2019. We see growth in the US market, where Norwegian trout is gaining ground, as a result of increased accessibility in both the retail trade and in the restaurant market,” says Tom-Jørgen Gangsø of the Norwegian Seafood Council.

“The volume increase has led to somewhat lower prices for both fresh and frozen whole fish, but at the same time we see that fillet prices have increased. Some of this can probably be explained by the fact that the Norwegian kroner is particularly weak against the dollar.”

In June, Norway exported 5,600 tonnes of trout to a value of NOK 331 million. This represents a volume increase of 76 per cent, and a value increase of NOK 110 million or 50 per cent. The US, Belarus and Thailand were the largest markets for Norwegian trout in the first half of 2019.

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