Exports NOK 10 million higher than in June 2022
July 2022 was the best single month ever for salmon exports, the Norwegian Seafood Council has reported. In other words, exports were NOK 10 million higher than the previous record month (June 2022). The price for fresh whole salmon in July was NOK 84.87 per kg.
Precisely, Norway exported last July seafood with a value of NOK 11.6 billion. Representing an increase of NOK 2.1 billion, or 23% more compared to July 2021. To clarify, total seafood exports were valued at NOK 81.7 billion. This is an increase of NOK 18.5 billion, or 29%, compared to last year.
As a result, Børge Grønbech, Acting CEO of the Norwegian Seafood Council, explained: “While the export volume for important species such as salmon, cod, mackerel, and herring fell in July, high salmon prices made the largest contribution to July´s strong seafood export results.”
“These are also challenging times for the Norwegian seafood industry, which is impacted by high inflation and cost growth. Both factors have weakened most consumers´ purchasing power. In addition, supply logistics out to the markets are challenging in several areas. These factors can influence the development of seafood exports going forward,” advised Grønbech.
According to salmon, the Council agrees that there is still high demand for Norwegian salmon and prawns. However, export volume is behind last year’s level. On the other hand, the price for fresh whole salmon in July was 35% higher than last year for the same month.