newstodate.aero
Sep 18, 2014 (newstodate): Norway's salmon export to Russia has dipped deeply, reflecting the Russian import ban since August 7, 2014.
The value of Norway's salmon exports to the Russian market thus dropped no less than 82 percent in August 2014, y-o-y, to 63.4 mio Norwegian Kroner, or a mere 1,750 tonnes.
Despite this, the Norwegian salmon is still thriving on a global scale, as seen from the latest statistics.
The value of the country's global sales of salmon thus continued to rise in August with an increase by three percent, y-o-y, to 4.8 bio Norwegian Kroner.
At the same time, the average world market price for Norwegian salmon dropped 11 percent, y-o-y, in August 2014, because of the temporary excess in supply due to the closure of the Russian market.
Balancing the decline in Russian sales, other markets increased in August, with the volumes sold to the US market increasing by about 900 tonnes to a total of 2,006 tonnes.
Volumes exported to Asian markets also increased by 2,000 tonnes, up 20 percent, y-o-y.
Exports to the EU markets increased by 22 per cent, to 63,902 tonnes.
The Russian salmon was transported by trucks while exports to Asia and the USA are lifted by air.
With the changing pattern of Norwegian seafood, notably salmon exports, the over-all logistics are thus much affected with a growth in demand for airfreight capacity on routes to Asia and the USA.
The value of Norway's salmon exports to the Russian market thus dropped no less than 82 percent in August 2014, y-o-y, to 63.4 mio Norwegian Kroner, or a mere 1,750 tonnes.
Despite this, the Norwegian salmon is still thriving on a global scale, as seen from the latest statistics.
The value of the country's global sales of salmon thus continued to rise in August with an increase by three percent, y-o-y, to 4.8 bio Norwegian Kroner.
At the same time, the average world market price for Norwegian salmon dropped 11 percent, y-o-y, in August 2014, because of the temporary excess in supply due to the closure of the Russian market.
Balancing the decline in Russian sales, other markets increased in August, with the volumes sold to the US market increasing by about 900 tonnes to a total of 2,006 tonnes.
Volumes exported to Asian markets also increased by 2,000 tonnes, up 20 percent, y-o-y.
Exports to the EU markets increased by 22 per cent, to 63,902 tonnes.
The Russian salmon was transported by trucks while exports to Asia and the USA are lifted by air.
With the changing pattern of Norwegian seafood, notably salmon exports, the over-all logistics are thus much affected with a growth in demand for airfreight capacity on routes to Asia and the USA.