In week 21 of 2024, the average per-kilogram price of Norwegian salmon reached NOK 119.65 (USD 0.91, EUR 0.84), down from the previous week’s NOK 129.28 (USD 12.07, EUR 11.16), marking a NOK 9.64 (USD 0.91, EUR 0.84) decrease week over week.
According to the Nasdaq Salmon Index, a database that provides weekly sales updates and a weighted average price for fresh, head-on gutted Atlantic superior salmon from Norway, average prices have increased 1.44 percent over the past four weeks and increased 4.7 percent over the past 12 weeks.
Salmon between 1 and 2 kilograms accounted for 0.26 percent of total sales during the 21st week of 2024 and reached an average price of NOK 82.22 (USD 7.77, EUR 7.18), down from the prior week’s NOK 84.84 (USD 7.92, EUR 7.32).
Salmon between 2 and 3 kilograms comprised 11.3 percent of total sales and sold for an average of NOK 101.96 (USD 9.63, EUR 8.91), down from the previous week’s NOK 112.81 (USD 10.53, EUR 9.73).
Salmon in the 3- to 4-kilogram range comprised 24.25 percent of total fish sold and had a per-kilo average price of NOK 125.83 (USD 11.75, EUR 10.86), up from the previous week’s NOK 124.80 (USD 11.65, EUR 10.77).
The 4- to 5-kilogram category, comprising 27.63 percent of total sales in week 21, had its average week-over-week per-kilo price decrease by NOK 8.95 (USD 0.85, EUR 0.78), reaching NOK 122.08 (USD 11.53, EUR 10.66), down from week 20’s NOK 131.04 (USD 12.23, EUR 11.30).
Norwegian salmon between 5 and 6 kilograms made up 25.22 percent of sales, and prices in the category decreased NOK 7.42 (USD 0.70, EUR 0.65) week over week, amounting to NOK 128.91 (USD 12.17, EUR 11.26), down from the previous week’s NOK 136.33 (USD 12.72, EUR 11.76).
Salmon in the 6- to 7-kilogram category made up 6.33 percent of total sales and sold for an average of NOK 128.27 (USD 12.11, EUR 11.20), down from the previous week’s NOK 134.42 (USD 12.55, EUR 11.59).
Salmon weighing between 7 and 8 kilograms, which accounted for 1.78 percent of total distribution, reached an average per-kilo price of NOK 122.87 (USD 11.60, EUR 10.73), down from the previous week’s NOK 132.47 (USD 12.36, EUR 11.43).
Salmon in the 8- to 9-kilogram range comprised 0.85 percent of sales, and its prices decreased week over week by NOK 6.95 (USD 0.66, EUR 0.61) to reach an average of NOK 118.19 (USD 11.16, EUR 10.32), down from the previous week’s NOK 125.15 (USD 11.68, EUR 10.79).
International commodity exchange Fish Pool reported a decline in the average futures pricing of Norwegian salmon, indicating a downward trend for the foreseeable future.
May’s average prices declined to NOK 122.50 (USD 11.56, EUR 10.70) from the prior week’s NOK 126.50 (USD 11.87, EUR 10.97). June’s predicted futures pricing declined to NOK 113.50 (USD 10.71, EUR 9.91) from the previous week’s NOK 117.50 (USD 11.03, EUR 10.19).
Q3 futures pricing predictions for 2024 declined to NOK 88.27 (USD 8.33, EUR 7.71) from the previous week’s NOK 89.77 (USD 8.43, EUR 7.78), while Q4 2024 futures pricing also declined, dropping to NOK 89.73 (USD 8.47, EUR 7.84) from the previous week’s NOK 91.23 (USD 8.56, EUR 7.91).
The Norwegian Salmon Council's weekly report on Norwegian seafood exports showed the country exported 12,602 metric tons (MT) of salmon in the 21st week of 2024, up from the previous week's 11,739 MT.
European nations were yet again the primary market for Norwegian salmon, purchasing 9,607 MT of the product, which spiked from week 20's 8,621 MT.
Denmark imported 1,651 MT, which is higher than the 1,554 MT from the previous week; France imported 1,451 MT, up from the previous week’s 1,073 MT; the Netherlands imported 1,303 MT, up from 908 MT imported the previous week; Spain imported 1,228 MT, up from the previous week’s 1,124 MT; Poland purchased 1,202 MT, down from the previous week’s 1,341 MT; Italy imported 1,112 MT, up from the previous week’s 1,059 MT; and the U.K. imported 745 MT, up from the previous week’s 610 MT.
China received 472 MT of Norwegian salmon, which was down from the previous week’s 532 MT, and the U.S. imported 46 MT, which was down from the previous week’s 92 MT.
