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1 Salmon World 29 This version of Salmon World is released as an example for marketing purposes. Kontali s Salmon World report has been updated an published once a year since the first report in 23, and has come to be one of our most popular products, covering production, price and market trends in all significant producing regions and markets for all commercial salmon species. The report gives a comprehensive overview of the global salmon industry, and is an indispensable tool for all stakeholders that need to be on top of the general trends in the salmon business. For more information on the latest version, please visit or contact us at or Industriv. 18, NO-6517 Kristiansund N Norway Tel.: Fax:

2 Content Introduction 3 1 Total supply 5 2 Supply of wild salmon 8 3 Supply of farmed salmonids 11 4 Market development 24 2

3 Introduction This edition of Salmon World sums up the year 28, including all important aspects and events concerning the catch, farming and trade of salmonid fish. Most noticeable in 28 was the health situation in affecting Atlantic salmon in Chile, and a general down-turn in all markets combined with drought in most finance markets. In sum, 28 differed from the year before in several respects, but might have laid the foundation for even more noticeable changes in 29. Highlights: A modest increase in harvest quantities for all farmed species compared to 27 was outweighed by the decrease in all wild salmon fisheries, resulting in an overall decrease in salmonid supply in 28 compared to the year before. Total supply of Atlantic salmon in 28 increased by 6 % compared to 27. Corresponding figures for large trout give an increase by 8,7 %. There were considerable reductions in biomass and smolt release of Atlantic salmon in Chile due to health problems and the ISA-situation. Harvest quantities in Chile were large due to forced harvest of relatively small fish. Atlantic salmon maintained its position as the most important specie by far, with 66 % of total harvest of farmed salmonids, and 5 % of total salmonid supply. Large trout, the second largest contributor, constituted 15 % of the total farmed harvest, 11 % of total supply. There was a noticeable increase in supply of large trout to all markets except to the EU. Increase in other markets was between 1 and 41 %. The increased harvest was accounted for by Norway and Chile. Salmon World 29 Published: March 29 Pages: 31 Publisher: Kontali Analyse AS Industriveien 18 NO-6517 Kristiansund N Norway Tel: ; Fax: Subscription/Purchase: Peggy Larshus Klokseth Monica Eikrem All material in this publication is protected by copyright. Photocopying of any part of this publication for any purpose, copying, reproducing, transmitting in any form or by any means or storing in a retrieval system is prohibited by law, unless permission has been granted in advance by Kontali Analyse AS. Editor: Ragnar Nystøyl Production: Olga Shangina Jan Erik Øksenvåg Arnt Fredrik Kjønhaug Tor Arne Vang Torgeir Lassen 3

4 Definitions Wild salmon The quantities of commercial wild salmon are represented by the catch of the species pink, chum, sockeye, chinook and coho. These species are mainly caught in the USA, Canada, Russia and Japan. Farmed salmon The largest harvest quantities of farmed salmon are represented by the species Atlantic salmon, coho and chinook (the latter two: both pacific salmon). In addition, farmed large trout is included in the category of farmed salmonids. While the salmon species are to a limited extent harvested as wild, the Atlantic salmon, large trout and coho are predominantly considered as farmed salmonid species. They are mainly farmed in Norway, Chile, UK, Canada, USA, Faroe Islands, Australia and Ireland. Salmonids collective name for all salmon fish species, including trout. Red Salmon The species with the most intensive red colour are often named red salmon. These species are especially popular in Japan, and form a specific market segment. These species are coho, large trout and sockeye. Biomass Biomass is the expression used for the inventory of live fish in the sea. While biomass is an expression that can be used for wild salmon, we have solely used this word when describing the quantity of farmed salmon in sea. Factors that lead to an increase in biomass are a higher number and average weight of the fish. Harvest will be a factor reducing the biomass, and losses and diseases can also lead to a reduced biomass. Production When the salmon in the cages eat feed, the weight will increase. If the number of fish is unchanged, this will lead to a higher biomass. The conversion of fish feed to fish weight is called production. The production will normally result in an increase in the biomass, and the increased biomass will later be available for harvest. The term production should not be confused with the term harvest. The production is taking place each day, while the harvest will take place when the fish has reached a marketable harvest weight. Harvest The quantity of salmon taken out of the biomass (inventory) and slaughtered. Weight definitions When the fish is swimming in the sea, the normal definition is live weight. This weight is useful when calculating growth. When the fish is harvested, the fish has been starved for some days and the fish is bled. This weight is called round bled weight or whole fish equivalent (wfe). This weight is used for comparing harvest quantity and quantities in the markets. The individual presentations of a product sold in the markets will have various yields compared with wfe. A typical yield for a whole fillet with skin can be 65%. For a fillet with a product weight of 65 grams, the equivalent whole fish equivalent would thus be 1 kilo. In many of the tables presented in this report, the product weights are converted to wfe, in order to compare harvest quantity with export quantities, and finally market supply. Supply Our definition of supply to markets is based on the exports from the producing and re-exporting countries for any given month. From month to month, there will be minor variations in the inventories along the value chain. As salmon to a large extent is sold as fresh, this approximation would also be a good indication of close to consumption. This is particularly the case for farmed Atlantic salmon. For wild salmon, large trout and coho, the higher degree of canning and freezing, means that the period of consumption can diverge from the corresponding supply period. Smolt release The number of smolts released into the sea determines the potential production in the future. If this potential is fully utilised or not depends on biological conditions and temperatures in the sea. The fish is normally harvested when it reaches a marketable harvest weight. The majority of the salmon and trout is harvested at a weight between 3 and 6 kilos wfe. Production cycle The smolt released into the sea will normally have a weight of approximately 1 grams. It will take months in the sea to reach harvest weight, dependent on initial and final weight, and the growth conditions. 4

5 1 Total supply 5

6 Salmon trade 28: Farmed salmon & trout world wide (Atl. salmon, large trout, coho & chinook in tonnes (wfe) North America: Harvest: 14 Market 375 Latin America: Harvest (Chile): 69 Market: 9 to Japan Norway, Iceland, Faroe Islands: Harvest: 87 Market : 35 EU: Harvest: 21 Market: 85 Russia: Market: 15 Japan: Harvest: 1 Market: 285 Other Asia: Market: 12 Australia & New Zealand: Harvest: 35 Market: 35 6

7 Total supply of salmon species A summary of the total supply of salmon species in 28 show a distribution largely equal to that of 27. Although the changes are relatively small, all farmed species have had an increase in supply in 28 compared to 27, while all wild species have had a reduction in supply. 3 5 Historical supply of all salmonid species 22-28E thousand tonnes wfe Total supply of all salmon species in 28 (farmed and from fisheries) Atlantic salmon Large trout Coho Small trout Pink Chum Sockeye Chinook tonnes wfe Chinook Sockeye Coho Large trout Small trout Chum A look at the historical supply of all salmon species shows a decrease in total supply in 28 compared to 27. The supply of wild salmon is expected to increase in 29 according to the 2-year cyclical fluctuations in Pink fisheries. 5 Pink Atlantic salmon E 7

8 2 Supply of wild salmon 8

9 Catch of wild salmon The largest volumes of wild caught salmon are accounted for by the Pink and Chum fisheries. Both species are recognised as low value species. Pink is caught mainly in Russia and USA (Alaska), while Chum is fished in Japan and USA. USA is the largest producing country, followed by Russia and Japan. Canada has relatively small amounts of wild salmon fisheries. In order to stimulate the commercial salmon fisheries, approx. 4 billion juveniles are released into rivers in enhancement programmes every year. tonnes (wfe) Estimated catches of wild salmon 28 USA Canada Japan Russia Chinook Chum Coho Pink Sockeye Price (USD/lb) 1,4 1,2 1,,8,6 Firsthand prices for salmon in Alaska Bristol Bay sockeye Coho - average for Alaska Chum - Average for Alaska Price trends indicate that first hand prices for Alaskan wild caught salmon increased in 28 compared to 27. The price increase is believed to be an answer to the drop in supplies from Alaskan fisheries in 28 compared to 27.,4,2, Source: Alaska Department of Fish and Game 9

10 Supply of canned wild salmon There was a 38 % reduction in North American production of canned salmon in 28 compared to North American production of canned salmon The reduction was largely due to a 43 2 tonne (-46 %) reduction in U.S. production of canned pink. The reduction was caused by a significant drop in catches. Canadian canned pink and sockeye exports was down 2 5 tonnes (-76 %) in 28 compared to 27. tonnes Canada Sockeye Canada Pink USA Sockeye USA Pink There was a slight decrease of 1 4 tonnes ( -3 %) in U.S. exports of canned pink and sockeye in 28 compared to Sustained exports despite a decrease in production indicate an inventory reduction in tonnes product weight Export of Canadian canned pink & sockeye Pink Sockeye Source: Statistics Canada, DFO tonnes product weight Export of canned sockeye & pink from USA Sockeye Pink Source: US Bureau om the Census 1

11 3 Supply of farmed salmonids 11

12 Supply of farmed salmonids Total harvest quantities of all farmed salmonid species 28 tonnes wfe Norway UK Chile Canada USA Faroe Islands Ireland Australia Others Total Atlantic salmon Large trout Coho Small trout Chinook Total Total harvest of farmed salmonids in 28 was approx tonnes (wfe), an increase of 6,4 % compared to supply in 27. The largest increase in supply was accounted for by the increase in harvest quantities of large trout (8,7 %) and of Atlantic salmon (6 %). The contribution of each specie in the total supply was largely unaltered in 28 compared to 27. Atlantic salmon maintained its position as the most important specie by far, with 66 % of total harvest quantity of farmed salmonids. Large trout, the second largest contributor, constituted 15 % of the total harvest quantity. There was a 12 % decrease in supply of Chinook in 28 compared to

13 Global supply of farmed salmon and trout Total supply of Atlantic salmon in 28 was approx tonnes (wfe). This is a 6 % increase compared to 27. Norway and Chile are still the most significant producing countries. Chilean harvests were high because of forced harvest of relatively small fish. tonnes wfe Global supply of farmed Atlantic salmon 7 % 8 % 5 % 4 % 2 % 1 % 6 % E Others Ireland Faroe Islands USA Canada Chile UK Norway Growth rate tonnes wfe Global supply of farmed Large trout 7 % -6 % 4 % -3 % 7 % 22 % 8 % Others Faroe Islands Sweden Denmark Finland Norway Total supply of large trout in 28 was approx. 329 tonnes (wfe). This is a 6 % increase compared to 27. Norway and Chile are still the most significant producing countries. Harvests were up approx. 25 tonnes in 28 compared to 27, whereas market supply had an increase of approx 8 tonnes. 5 Chile E Growth rate 13

14 Key figures - Norway % change Harve st quantity (tonne s (wfe )) Atlantic salmon % Trout % Smolt re le ase d in to se a (in thousand) Atlantic salmon % Trout % B iomass Atlantic salmon % Trout % Value of salmon and trout (in 1 NOK) Atlantic salmon, export value % Trout, export value % Est. domestic consumption % NOK/kg 43, 38, 33, 28, 23, 18, Average price Norwegian superior Atlantic salmon, packed gutted, delivered FCA Oslo tonnes (wfe) Exported quantity of Atlantic salmon Smoked / other value added Frozen fillets Fresh fillets Whole frozen Whole fresh tonnes (wfe) Exported quantity of large trout Frozen fillets Fresh fillets Whole frozen Whole fresh There was a 4 % increase in fresh Atlantic salmon export in 28 compared to 27. Although there were reductions in quantities of exported frozen salmon, there was an overall increase in salmon exports. Trout export had an increase of 52 %, up to around 9 tonnes (wfe). 14

15 Value of the Norwegian aquaculture 28E: Farmed salmon, trout and other species OVA SMOLTS ONGROWING WELLBOAT HARVESTING/ PROCESSING SALES AND MARKETING TRANSPORT Approx. 5-1 producers of ova Approx. 35 mill. Eggs + other species approx. 6-7 mill. Approx. 19 smolt producing plants in operation Total delivery in 28 approx. 23 mill. smolt (salmon) approx. 2 mill. trout + other species 11 groups with approx. 9 licenses in operation Production 28 approx. 79 tonnes salmon + 8 tonnes trout About 2 tonnes of other species Approx. 85 approved wellboats Approx. 85 processing and packing plants. Total harvest approx. 741 tonnes salmon + 86 tonnes trout. Total harvest cod approx. 15 tonnes Approx. 12 exporters handling both exports and domestic distribution Approx. 17 of these sell 8 % of the quantity (salmon) Transport to market carried out by Norwegian companies NOK 2 mill. NOK 1 8 mill. NOK 14 9 mill. NOK 4 mill. NOK 3 mill. NOK 1 2 mill. NOK 1 2 mill. NOK 2 mill. NOK 16 9 mill. NOK 17 3 mill. NOK 2 3 mill. NOK 21 5 mill. NOK 22 7 mill. 15

16 Key figures - Chile % change Harvest quantity (tonnes wfe) Atlantic salmon % Trout % Coho % Smolt rele ased in to sea (in thousand) Atlantic salmon % Trout % Coho % B iomass Atlantic salmon % Trout % Coho % Export value of salmon and trout (in 1 USD) Atlantic salmon % Trout % Pacific salmon (coho&chinook) % Total export salmonids % Chilean exports of Atlantic salmon increased by 1 % in 28 compared to 27. Whole frozen fish had the largest increase, with almost a doubling of the volumes in 28 compared to 27. There was a significant reduction in both smolt release and biomass for Chilean Atlantic salmon in 28 compared to 27. Exports of large trout increased by 12 % to around 175 tonnes (wfe). Fresh products had the largest increase, with 71 % for fresh fillets and 5 % for fresh whole fish. Also coho exports increased in 28 compared to 27, although not to the same extent as Atlantic salmon and trout. The total increase was by 7 %, up to approx. 118 tonnes (wfe). The overall increase was mainly due to a 12 % increase in exports of whole frozen fish. tonnes (wfe) Export of Atlantic salmon Smoked / other value added Frozen fillets Fresh fillets Whole frozen tonnes (wfe) Export of large trout Smoked / other value added Frozen fillets Fresh fillets Whole frozen Whole fresh tonnes (wfe) Export of coho Smoked / other value added Frozen fillets Fresh fillets Whole frozen Whole fresh 16

17 VALUE OF THE CHILEAN SALMON INDUSTRY 28E Salmon and Trout OVA SMOLTS ONGROWING TRANSPORT PROCESSING/ SALES DISTRIBUTION MARKETS Approx. 1 1 mill. ova of Atlantic, Coho, trout and Chinook produced in 28. Import of approx 275 mill. salmon and trout ova Approx.: 125 mil. Atlantic 79 mill. trout 45 mill. Coho smolt introduced to saltwater in 28 Approx. 35 companies. Production 28: 292 tonnes Atlantic 175 tonnes Trout 1 tonnes Coho companies representing 8 % of total production Domestic transport of smolt, and transport of whole bled fish to the processing plants 28: Approx. weight in wfe: 394 tonnes Atlantic 18 tonnes trout 114 tonnes coho harvested and processed in approx. 3 processing plants companies representing 8 % of the total export 8 % Atl filleted/ VAP 4 % Trout - filleted/vap 5 % Coho - filleted/ VAP Transport to the markets carried out by Chilean companies. Estimated sales 28: 44 tonnes (approx. productweight) 18 % - airfreight 7 % - sea freight 12 % - by trucks including domestic transport from region X to Santiago USD 25 mill. USD 1 5 mill. USD 5 mill. USD 83 mill. USD 17 mill. USD 1 3 mill. USD 1 35 mill. USD 2 18 mill. USD 2 35 mill. *Does not include operations / sales by Chilean companies in the markets 17

18 Key figures - UK % change Harvest quantity (tonnes (wfe) Atlantic salmon % Large trout % Smolt released in to sea (in thousand) Atlantic salmon % Biomass Atlantic salmon % Value of salmon (in 1 EUR) Export value Atlantic salmon % tonnes (wfe) UK export of Atlantic salmon Smoked / other value added Frozen fillets Fresh fillets Whole frozen UK export of Atlantic salmon had a slight decrease (-2 %) in 28 compared to 27. The largest growth was in export of frozen fillets, which increased by 22 % up to 1 6 tonnes (wfe). Both fresh fillet- and whole frozen exports decreasen in 28 compared to 27. There was a reduction in export value (EUR) in 28 compared to 27. The value in 28 was approx. 263 million Euro (-6 %). 18

19 Key figures - Canada % change Harvest quantity (tonnes wfe) Atlantic salmon % Coho % Chinook % Smolt released in to sea (in thousand) Atlantic salmon % Export value of salmon (in 1 CAD) Atlantic salmon % Pacific salmon (primarily farmed) % 95 Canadian farmed salmon exports There was a 7 % increase in Canadian farmed salmon exports in 28 compared to 27. tonnes (wfe) Coho frozen Coho fresh Chinook frozen whole* Chinook fresh whole Atl. Salmon fresh fillets Atl.salmon fresh whole The overall increase was accounted for by a 1 % increase in exports of Atlantic salmon, up to more than 9 tonnes (wfe). Both farmed Chinook and farmed Coho exports fell in 28 compared to 27. Although little in numbers, the reduction for these species was significant in percentage, with a 41 % reduction combined. 7 * may include wild caught fish

20 Key figures - USA % change Harvest quantity (tonnes (wfe)) Atlantic salmon % Smolt released in to sea (in thousand) Atlantic salmon % Value of salmon (in 1 USD) Export value Atlantic salmon % tonnes (wfe) US export of Atlantic salmon Smoked / other value added Whole frozen Whole fresh There was a strong increase in exports of Atlantic salmon from USA in 28 compared to 27. The overall increase was accounted for by a 18 % increase in exports of whole frozen fish, and a 146 % increase in exports of whole fresh salmon. There was an increase in harvest quantities in 28 compared to 27, that can account for part of the increased exports. At the same time, there was a reduction in smolt release. A large proportion of U.S. exports went to Canada for primary processing

21 Key figures Faroe Islands % change s Harve st quantity (tonne s wfe ) Atlantic salmon % Trout % Smolt re le ase d in to se a (in thousand) Atlantic salmon % Trout % B iomass Atlantic salmon % Trout % Value of salmon and trout (in 1 EUR) Export value Atlantic salmon % Export value trout % tonnes (wfe) Faroe export of salmon and trout Large trout frozen whole Large trout fresh whole Atl. Salmon smoked/other Atl. Salmon frozen fillets Atl. Salmon frozen whole Atl.salmon fresh whole In 28 compared to 27, there was an overall growth in salmonid exports of 74 %, up to approx tonnes (wfe). The overall growth was largely accounted for by a 128 % increase in the main export product: whole fresh Atlantic salmon. There were increased volumes in all salmon product groups. There was a 43 % increase in exports of whole frozen large trout, while exports of whole fresh large trout remained at a 27-level. The increased export volumes were reflected by increased export values, although not to a full extent: There was a 7 % increase in Atlantic salmon export value in 28 compared to 27, while the corresponding figure for large trout exports was 2 %. 21

22 Key figures Others (Atlantic salmon) % change Harvest quantity (tonnes wfe) Australia % Ireland % Others % Smolt release (in thousand) Australia 8 9,5 19 % Ireland 4, % Others 1,5 1,5 % Irish harvest volumes have decreased in the last two years, but are expected to recover in 29. Approx. 75 % of the Irish salmon production is certified organic. Production volumes in Australia have increased significantly during the last 3 4 years. More than 8 % of the Australian production is accounted for by the two main companies. Further growth is expected in Australian salmon production. 22

23 Industry structure Harvest quantity - 28E, Atlantic Salmon, Coho Salmon, Chinook, Big T rout Ranking TOP 15 - SALMON FARMING COMPANIES 28E Group Headoffice Total Norway UK Chile Canada USA Faeroe Islands Ireland 1 MA RINE HARV EST GROUP NO CERMAQ NO LERØY SEAFOOD GROUP NO EMPRESAS A QUACHILE CL SA LMAR NO GRIEG SEAFOOD (Incl. Hjaltland) NO SA LMONES MULTIEXPORT CL PESQUERA CAMANCHA CA CL COOKE AQUA CULTURE CA PESQUERA LOS FIORDOS CL NORDLAKS HOLDING NO SJØTROLL NO NOVA SEA NO SA LMONES A NTARTICA JP CULTIVOS MA RINOS CHILOE CL Tonnes (wfe) Others Sum Top Others Total Top 1 in % of total harvest quantity 51 % 5 % 45 % 55 % 92 % 59 % 16 % 48 % % Top 15 in % of total harvest quantity 59 % 61 % 45 % 63 % 92 % 59 % 16 % 48 % % 23

24 4 Market development 24

25 Market development USA S pecies E Change 7/8 Atlantic salmon % Coho % Sockey e % Chum % Pink % Chinook % Large trout % Total supply % EU - 25 S pecies E Change 7/8 Atlantic salmon % Coho % Sockey e % Chum % Pink % Chinook % Large trout % Total supply % Russia S pecies E Change 7/8 Atlantic salmon % Wild Pacific Salmon % Large trout % Total supply % 25

26 Market development Japan S pecies E Change 7/8 Atlantic salmon % Coho % Sockeye % Chum % Pink % Chinook % Large trout % Total supply % Other Markets S pecies E Change 7/8 Atlantic salmon % Coho % Sockeye % Chum % Pink % Chinook % Large trout % Total supply % Total supply % 26

27 tonnes wfe Market development - USA Supply of Atlantic salmon to the US market 5 % -3 % % Total supply to the U.S. market decreased slightly (-4 %) in 28 compared to 27. The decrease was largely due to a drop in imports from Chile. There was a 6 -tonne increase (8 %) in imports from Canada, that partially compensated for the drop in supply mentioned above. Average prices were generally higher than in 27, although with a drop in prices at the end of the year. -2 % 4 % -4 % E Other countries USA United Kingdom Norway Faroe Islands Chile Canada Growth rate USD/kg USD/kg USD/kg 4,5 4,3 4,1 3,9 3,7 3,5 3,3 3,1 2,9 2,7 2,5 2,9 2,7 2,5 2,3 2,1 1,9 1,7 1,5 3,5 3,3 3,1 2,9 2,7 2,5 2,3 2,1 1,9 1,7 1,5 Chilean fresh Atlantic salmon fillet 2-3 lb, price delivered FOB Miami Canadian fresh Atlantic salmon 8-1 lb price delivered FOB Seattle Canadian fresh Atlantic salmon 8-1 lb, price delivered FOB North East

28 tonnes wfe tonnes wfe Market development - EU Supply of Atlantic salmon to EU % 4 % 5 % 3 % 9 % 6 % E Supply of Large trout to EU % 16 % 11 % -6% -4% 5-23% E Other countries Faroe Islands Chile United Kingdom Norway Growth rate Other countries Chile Faroe Islands Sweden Norway Finland Growth rate EUR/kg EUR/kg 7,5 7 6,5 6 5,5 5 4,5 4 3,5 7, ,5 5,5 6 4,5 5 3,5 4 Norwegian fresh Atlantic salmon3-4 kg, wholesale prices, Rungis market Scottish fresh Atlantic salmon3-4 kg, wholesale prices, Rungis market There was a continuation of the trend of increase in supply of Atlantic salmon to the EU in 28 compared to the year before. The increase was by approx. 4 tonnes (wfe) (6 %). The increase was mainly because of increased imports from Norway There was a slight decrease (-2 %) in supply of large trout to the EU in 28 compared to The average prices for Atlantic salmon were generally lower in 28 than in 27 and in

29 Supply to Japan tonnes wfe tonnes wfe Supply of Red salmon to Japan -2 % 11 % -1 % -1 % -2 % Kommentar 9 % E Supply of Atlantic salmon to Japan -23 % 3 % -7 % -15 % -16 % 7 % E Sockeye Coho Trout Growth rate Other countries United Kingdom Norway Faroe Islands Chile Canada Growth rate JPY/kg JPY/kg JPY/kg Norwegian fresh Atlantic salmon 3-4 kg wholesale prices, Tsukiji market Chilean frozen trout 4-6 lb wholesale prices, Tsukiji market Bristol Bay frozen sockeye 4-6 lb wholesale prices, Tsukiji market

30 Supply to Russia tonnes wfe Supply of Atlantic salmon to Russia 42 % 47 % 27 % 43 % 3 % -21% E Other countries United Kingdom USA Canada Chile Norway Growth rate NOK/kg 45, 4, 35, 3, 25, 2, Norwegian fresh HOG Atlantic salmon FOB export price to Russia Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Supply of Large trout to Russia There was an overall growth in supply of both Atlantic salmon and large trout to Russia in 28 compared to 27. tonnes wfe % 41 % 39 % -21 % 43 % 4 % Denmark Faroe Islands Canada Other countries Chile Norway Growth rate The growth was mainly due to a strong increase (4 %) in supply of large trout from Norway and Chile. The increase in supply of large trout in 28 represent a continuation of a near exponential growth seen during the last few years. The average price for Atlantic salmon imported from Norway, as the main supplier, were higher in 28 than in 27, although lower than in E 3

31 Supply to Other markets Supply of Atlantic salmon to Other markets 3 18 % tonnes wfe % 14 % 9 % 9 % 3 % Other countries United Kingdom USA Canada Chile Norway There was a distinct increase in supply of Atlantic salmon to markets other than the ones mentioned in the preceding pages. The increase is largely accounted for by a strong increase (41 %) in Chilean exports to other markets. This reflects the harvest of fish of relatively low weight. The largest market for the low-weight fish was Brazil. 5 Growth rate E Supply of Large trout to Other markets tonnes wfe % -5 % 8 % 24 % 3 % 18 % Other countries Canada Denmark Faroe Islands Chile There was a continued growth in supply of large trout markets other than the ones mentioned in the preceding pages. The overall increase reflects increased volumes from both Norway, Chile, the Faroe Islands and Denmark. 2 Norway 1 Growth rate E 31

32 Get the background data for this report in excel-format! The data material presented in this publication is available in excel format, and can be ordered by contacting us at: The Background data package contains all data used to create the tables and charts presented in this publication, with the exception of pages 6, 15 and

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