Trout exports to Ukraine boom as salmon sales crash 30 percent

by
Editorial Staff

The average price of salmon to Ukraine is NOK 111.29 per kg, while the average price of fresh trout is NOK 88.69 per kg.

Norway exported 29,839 tonnes of trout worth NOK 2.9 billion in the first half of the year, representing an increase of NOK 628 million, or 27 percent, compared to the same period last year. This reflects a growth in volume of 44 percent.

The largest markets for trout in the first half of the year were Ukraine, the USA, and Thailand, according to the latest figures from the Norwegian Seafood Council.

Ukraine experienced the highest value growth, with an increase of NOK 423 million, or 282 percent, compared to the first half of last year. Exports to Ukraine totaled 6,586 tonnes, marking a 272 percent rise from the same period last year.

Replacing Salmon with Trout

“Ukraine is a market for both salmon and trout. Despite a 30 percent decline in the export volume of salmon, the export volume of salmonids increased by 11 percent. The shift towards trout to Ukraine must be seen in the context of lower prices for trout compared with salmon,” said Seafood Analyst Paul T. Aandahl of the Norwegian Seafood Council.

The average price of salmon to Ukraine so far this year is NOK 111.29 per kg, while the average price of fresh trout is NOK 88.69 per kg. The price of fresh trout fillets has reached a record high of NOK 154 per kg, which is NOK 7 per kg higher than the previous record set in the first half of 2023.

In June, Norway exported 6,300 tonnes of trout worth NOK 502 million. This value represents a decrease of NOK 15 million, or 3 percent, compared to June last year, despite a 27 percent growth in volume.

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