Exports of goods
18. Jun 2025
Salmon exports down DKK 300 million
The tables below show export figures for the May 2024-April 2025 period compared with the previous 12-month period.
Fish exports fell DKK 714 million (5.9%). The past year has seen lower exports of some fish species such as salmon, blue whiting, herring and capelin, while exports of most other fish species have increased.
Salmon exports fell DKK 291.7 million. The export value of salmon dropped almost 5%, while the export volume rose by almost 13%.
The export value of mackerel increased by DKK 615.1 million (63.6%). This increase is mostly due to higher prices as the export volume only rose 5.6% year-on-year.
Exports of fodder, fishmeal and fish oil fell DKK 1.1 billion
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Salmon prices have been relatively low in recent years. From 2022 to 2024, the annual average price has been around DKK 68 per kilo. The price peaked in May 2022 when the export value of a kilo of fresh whole salmon was DKK 91.80. However, the price saw great volatility over this period, and the difference between the highest and lowest price was more than DKK 30 per kilo. The annual average price has now come down to just below DKK 58 per kilo.
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The table below shows exports of fishery products by country. The largest increase is in exports to Asia – mostly China. Exports to non-EU countries in Europe dropped by DKK 100 million. However, exports to Russia increased by almost DKK 500 million. Exports to North America dropped significantly. This mostly includes falling exports to the US.
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Recent years have seen a considerable increase in exports to the EU and the US. Most of the exports to the Americas go to the US. Exports to the US have increased from DKK 50-100 million per month in the 2014-2021 period to DKK 100-200 million per month today.
Exports to Asia fell significantly during the Covid-19 pandemic but have now reached pre-pandemic levels.
Five countries purchase goods from the Faroes to the tune of more than DKK 1 billion a year. These are the US, Russia, Denmark, the UK and Spain.
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