Price transmission from Norwegian export to German and Spanish market for salmon products

This thesis analyzes the price transmission from Norwegian export of salmon to retail products in Germany and Spain. The thesis shows the relationship between the export prices and the retail prices as well as the degree of the relationship. With export of salmon and the sale at retail level we are looking at the beginning and the end of the supply chain. In between these supply chain levels the price is transmitted and at some levels the transmission decreases. This means that for several reasons the price transmission not always is complete from export to retail. This thesis focuses on the relationship between the export and retail as well as testing for other factors that can help us understand the potential patterns and differences in different product categories. It is also studied for potential patterns and differences in prepacked and non-prepacked salmon products. The assumptions made before the analyses was that the price transmission would decrease as the processing increased. The results from the analyses show that there is a relationship between the export and retail price for some of the product categories. While some had no relationship. This shows that the salmon markets in Germany and Spain are different for the product categories. The markets change over time and these results may be very different in a few years. However, for the time being there were not enough relationships for us to be able to uncover the potential patterns mentioned. For the prepacked and non-prepacked salmon the results show that the price transmission is higher for the non-prepacked salmon compared to the prepacked salmon. This can be explained by the fact that the non-prepacked salmon product that is bought are packed at the retail level removing the packing step from the supply chain