Tridge summary
In January, Norway experienced a significant surge in seafood exports, with a 26% increase in value compared to the same period last year, reaching NOK 10.3 billion, despite challenges such as bad weather and logistical issues. Salmon was the primary driver of this growth, accounting for 70% of the total value and setting a January record both in value and volume. Other fish like cod, saithe, and trout also saw increased values, with cod achieving an 82% value increase and trout a 57% increase. However, wild-caught seafood volumes and values decreased by 17% and 26%, respectively, due to challenges like weather and quota limitations. The United States, France, and Poland were the top markets for salmon, while Thailand, Japan, and the USA were the largest markets for trout. Cod also had a strong start, with high prices and increased demand. Despite the challenges, the industry remains optimistic about the market demand and prices for many products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Norway exported seafood worth NOK 10.3 billion in January. An increase of NOK 2.1 billion, or 26 per cent, compared with January last year. "January this year gave the highest export value ever, and thus the strong trend continues from 2021. Despite challenges with the corona pandemic, prices for many of our products increased. It was also a January record in both value and volume for salmon", says Renate Larsen, CEO of the Norwegian Seafood Council. In January, the total volume of exported seafood fell by 17 per cent, compared with the same month in 2021. A decline for wild-caught seafood "There was a clear difference in exports in January. While fish from aquaculture had a value growth of 42 per cent, there was a decrease in both volume and value on the wild catch side. Occasionally bad weather presented some challenges for the fleet. Still, thanks to significant growth in demand in the markets, there was increased value for several wild-caught products, including cod and ...
Source: Seafood
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