All-time high for Norwegian seafood exports in October

Published 2024년 11월 5일

Tridge summary

In October 2023, Norway's seafood exports reached a record value of NOK 18.5 billion, driven by strong mackerel exports, particularly to Asian markets. Despite a decline in exports to the EU, the US market saw an increase, especially in salmon fillets. Norway's increased processing capacity boosted fillet exports, while prawn exports surged due to a strong fishery in the Barents Sea. However, king crab and snow crab exports declined due to lower quotas and competition. The Dominican Republic saw growth in saithe clipfish exports, while Portugal experienced a decline in cod clipfish imports. Overall, Norway's seafood export landscape showed mixed results with significant growth in certain areas and declines in others.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Norway exported seafood worth NOK 18.5 billion in October. This is an increase of NOK 914 million, or 5 per cent, compared with the same month last year. “Never before has a higher value of seafood been exported in a single month. This is primarily due to exceptionally strong mackerel exports that we have never seen before. This alone accounted for almost all the growth in value in October," says Christian Chramer, CEO of the Norwegian Seafood Council. Large export volumes and high export pricesNorway exported mackerel worth NOK 2.5 billion in October. This is an increase of NOK 750 million compared with the same month last year, which was also the previous export record for mackerel. “This year, a record high proportion of mackerel from Norway was exported in October. High demand in Asia has led to increased competition and higher prices, which confirms the strong position of Norwegian mackerel. At the same time, we are aware that such a price increase will put ...

Source: Seafood