Another record month for Norwegian seafood exports

Published 2022년 12월 9일

Tridge summary

In November, Norway's seafood exports experienced a slight drop in volume to 125,234 tonnes but saw a significant 28% increase in value to NOK 10.1bn (£840m), setting a new record for the month. The United States, Poland, and France were the top markets, with the US witnessing an 87% rise in purchases. The increase in value is primarily due to price hikes, attributed to high food inflation and rising costs across the value chain. Record-breaking exports were noted for salmon, trout, pollock, and cod, despite a 25% decrease in farmed trout volume. Fresh cod exports surged by 43%, and shrimp exports also saw a 40% increase.

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

Original content

Salmon export volumes fell slightly last month to 125,234 tonnes, but the value rose 28% to NOK 10.1bn (£840m), making this month another record month for the fish. Once again, Poland, France and the US were the largest sales markets, with the biggest growth being seen in North America. US sales rose 87% to NOK 431m (£36m). Christian Kramer, CEO of the Norwegian Seafood Council, said: “November's export volume was the third largest in a single month and confirms that Norwegian seafood continues to have a strong position in the world. However, it is worth noting that the increase in demand does not come from higher volume, but from higher prices. In general, we have a situation with high food inflation and rising costs, which drive up prices along the entire value chain.” He said price increases alone accounted for almost NOK 3 billion of total NOK 14.4 billion seafood exports in November. It has been a particularly good month for salmon, trout, pollock and cod, with exports ...

Source: Fishretail