Fall in Norwegian seafood export value despite growth in volume for some species

Published 2021년 3월 3일

Tridge summary

In February, Norway's seafood exports, valued at NOK 8.7 billion, experienced a 5% decrease from the previous year, marking the second-highest February on record. Despite the corona pandemic's impact, record-high volumes of salmon and herring were exported. Salmon exports saw growth to China and Italy, while herring exports benefited from a 25% increase in the Norwegian spring-spawning herring quota. However, other species such as trout, cod, and stockfish experienced declines. King crab and herring were the only species with increased export values, while prawn exports saw a slight increase in volume but a decrease in value. The market situation remains nuanced with uncertainty, and the impact of coronavirus restrictions and quotas continues to influence the seafood industry.

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

Original content

Norway exported seafood worth NOK 8.7 billion in February. This figure represents a decrease of NOK 482 million, or 5 per cent, compared with February last year, and continues the downward trend that started in January."Although seafood markets are still strongly affected by the corona pandemic, the value of seafood exports in February is the second-highest February on record. This is partly because record-high volumes of individual species like salmon and herring have been exported", says Renate Larsen, CEO of the Norwegian Seafood Council.A nuanced picture In February, most species' export value fell, except for king crab and herring, compared to the record-strong February of 2020. "A year ago we saw historically high prices for salmon and cod, and that was before the pandemic struck and reduced the sale of seafood in hotels and restaurants globally. It should also be mentioned that the picture is nuanced and that there is still significant uncertainty associated with future ...

Source: Seafood