Tridge summary
In August, Norway achieved a record in seafood exports, with a value of NOK 12.5 billion, a 30% increase from the same period last year. This growth is largely due to high salmon prices and volumes, despite challenges such as inflation, lower purchasing power, and increased production costs. The demand for Norwegian seafood is high, with growth in the North American, Asian, and European markets. However, there are variations in export volumes to different markets throughout the year. Additionally, the war in Ukraine has impacted the flow of goods for trout, leading to changes in market dynamics. While there are high prices for live and frozen king crab, demanding logistics to certain Asian markets have resulted in a decrease in export volume compared to previous years. Overall, the export prices for both live and frozen king crab remain at high levels, indicating a strong market despite the logistical challenges.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The value of Norwegian seafood exports has never been higher in a single month than in August. Last month, Norway exported NOK 12.5 billion worth of seafood. This is an increase of NOK 2.9 billion, or 30 per cent, compared to August last year.So far this year, the export value of Norwegian seafood has grown by NOK 21.2 billion, or 29 per cent, to a total value of NOK 94 billion, compared to the first eight months of 2021.Salmon is the export driver”It is the particularly high volumes and prices for salmon that are driving export records in August. This is the best single month of all time for salmon measured in value, while there is an August record for pollock, trout, haddock and the entire whitefish category”, says Børge Grønbech, acting CEO of the Norwegian Seafood Council,.Demanding times”At the same time, we are in a period of high inflation, lower purchasing power, challenging logistics and increased production costs. In addition, a strengthening of the krone against the ...
Source: Seafood
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