Norway's mackerel export value hits new record in October

The value increased by NOK 750 million, or 42%, compared to the same month last year. The sales volume increased by 16%. Japan, South Korea and China were the largest markets for mackerel in October. A new strong record was set for the value of mackerel exports in a single month, at NOK 2.5 billion. This is a full NOK 750 million more than the previous record month, which was in October 2023. “A good fishery, in which the quotas were largely used, resulted in a good supply of mackerel for export. Although this year’s quota was reduced by 5% compared to last year, the possibility of carrying over the quotas from year to year meant that more mackerel was caught this year than last year,” says Jan Eirik Johnsen, Head of Pelagic Species at the Norwegian Seafood Council. Mackerel is strong in many Asian markets and there is a large, established industry dependent on the raw material. ...