Norwegian salmon exports in July 2024 increased by 13%

Published 2024년 8월 31일

Tridge summary

In July 2024, Norway's seafood exports, valued at NOK 13 billion, saw a 6% increase compared to the same month the previous year, driven by the weakening of the Norwegian krone against the euro and dollar. Despite a 2% decrease in export values when converted to US dollars, prices fell which led to increased exports to major markets like Germany, Poland, the Netherlands, and the United States. Salmon exports to these countries increased by 36% in value and 38% in volume, with Thailand, Ukraine, and the United States being the largest markets. There was a decline in wild cod but a increase in farmed cod production. The UK saw the largest increase in export value, up by 64%, due to a surge in demand. The growth was also driven by exports of fishmeal and fish oil, with frozen whole cod seeing an overall volume growth of 3%.

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Original content

In euros, export values remained unchanged compared to July 2023, while in US dollars they decreased by 2%. Exports to Germany grew strongly Mr. Paul Aandahl, seafood analyst at NSC, said: Despite the price decline, exports to some major markets increased. Exports to the German market grew the most in value in July, up by NOK 142 million, or 46% compared to July 2023. The volume of exports to Germany reached 4,800 tonnes, up 53% compared to the same period last year. Exports increased strongly in the context of low supplies at the beginning of the year as well as favorable currency values for exports. Poland, the Netherlands and the United States were the largest markets for Ocean salmon in July 2024. In July 2024, Norway exported 8,025 tonnes of salmon worth NOK 698 million, up NOK 186 million or 36% compared to July 2023, and by 38% in volume. Thailand, Ukraine and the United States were the largest markets for salmon in July. July saw a sharp decline in wild cod, but farmed cod ...

Source: Vinanet