Tridge summary
In July, Norwegian seafood exports reached record levels, with the value of the exports mirroring last year's figures, despite challenges such as a strong Norwegian krone, disrupted Asian markets, and lower tourism affecting freight options. The value of salmon exports, the largest category, saw a minor decrease of 2%, amounting to NOK 5.6 billion for 94,800 tonnes, due to weakened demand in Asia. Trout exports experienced a significant 43% increase in volume and a 15% rise in value. Both fresh and frozen cod exports saw positive growth, primarily to the UK, US, and the Netherlands. However, clipfish exports experienced a decline, and while herring exports saw a reduction, mackerel exports surged. King crab and prawn exports also saw decreases in volume and value. Overall, the European markets absorbed larger volumes at lower prices, while the currency situation continued to positively impact export value.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Norwegian seafood exports equal earlier July records. Three highlights from July export statistics The value of seafood exports equalled last year’s record for July. Contributing factors include: “The currency situation is still favourable for export value, but the Norwegian krone has strengthened recently. At the same time, the situation in Asia has still not normalized after suspicions of infection in a food market in China in June. At the same time, general tourism is lower than last year, with fewer freight options and some restrictions in individual markets. The European markets are importing larger volumes overall, but at a lower price”, says director of market insight and market access at the Norwegian Seafood Council, Tom-Jørgen Gangsø. Salmon exports worth NOK 5.6 billion – growth in volume Norway exported 94,800 tonnes of salmon worth NOK 5.6 billion in July. This is a volume increase of 6 per cent but a reduction in value of 2 per cent or NOK 132 million from July last ...
Source: Fish Focus
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