Norwegian seafood exports in 2022 amounted to more than NOK 150 billion

Published 2023년 1월 9일

Tridge summary

In 2022, Norway's seafood exports hit record highs, with a 14% annual increase in salmon exports, reaching over NOK 100 billion for the first time. Despite challenges such as lower export volumes of certain species and turbulent global markets, the total export value was the highest ever. The devaluation of the Norwegian krone and aquaculture accounting for 73% of total seafood exports also contributed to the increase in value. The United States was the top market for Norwegian seafood exports, experiencing a 46% increase in value compared to the previous year. Aquaculture and fishing revenues accounted for 73% and 27% of the total export value, respectively.

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

Original content

“Seafood exports from Norway have had a historically strong year behind them. This comes at a time of conflict in Ukraine, soaring energy prices, skyrocketing inflation and weakening global purchasing power. The result of difficult and turbulent times is a sharp rise in prices, which last year led to record high prices for important species such as salmon, cod, mackerel, trout, saithe and herring,” Christian Kramer, CEO of the Norwegian Seafood Council. The export record was achieved despite lower export volumes for some species such as salmon, herring, mackerel, cod, king crab and snow crab. There were many important developments in Norwegian seafood exports in 2022. For the first time, Norway exported over NOK 10 billion worth of seafood in each of the twelve months of the year. In addition, salmon exports have exceeded NOK 100 billion. This has never happened before. “Norwegian salmon exports have increased by 14 percent annually over the past ten years. These are fantastic ...

Source: Fishretail