Price growth led to a record start for Norwegian seafood exports in 2023

Published 2023년 2월 6일

Tridge summary

Record price growth has led to a record start for Norwegian seafood exports in 2023, with a total export value of NOK 12.7 billion in January, a 23% increase from the same period last year. This is the 17th month in a row that seafood exports have exceeded NOK 10 billion. The USA has become the largest market for Norwegian seafood exports, with a 41% increase in exports compared to January last year. Other markets that saw significant growth include China and Brazil. The average price for whole fresh salmon in January was 32% higher than the same month last year, and 34% of salmon exports went to markets outside Europe, a first since 1989. Other species such as cod, trout, pollock, herring, mackerel, king crab, and prawns also experienced increased export values.

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Original content

Price growth led to a record start for Norwegian seafood exports in 2023. Norway exported NOK 12.7 billion worth of seafood in January. An all time record for the month. This is an increase of NOK 2.4 billion, or 23 per cent, compared to January last year. “Price growth is the most important reason why January was another record month for seafood exports. The export prices for salmon, cod, trout, pollock and herring were significantly higher than in January 2022”, says Christian Chramer, CEO of Norway’s Seafood Council. “Despite troubled times and changing product flows, seafood exports have reached new heights. Inflation is still high in large parts of the world, and consumers in Europe have significant challenges with lower purchasing power and negative expectations for their economy going forward”, says Chramer. In January, there was a decrease in the export volume of fresh whole salmon to Europe, while China and the USA stand out with significant growth. “Only 66 per cent of ...

Source: Fish Focus