Seafood exports from Norway in Q3 of 2024

Published 2024년 10월 28일

Tridge summary

Despite quota cuts, Norway's seafood exports, including salmon, trout, mackerel, and shrimp, have seen a 1% increase in value reaching NOK 124.7 billion, with the third quarter being the best on record for trout and shrimp exports. The country exported 372,442 tonnes of salmon, worth NOK 31.8 billion, to Poland, Denmark, and the USA, with Germany showing the highest increase in value. Trout exports exceeded NOK 2 billion for the first time, and while September saw a 9% increase in sales volume, trout exports to the UK and the Netherlands experienced a decline. Overall, the value of salmon exports increased by 3%, and while some supply may be for further processing and export, increased domestic consumption in Germany plays a significant role in the growth.

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

Original content

“Thanks to the historically high export figure in September, we have put the best third quarter ever behind us. This time around, there is virtually no currency effect from the weak Norwegian krone when compared to the same period last year. Large volumes of salmon, trout, mackerel and shrimp add to the value of exports,” says Christian Kramer, CEO of the Norwegian Seafood Council. Aquaculture offsets quota cuts Norway has exported NOK 124.7 billion worth of seafood this year. That is NOK 626 million, or 1 percent, more than in the same period last year. “2024 will see reduced quotas for herring, king crab, mackerel and cod. This is an important and necessary measure to ensure continued sustainable fish stocks, but it has naturally led to lower export volumes. The fact that the total value of seafood exports still rose in the third quarter is due to the fact that fish from aquaculture compensated for the fall in quotas,” explains Kramer. A difficult year “Salmon is still a product ...

Source: Fishretail