Seafood exports from Norway show historic growth in October

Published 2022년 11월 7일

Tridge summary

In October, Norway's seafood exports reached a historic high of NOK 15 billion, surpassing the previous record set in September 2022. This growth has resulted in a significant increase in the year-to-date export value to NOK 123.9 billion, a rise of NOK 27.1 billion from the same period last year. With a strong finish to the year, Norway's seafood exports are on track to exceed NOK 150 billion in 2022, nearly tripling the value from ten years ago. The October exports were led by salmon, cod, trout, pollock, haddock, and shrimp, but the industry faces challenges such as high food inflation, declining consumer demand, and shifts in seafood consumption in major markets like the US, Poland, and Denmark.

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

Original content

The export value in October was NOK 727 million higher than the previous record month, which was September 2022. “Seafood exports from Norway showed a historic increase in October. The cost of NOK 15 billion is more than a solid record. This means that every day this month we exported just under NOK 500 million worth of seafood. These are huge numbers that show how important this industry is to Norway,” says Christian Kramer, CEO of the Norwegian Seafood Council. Norway has exported seafood worth NOK 123.9 billion this year. This is NOK 27.1 billion more than in the same period last year. Exports have already exceeded the value for the whole of 2021 “On October 25, we broke the value of exports for a record-breaking 2021. Then the cost for the whole year was NOK 120.8 billion. With good development in the last two months of the year, the value of Norwegian seafood exports will exceed 150 billion in 2022. Exports will nearly triple in ten years,” Kramer says. So far this year has ...

Source: Fishretail