Significant fall in value for Norwegian seafood exports in January

Published 2021년 2월 3일

Tridge summary

In January, Norway's seafood exports experienced a 16% decrease compared to the same period last year, totaling NOK 8.1 billion, primarily due to a significant drop in salmon exports. Despite an increase in volume, the value fell by 23%, with the average price per kilogram also decreasing. Other fish such as trout, fresh cod, and herring also saw declines in both volume and value. On the other hand, clipfish and frozen cod exports experienced growth. Mackerel exports reached a new January record, while herring exports saw a decrease due to a larger portion of small herring in the catch. Prawn exports also declined, but king crab exports to Vietnam surged with a 27% increase in volume and value, marking Vietnam's best month for king crab imports. The decline in exports is largely attributed to strict coronary restrictions in key markets and the closure of restaurants, although seafood counters in grocery chains remained open in some markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Norway´s seafood exports totalled NOK 8.1 billion in January. This is a decrease of NOK 1.6 billion, or 16 per cent, compared with January 2020. "The decline in January is primarily due to a significant fall in the export value of salmon. We also see a decline in exports of trout and fresh cod compared to the record-month of January 2020", says Tom-Jørgen Gangsø, Director of Market Insight and Market Access with the Norwegian Seafood Council. He points to two factors that were particularly challenging for Norwegian seafood exports in January: Strict coronary restrictions in many important markets Closed or partially closed restaurants "In sum, this means lower demand for a number of the most important seafood products from Norway. A small bright spot compared to the previous closure is that in many markets it seems that seafood counters in grocery chains are being kept open", says Tom-Jørgen Gangsø. A billion drop for salmon 95,600 tonnes of salmon worth NOK 5.2 billion were ...
Source: Seafood

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