Tridge summary
In October, Norway's seafood exports, despite a slight 5% decrease in value amounting to NOK 10.4 billion, remained at a high level, marking the third highest value for a single month. The exports to Poland, Denmark, and France were significant, with salmon being the highest value export. Despite the corona crisis, the demand for seafood remains strong, with increases in export value seen in industrial products, king crab, salted fish, and frozen cod. However, there is a decline in the export value of clipfish, stockfish, and herring, which is attributed to lower demand and prices. The herring roe market, on the other hand, shows impressive growth. The mackerel season's late start has affected export volumes, but there is robust demand in Asian markets. King crab exports have seen a notable increase in value and volume, driven by demand in large consumer markets and a lower supply from Russia and Alaska.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Despite a very challenging month of flare-ups of the corona pandemic in many markets, seafood exports remain at a high level. In October, seafood was exported with a value of NOK 10.4 billion. This is a decrease in value of 5 per cent, or NOK 573 million, compared with October last year. Nevertheless, this is the third highest export value for a single month. So far this year, the value of seafood exports has reached NOK 87.2 billion. This is at the same level as the record set last year. Historically, seafood exports have only been higher in two single months previously, and that was in October and November of 2019.“The corona crisis is still affecting both Norway and the rest of the world. Nevertheless, we see that seafood exports almost equal the value from October last year, which was the highest export month ever. For industrial products such as fishmeal, fish oil and fish feed, there is growth in export value. In addition, the export value of king crab, salted fish and ...
Source: Seafood
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