Norway: Value growth for salmon and trout contributed to solid seafood exports in May

Published 2024년 6월 5일

Tridge summary

In May, Norway's seafood exports reached NOK 14 billion, an 8% increase from the previous year, driven by higher volumes and prices for salmon and trout. Salmon exports, particularly to Spain, saw significant growth, while trout exports hit a historic high. Cod exports experienced mixed results, with fresh cod declining but farmed and frozen cod seeing increases. Clipfish and stockfish exports also grew, especially to China and Portugal. Despite declines in herring, mackerel, and king crab exports, Norway became the sole supplier of live red king crab, leading to record prices. Prawn exports reached record highs, with significant growth in frozen, cooked shell prawns and fresh shell prawns.

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Original content

Norway exported seafood worth NOK 14 billion in May. This is an increase of NOK 1 billion, or 8 per cent, compared with the same month last year."The growth in value in May is largely due to increased export volumes of both salmon and trout, as well as price growth for salmon," says Christian Chramer, CEO of the Norwegian Seafood Council.Best May ever for seafood exportsIn the first four months of the year, the Norwegian krone was weaker than in the corresponding months last year, which boosted export prices measured in Norwegian kroner. This has now changed.“In May, the Norwegian krone strengthened, so there was no positive currency effect last month. Despite this, the value of Norwegian seafood exports has never been higher in a month of May before. Although these are challenging economic times for many consumers, Norwegian seafood is still a highly sought-after food product," says Chramer.Three EU countries had the highest growthIn May, Norway's largest and most important ...

Source: Seafood