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2022 Q2 Seafood Report

Seafood
Norway
Price
Demand
Supply
Tridge Market Intelligence Team
Updated Jul 8, 2022
During the first 23 weeks of the year, Norwegian salmon export prices averaged a record high average price of NOK 87/kg, up by 48% YoY. Thus, Norwegian salmon exports reached a record value of 32.5 billion NOK during the same period. Total exported volume declined by 7% YoY, at 378 thousand mt. Salmon prices have sharply risen on the back of strong demand, higher feed and processing costs and a tighter supply, which is evident in the lower exported volume. The export price of Norwegian salmon peaked at NOK 108/kg (USD 10.8/kg) during the first weeks of May, but has declined in recent weeks as generalized inflation and lower consumer income in real terms might be putting some brakes on demand growth.

Preview Content

Table of Content

Part I - Quarterly Issues

-Russia-Ukraine Conflict

-Price Trends

-Supply Chain Disruptions

-COVID-19


Part II - Quarterly Summary

-Salmon

-Tuna

-Shrimp

-Cod

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