All-time high for Norwegian seafood exports in October

Published Nov 6, 2024

Tridge summary

Norway's seafood exports hit an all-time high in October, with a value of NOK 18.5 billion, a 5% increase from the same month last year. This was largely due to strong mackerel exports, with a record export value of NOK 2.5 billion. The USA, Lithuania, and Italy experienced the greatest value growth in seafood imports. While mackerel, salmon, and trout saw growth in both volume and value, there was a decline in volume and value for king crab and stockfish. The outlook for herring, cod, and prawns is positive, with a solid fishery and increased demand. However, lower quotas for mackerel and increased supply of Russian king crab in Asia have impacted export volumes and values.

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

Original content

All-time high for Norwegian seafood exports in October. Norway exported seafood worth NOK 18.5 billion in October. This is an increase of NOK 914 million, or 5 per cent, compared with the same month last year. “Never before has a higher value of seafood been exported in a single month. This is primarily due to exceptionally strong mackerel exports that we have never seen before. This alone accounted for almost all the growth in value in October,” says Christian Chramer, CEO of the Norwegian Seafood Council. Large export volumes and high export prices Norway exported mackerel worth NOK 2.5 billion in October. This is an increase of NOK 750 million compared with the same month last year, which was also the previous export record for mackerel. “This year, a record high proportion of mackerel from Norway was exported in October. High demand in Asia has led to increased competition and higher prices, which confirms the strong position of Norwegian mackerel. At the same time, we are ...

Source: Fish Focus