Best August ever for Norwegian seafood exports

Published 2024년 9월 13일

Tridge summary

In August 2024, Norway's seafood exports reached record values driven by higher volumes of salmon, trout, and mackerel, and a weaker Norwegian krone. However, market trends remain uncertain due to mismatched import prices and volume growth in key markets. While Germany and Lithuania saw significant export value increases, fresh wild cod exports declined, but fresh farmed and frozen cod exports to China rose due to the US ban on Russian cod. The article also highlights declines in cod and saithe clipfish exports, adaptation to smaller clipfish sizes in Portugal, and strong value growth for cod stockfish in Italy. Additionally, there was a rise in prepared herring exports, mackerel exports to Asia, and prawn exports driven by challenges in Canada's fishery.

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

Original content

"August 2024 has the highest export value ever measured in an August month", says Christian Chramer, CEO of the Norwegian Seafood Council. Half of the total growth in value can be attributed to the currency effect. "Compared with last year, higher salmon volumes and a weaker Norwegian krone drove up the value of Norwegian seafood in August. We also see that higher volumes of trout and mackerel are contributing positively, in addition to an increase in prawn exports. At the same time, the price of salmon measured in foreign currency has fallen, while we had lower volumes of both saithe and cod", says Chramer. "At the same time as the low exchange rate results in good export figures measured in Norwegian kroner, many seafood companies have to deal with the general increase in costs in society. Expenses are not necessarily in line with revenues", says Chramer. These are the biggest markets in August Seafood was exported to a total of 109 countries in August. This is 5 fewer than in ...

Source: EuroMeat