China's salmon demand on the rise, Norwegian Seafood Board says
Salmon
Seafood
China
Norway
Published Jun 7, 2023
Tridge summary
According to the latest data from the Norwegian Seafood Council, the global market for salmon and other seafood may be changing due to increased demand in Asia. Seafood Council CEO Christian Kramer said in his latest monthly report that while Europe clearly remains the largest single market for Norwegian seafood, there are signs of demand shifting to other parts of the world.
Original content
Europe accounts for 68% of all Norwegian seafood exports, Asia 21% and North America 9%. But Cramer added: “We are seeing a shift in total Norwegian seafood exports from Europe to overseas markets such as Asia and North America. In May, we have never had a lower share of the European value [compared to May on an annualized basis] than this year.” Analyst Paul T. Andal added: "May saw the largest increase in value in China, with a value increase of NOK 218m (£16m), or 83%, compared to the same period last year." The Seafood Council also reports that China's demand for salmon is rising at 3,297 tons, or 86% more than a year ago. But, as Andreas Thorud, director of the China Seafood Council, points out, May 2022 was affected by the full shutdown of Shanghai and a lot of market uncertainty due to uncertainty about Covid-19 in China at the time. “Since the beginning of the year, the reopening of the Chinese market has created a strong demand for salmon that has ...
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