Explosive growth in value of Norwegian seafood exports in July

Published 2021년 8월 4일

Tridge summary

In July, Norwegian seafood exports experienced a 21% increase compared to the same period last year, reaching a value of NOK 9.5 billion, with July being the best month on record for Norwegian seafood exports. This growth is attributed to several factors, including the relaxation of pandemic restrictions and the sustainability of the industry. Specifically, there was significant growth in salmon exports, with a 10% increase in volume and a 24% increase in value, making it the strongest July on record for salmon exports. Additionally, there was a notable increase in the exports of snow crab and king crab, with snow crab experiencing an 111% increase in value and becoming the strongest export month on record. Other seafood products like trout, fresh cod, clip fish, salt fish, stockfish, herring, and mackerel also saw growth in exports. The growth in the shellfish category in July was the highest on record, with values nearing NOK 406 million, driven by increased demand for Norwegian shellfish in Europe, Asia, and North America.

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

Original content

The value of Norwegian seafood exports amounted to NOK 9.5 billion in July. This is an increase of NOK 1.6 billion, or 21 per cent, compared to July 2020."Measured by value, this July is the best ever for Norwegian seafood exports. Salmon continues its growth trajectory from June, while we have also experienced a sharp increase in exports of snow crab and king crab," says Tom-Jørgen Gangsø, Director of Market Insight and Market Access with the Norwegian Seafood Council. So far this year, seafood exports totalled NOK 63.3 billion, which is a whopping 9 per cent over the same period last year. "There are fewer restrictions related to the pandemic in a number of markets this summer when compared to last year. This has a positive effect on the demand for healthy, sustainable and tasty seafood from Norway," says Tom-Jørgen Gangsø.Growth in salmon exports 103,100 tonnes of salmon were exported worth NOK 6.9 billion in July. Export volume increased by 10 per cent. Export value increased ...

Source: Seafood