Foodservice closures take their toll on Norwegian seafood exports

Published 2020년 12월 4일

Tridge summary

Norway's seafood exports, particularly salmon, have seen a double-digit decrease in November due to the COVID-19 pandemic, with the hotel and restaurant sector shutdown in Europe impacting demand. Despite a slight decrease in volume, the value of salmon exports fell by 15 percent in November, with Poland, France, and Denmark being the largest markets. The mackerel sector has been the bright spot, seeing a increase in volume and value due to increased consumer demand and a higher quota. The shellfish sector also experienced increased demand for king crab from the United States and Europe. For the 11-month period from January to November 2020, Norway's seafood exports generated revenue of NOK 96.6 billion, a 1 percent decrease from the previous year.

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

Original content

Norway’s seafood exports continue to be impacted by the COVID-19 pandemic, with a double-digit percentage decrease in sales value in November.Norway exported NOK 9.4 billion (USD 1.1 billion, EUR 878.1 million) worth of seafood products last month, representing a decrease of 11 percent or NOK 1.2 billion (USD 135.8 million, EUR 112.1 million) compared with November 2019, with the COVID-19 crisis continuing to affect trade, particularly for the salmon sector. For the 11-month period from January through November 2020, it has sold seafood valued at NOK 96.6 billion (USD 10.9 billion, EUR 9 billion) to overseas markets, which is a decrease of 1 percent or NOK 1 billion (USD 113.2 million, EUR 93.4 million).According to the Norwegian Seafood Council (NSC) Director of Market Insight Tom-Jørgen Gangsø, the Scandinavian country’s seafood exports are now seeing the impact of a hotel and restaurant sector that has more or less shut down across Europe. At the same time, the demand for ...

Source: Seafoodsource