Fresh cod exports from Norway continue to fall

Published 2024년 5월 13일

Tridge summary

In April, the market trends for fresh cod in Norway saw a notable shift, with a 35% decrease in wild cod exports contributing to a 16% increase in farmed cod sales, valued at NOK 76 million. Quality-labeled skrei, a high-end cod product, also saw a 6% increase in export volume to NOK 39 million, despite a overall quota reduction. The largest markets for skrei were Denmark, Spain, and Sweden, with Spain showing the highest growth rate. This shift has helped maintain Norway's leading position in the fresh fish market, despite the quotas' challenges.

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

Original content

In April, the largest markets for fresh cod were Denmark, the Netherlands and Spain. While the volume of fresh wild cod continues to decline due to lower quotas and landing volumes, the volume of fresh farmed cod continues to increase in April. Export volumes of fresh wild cod fell by 35% to 3,800 tonnes, while export values fell by 26% to NOK 241 million. Sales of farmed cod increased by 16% to 1,200 tonnes and its value by 52% to NOK 76 million. In April, 24% of fresh cod exports by value were farmed cod. In April, Norway exported 631 tons of quality-labeled skrei worth NOK 39 million. Skrei is a type of cod. Every year, Atlantic cod “skrei” migrate in huge flocks to spawn from the Barents Sea south to the shores of the Lofoten Islands. Translated from Old Norse, "skrei" means "to migrate." Among all the varieties of cod, Norwegian skrei is considered to have the greatest nutritional value and is a delicacy of the highest quality. “Quality-labeled products are products that have ...

Source: Fishretail