Global sales of Norwegian shrimp increased in the 2nd quarter of this year

Published 2024년 4월 22일

Tridge summary

In the first quarter, Norway experienced a 5% increase in shrimp export value and a 6% rise in sales compared to the same period last year, with Sweden, Denmark, and the UK being the primary markets. Despite this overall growth, there was a decrease in the export value of frozen peeled shrimp in packages over 2 kg, largely due to reduced demand from the UK and major catering companies in Sweden. However, exports of smaller packages to Swedish retailers saw a 7% increase. Denmark showed the most significant growth, with a 139% increase in export value and a 104% increase in volume for frozen cooked shelled shrimp, becoming the largest market for this product category. Nonetheless, March saw a decline in shrimp exports by 5% in value and 19% in sales year-over-year.

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

Original content

Compared to the first quarter of last year, the value of exports increased by NOK 15 million, or 5%. Sales increased by 6%. Sweden, Denmark and the UK were the largest shrimp markets in the first quarter. In the first quarter, frozen peeled shrimp was the largest item in terms of value. The export value of frozen peeled shrimp in packages weighing more than 2 kg, which are mainly supplied to the UK and large catering enterprises in Sweden, has decreased by 27%. Sweden is the largest market “However, exports of frozen peeled shrimp in packages weighing less than 2 kg increased by 7%, and they mainly went to Swedish retailers,” says Martha Sophie Danielsen from the Norwegian Seafood Council. In the first quarter, the largest market for Norwegian shrimp was Sweden, with exports of NOK 77 million. This is a reduction of 7%, which is due to a general decrease in volumes, as well as a decrease in prices for frozen peeled shrimp. The production and export of frozen cooked shell shrimp ...

Source: Fishretail