Norway: Growth in aquaculture cod production, forecast to 2026

The analysis shows that cod aquaculture was previously unprofitable due to high production costs and low fish prices. However, with rising cod prices and declining catches, the situation is changing. According to experts, up to 80% of global aquaculture cod production will be concentrated in Norway, where about 10 thousand tons of fresh fish were exported in 2023. In 2024, supplies are expected to grow by 40%, which will amount to about a third of all fresh cod exports from Norway. The situation on the global cod market is complicated by declining stocks of this ...