Growth in Norwegian seafood exports continue despite challenging market conditions

Published May 5, 2021

Tridge summary

In April, Norway's seafood exports experienced a 4% increase compared to the same period last year, reaching a value of NOK 8.6 billion, the second highest April ever. This growth is despite the ongoing impact of the corona pandemic and a stronger Norwegian krone. The export value of salmon, trout, fresh cod, and stockfish saw positive growth, while clipfish, salted fish, herring, and mackerel experienced declines. Capelin fishing resumed, and there was a significant increase in king crab and prawn exports. Snow crab exports also surged, marking its best export month ever. However, the industry still faces challenges such as weak demand and low prices for salted fish and clipfish of cod.

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

Original content

Norway exported seafood worth NOK 8.6 billion in April. This is an increase of NOK 338 million, or 4 per cent, compared with April last year. Thus, the positive development from last month continues. "Even though the seafood markets are still strongly affected by the corona pandemic and a strengthened Norwegian krone, the value of seafood exports in April is the second highest April ever. This is partly because record-high volumes are being exported at increased prices for salmon and snow crab, among other things. The demand for salmon in France and Italy is again growing. At the same time, the Americans have opened their eyes to the snow crab", says Renate Larsen, the Norwegian Seafood Council CEO. Continued challenges The value of seafood exports in March and April has never been higher in these two months. Nevertheless, Renate Larsen emphasizes that there are still challenging times for parts of the industry. "The development for salted fish and clipfish of cod is still weak. ...

Source: Seafood