Highest value ever for Norwegian seafood exports in November

Published 2024년 12월 5일

Tridge summary

Norwegian seafood exports have reached record highs, with November seeing a value of NOK 17.3 billion, driven by increased prices and volumes, particularly for salmon, mackerel, cod, haddock, and herring. Despite challenges like quota cuts and rising costs, the EU remains the largest market, with notable growth in exports to China and the USA. Salmon exports to Germany and prawn exports to China have surged, while king crab exports face declines due to quota cuts. Italy and Croatia have seen significant growth in stockfish exports, and herring exports to Egypt have set new records. Overall, Norway is on track to surpass last year's export record of NOK 172 billion.

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

Original content

Highest value ever for Norwegian seafood exports in November, due to price growth and increased volumes. Norway exported seafood worth NOK 17.3 billion in November. This is an increase of NOK 1 billion, or 6 per cent, compared with the same month last year. “We’ve seen several months in a row of solid growth in seafood exports, and this trend continued in November. Thanks to price growth for salmon, mackerel, cod, haddock and herring, this was the best November ever in terms of value,” says Christian Chramer, CEO of the Norwegian Seafood Council. No currency effect in total In contrast to previous years, seafood exports have not been helped by a weak Norwegian krone. “Compared to the same month last year, the Norwegian krone is slightly stronger against the euro, but weaker against the US dollar. In total, there is no currency effect, so the value growth is mainly driven by higher prices and increased volumes for some of our most important species,” explains Chramer. Increased ...

Source: Fish Focus