Global trading platform Tridge
Maximize your business opportunity with our Intelligence & Data Solution. Get started now.

News & Insights

Local News

Norway increased the value and reduced the volume of seafood exports in February

Updated Mar 6, 2023
“Despite the military conflict in Ukraine and unrest in several parts of the world, Norwegian seafood exports in terms of value started well at the beginning of the year thanks to strong price increases and a weak Norwegian krone. However, exports have been falling for six consecutive months and we should be back to 2006, February, when Norwegian seafood exports were lower,” says Christian Kramer, CEO of the Norwegian Seafood Council.
In total, Norway exported 207,000 tons of seafood last month. This is 17 percent less than in February last year. “For some wild fish, such as cod, lower quotas and bad weather resulted in catch volumes significantly lower than the same period last year. This has reduced the supply of raw materials for the fishing industry and we have to go back to 2013 to find February with less fresh cod exports,” Kramer says. February also saw a decline in salmon exports. “This is primarily due to the smaller amount of catch,” emphasizes Christian Kramer. According to the Norwegian Seafood Board, the decrease in volumes negatively affected the total value of exports in February by about NOK 600 million. “The value of exports, however, increases in February, this is due, among other things, to a sharp increase in prices. We are living in turbulent times with the conflict in Ukraine, global raw material shortages and slightly higher costs continuing to push prices higher,” Cramer says. Over the ...
Everything you love about a trade show, made 24/7
Sponsored by
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.