Norway's seafood export market in May 2023

Published 2023년 6월 14일

Tridge summary

In May 2023, Norway's seafood exports experienced a decline, with a 8% decrease in euro terms and a 5% decrease in USD terms compared to May 2022. Despite this, the first five months of 2023 saw an overall increase in export values, reaching NOK 67.5 billion, an increase of NOK 9.9 billion over the same period in 2022. The decrease in May was due to a drop in export volumes of cod, herring, spotted trout, pink salmon, pollock, and snow crab, while mackerel and haddock exports increased. Europe continues to be the largest market for Norwegian seafood, but Asia and North America are growing in share. The reopening of China has led to a significant increase in demand for Norwegian salmon. However, domestic consumption in Europe has decreased, while exports to Poland saw the largest increase in value.

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

Original content

In euro terms, Norway's seafood export value in May 2023 has decreased by 8% and in USD terms, it has decreased by 5% compared to May 2022. Since the beginning of 2023, seafood exports have been worth NOK 67.5 billion, an increase of NOK 9.9 billion over the same period in 2022. May was the lowest export month of the year in euro terms. In Norwegian kroner terms, May was the second strongest export month of the year. However, if measured in euro, which is the most traded currency, the results are completely different, May being the lowest export month of the year. In May 2023, export volumes of cod, herring, spotted trout, pink salmon, pollock and snow crab decreased, while exports of mackerel and haddock increased. Asia and North America account for an increasing share of exports In terms of export markets, Europe remains the largest market for Norwegian seafood. In May, the export market share to Europe was 68%, followed by Asia at 21% and North America at 9%. Although overall ...

Source: Vinanet