Norway’s seafood export value rises in July 2024, thanks to strong salmon volume

Published 2024년 8월 6일

Tridge summary

In July 2024, Norway experienced a reversal of the historical decline in its seafood export value, with a 6% increase year over year, reaching NOK 13 billion (USD 1.12 billion, EUR 1.07 billion). This growth is primarily attributed to a strong salmon export volume and a weaker krone against the U.S. dollar and euro. Salmon exports saw a 13% increase, and while prices dropped, the value to major markets like Germany grew due to increased volumes. Additionally, trout exports and herring and mackerel prices hit records, contributing to the overall growth. However, cod exports experienced a decrease due to lower quotas and landings, continuing a multi-year trend.

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

Original content

Norway’s seafood export value increased year over year, marking a reverse of the historic drop in value the country experienced in June. The latest trade data shared by the Norwegian Seafood Council (NSC) indicates the country exported seafood worth NOK 13 billion (USD 1.12 billion, EUR 1.07 billion) in July 2024, an increase of NOK 727 million (USD 66 million, EUR 60 million), or 6 percent, compared to the same month last year. That number is also an increase month over month, as the country’s export value reached NOK 12.1 billion (USD 1.09 billion, EUR 1 billion) in June 2024. That gains came in large part thanks to strong salmon export volume growth and a weaker krone compared to the U.S. dollar and euro, according to Norwegian Seafood Council CEO Christian Chramer. According to the NSC, the price of salmon continued to drop in July, but the species saw “significant volume growth.”Norway exported 107,442 metric tons (MT) of salmon in July 2024, an increase of 13 percent ...

Source: Seafoodsource