Norwegian farmed cod exports are on the rise, with China becoming its largest market for frozen products.

According to data from the Norwegian Seafood Council, in August, Norway exported a total of 1,842 tons of fresh cod, with a total value of 13.4 million USD. Among these, the export volume of wild fresh cod decreased by 34%, while the export volume of farmed fresh cod increased by 6%, accounting for 44% of the total market value of fresh cod. Farmed cod is becoming increasingly important in consumer markets such as Spain and France, with exports in August accounting for over 90% of the local fresh cod supply. This trend is directly related to the reduction of the Barents Sea cod quota to 375,000 tons by 2025 (a decrease of nearly 20% year-on-year). The frozen cod market presents a different pattern. China has become the largest market for the first time, with imports amounting to 7.2 million USD, a year-on-year increase of 22%, despite the export volume remaining basically stable. Exports of frozen by-products to China have also increased significantly. At the same time, European ...