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Norwegian seafood export value in July totalled NOK 13 billion

Published Aug 9, 2024

Tridge summary

In July, Norway saw a diversification in its seafood export markets, with Poland, Denmark, and the Netherlands being the largest, as the country exported to 111 countries, one more than the previous year. Despite a decline in salmon prices, a weakening Norwegian krone against the euro and dollar drove an increase in export value. Record exports were also seen in herring and mackerel. The UK market experienced an 8% value and 12% volume growth, driven by salmon, trout, fishmeal, and fish oil. However, the decline in fresh cod exports, due to lower quotas, was offset by stable farmed cod exports. China, Portugal, and Congo-Brazzaville saw the highest value growth in various clipped fish products. Portugal reported record prices for herring and the best month for mackerel. While exports of live king crab to the USA increased, exports to Canada fell due to competition from Russia, which started fishing for red king crab in the Barents Sea earlier than usual. Finally, prawn exports experienced the strongest July on record, with over 2,600 tonnes exported, mainly to Canada and Iceland.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The largest markets for Norwegian seafood exports in July were Poland, Denmark and the Netherlands Seafood from Norway was exported to a total of 111 countries in July. This is 1 more than in July last year. "The reason behind the increase in export value for July is a weakened Norwegian krone against both the euro and the dollar. We see that a sharp decline in salmon prices was compensated by volume growth, and in the end, it is the currency effect that adds value", says Christian Chramer, CEO of the Norwegian Seafood Council. "In a quieter period with relatively low volumes for the remaining major species exported, July broke records for herring and mackerel", concludes Chramer. "So far this year, total exports to the UK have grown by 8 per cent in value terms in Norwegian kroner and by 12 per cent in volume terms. Apart from a positive trend for salmon and trout, the other growth is mainly due to exports of fishmeal and fish oil. Frozen whole cod has an overall volume growth of ...
Source: EuroMeat
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