Norwegian seafood export value in July totalled NOK 13 billion

Published Aug 5, 2024

Tridge summary

In July, Norwegian seafood exports experienced notable changes, with a 6% increase in value driven by a weakened krone. Key markets included Poland, Denmark, and the Netherlands, with the UK showing the highest growth, particularly in salmon, trout, fishmeal, and fish oil. Salmon and trout exports rose significantly in both value and volume, despite a price decline for salmon. Fresh cod exports fell, while farmed cod grew. Stockfish exports to Nigeria surged, while Italy saw a decline. Herring and mackerel exports increased in value, with mackerel setting a new record. King crab and snow crab exports dropped, but prawn exports hit a record high, driven by strong demand in Canada and Iceland.

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

Original content

This is an increase of NOK 727 million, or 6 per cent, from the same month last year. 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. The UK saw the greatest growth in value, with an increase in export value of NOK 381 million, or 64 per cent, compared with the same month last year. The export volume to the UK ended at 19,092 tonnes, which is 117 per ...

Source: Seafood