Norwegian seafood exports in November totalled NOK 14.4 billion

Published Dec 5, 2022

Tridge summary

Norway exported NOK 14.4 billion worth of seafood in November, representing an increase of NOK 2.3 billion, or 19 per cent, compared to the same month last year.So far this year, Norway has exported NOK 138 billion worth of seafood. NOK 29.2 billion ahead of the same period last year.Increased costs and high food inflation"The export value in November is the third highest ever in a single month and confirms that Norwegian seafood still has a strong global position.

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Nevertheless, the increase in demand is not taken out in greater volume but in higher prices. In general, we have high food inflation and increased costs, which drive up prices throughout the value chain", says Christian Chramer, CEO of the Norwegian Seafood Council. Higher prices accounted for almost NOK 3 billion of the total seafood exports of NOK 14.4 billion in November. A solid month for salmon, trout, pollock and cod, all of which achieved export records compared to November last year.Unrest in the salmon market"Although November in isolation was a strong export month for salmon, there are reports from the markets of an unsettled and unclear situation related to the contract market for salmon in 2023. This erodes the predictability that Norwegian salmon has represented for importers, producers and retail customers", says Chramer.Demanding timesIn November, many seafood species were exported in lower volumes than a year ago, depressing revenues by approximately NOK 900 ...
Source: Seafood
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