Norwegian seafood first quarter results

Published 2023년 4월 5일

Tridge summary

In the first quarter, Norway's seafood exports experienced a significant surge, reaching a value of NOK 41.4 billion, a 22% increase compared to the same period last year. This growth is primarily due to a weaker Norwegian krone and rising prices in the market, with salmon, cod, trout, pollock, and herring contributing to the increase. Despite the challenges of food inflation and economic instability, the USA emerged as the quarter's most significant growth market for Norwegian seafood, seeing a 40% increase in export value. However, the volume of cod and salmon exports has seen a decline, which has helped to drive up prices. The quarter also marked record export values for fresh cod, skrei, and herring, despite challenges such as lower quotas and increased competition for raw materials.

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

Original content

Norwegian Seafood First Quarter Results Norway exported NOK 41.4 billion worth of seafood in the first quarter. Norway exported NOK 41.4 billion worth of seafood in the first quarter. This is an increase of NOK 7.4 billion, or 22 per cent, compared to the same period last year. “Norwegian seafood exports have come through a historically strong quarter in terms of value. A significantly weaker Norwegian krone and price growth in the markets for species such as salmon, cod, trout, pollock and herring is the main explanation for the growth. This led, among other things, to the export value in March being the highest ever in a single month”, says Christian Chramer, Managing Director of the Norwegian Seafood Council. “I am satisfied that seafood from Norway continues to be popular around the world. Norwegian seafood is sustainable and a good food choice for people of all ages and countries”, says Bjørnar Skjæran (Ap), Minster for Fisheries and Oceans. “Many value records have been set ...

Source: Fish Focus