Price growth and increased volumes resulted in the highest value ever for Norwegian seafood exports in November

In November, Norway saw a significant increase in seafood exports, with a value of NOK 17.3 billion, a rise of 6% compared to the same month the previous year. This marks the best November on record in terms of value. The growth is primarily due to higher prices and increased volumes for key species such as salmon, mackerel, cod, haddock, and herring. However, industry challenges such as new quota cuts, increased costs, and tougher global competition persist. The EU, USA, and China were the largest markets for Norwegian seafood, with Poland, France, and the Netherlands being the largest markets for salmon. The export value of herring and mackerel reached record highs, while there was a decline in exports of fresh and frozen cod. Mackerel exports also hit a new record of NOK 7.7 billion for the first 11 months of the year. Despite these challenges, prawn exports to China have seen the biggest growth, with a value of NOK 12 million from nothing last year. Overall, the year has seen a new export record of NOK 160.4 billion, with a strong autumn for herring and mackerel, and value growth for clipfish, salted fish, and stockfish.