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Price increases deliver export record for Norwegian seafood in April 2022

Seafood
Norway
Easter Holiday
Price Trend
COVID-19
Demand
May 4, 2022
From Seafood
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Norway exported seafood worth NOK 11.3 billion in April. This is an increase of NOK 2.8 billion, or 33 percent, compared with April last year.
Norway exported seafood worth NOK 11.3 billion in April. This is an increase of NOK 2.8 billion, or 33 per cent, compared with April last year.In the first four months of this year, Norway exported seafood worth NOK 45.4 billion. This is a growth in export value of 25 per cent, or NOK 9.1 billion, measured against the first four months of 2021.“Higher prices for our key species such as salmon, cod, trout and haddock are the biggest contributors to value growth this month”, says Børge Grønbech, Acting CEO of the Norwegian Seafood Council.“There are several reasons for the high prices”, Grønbech explains, and lists:• Global food prices are rising sharply, and this contributes to elevated prices for Norwegian seafood as well.• There is a lower supply of the most popular seafood species, both from Norway and other countries.• Reopening of hotels and restaurants increases demand from buyers willing to pay more.• During the pandemic, more people learned to cook more seafood at home. ...
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