Record breaking results for Norwegian seafood exports continues

Published Aug 3, 2022

Tridge summary

In July, Norway experienced a 23% increase in seafood exports compared to the same period last year, totaling NOK 11.6 billion. Despite a decrease in export volume for important species such as salmon, cod, mackerel, and herring, high salmon prices and record-breaking export values for trout, clipfish, and frozen cod contributed to the growth. However, challenges such as inflation, logistical issues, and increased prices for herring fillet products due to reduced stock levels highlight potential obstacles for the industry's future development. Additionally, the early start to the fishing season and increased exports to Egypt for herring and mackerel are notable developments. While prawn exports have tripled, there has been a significant decrease in king crab and snow crab exports.

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

Original content

Norway exported seafood with a value of NOK 11.6 billion July, representing an increase of NOK 2.1 billion, or 23 per cent, compared to July 2021. Year to date, Norway has exported NOK 81.7 billion by seafood value. This is an increase of NOK 18.5 billion, or 29 per cent, compared to last year.“After a record-breaking first half of the year, July follows on as the best July month ever for Norwegian seafood exports. Since records began, July was also the strongest single month for salmon and trout. Despite the strong growth in the value of seafood exports so far this year, challenging times can still impact development going forward”, says Børge Grønbech, Acting CEO of the Norwegian Seafood Council.“While the export volume for important species such as salmon, cod, mackerel, and herring fell in July, high salmon prices made the largest contribution to July´s strong seafood export results. At the same time, the export price for several other species and products also reached record ...

Source: Seafood