Sales of Norwegian fresh cod fell in January

Published Feb 8, 2024

Tridge summary

Norway's fresh cod exports saw a 3% decrease in value and a 7% drop in volume in January compared to the same period last year, due to lower quotas resulting in a 17% supply drop. However, fresh farmed cod exports rose by 62% to 1,051 tonnes, making up 26% of the total fresh cod export value. Spain experienced the most significant value growth, with a 133% increase in export value. Additionally, exports of skrei, a type of cod, rose by 34% in value compared to last January, with Spain also leading in this increase.

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

Original content

Export value fell by NOK 8 million, or 3 percent, compared to January last year. Volume down 7 percent Denmark, Spain and the Netherlands were the largest markets for fresh cod in January. Due to lower quotas, supplies of fresh cod also fell by about 17% in January. “This has led to a decline in fresh wild-caught cod exports, which fell 21% in January to a total of 2,455 tonnes. The export value was NOK 170 million,” says seafood analyst Eivind Hestvik Brekkan from the Norwegian Seafood Council. 26% comes from aquaculture Exports of fresh farmed cod increased by 62% to 1,051 tonnes to NOK 59 million. At least 26% of fresh cod export value in January was farmed cod. “While transit country Denmark is the largest destination for wild-caught cod, accounting for more than 80% of export volumes, Spain is the largest destination for farmed cod. 40% of the volume comes from this market,” says Eivind Hestvik Brekkan. Spain is also the country with the most significant value growth this ...

Source: Fishretail