Sanctions against imports from Russia have made Norwegian cod more attractive

Frozen Cod

Fresh Cod

Seafood

Norway

Published Jan 11, 2023

Tridge summary

Norway exported 54,321 tons of fresh cod in 2022, worth NOK 2.7 billion, according to the Norwegian Seafood Board. The value of exports increased by NOK 342 million, or 14 percent, compared to 2021. Export volume fell by 14 percent. Denmark, the Netherlands and Spain were the biggest markets for fresh cod in 2022.

Original content

The value of exports increased by NOK 342 million, or 14 percent, compared to 2021. Export volume fell by 14 percent Denmark, the Netherlands and Spain were the biggest markets for fresh cod in 2022. Last year, a record high export value for fresh cod was set, about NOK 342 million higher than the previous record year, which was 2021. The Danish transit market posted the strongest growth in value last year, with the value of exports up NOK 193 million, or 13 percent, compared to the previous year. Exports to Denmark amounted to 32,213 tons, down 12 percent from the previous year. Increasing cod production While exports of fresh wild-caught cod have declined, farmed cod has increased from 1,300 to 3,800 tons. “In terms of export value, farmed cod accounted for 7% of exports last year. However, the biggest factor driving the export of fresh cod is rising prices due to increased demand in Europe due to the reopening and increased consumption of restaurants after the coronavirus ...

Source: Fishretail