Seafood exports from Norway in April 2023

Updated May 22, 2023
“For Norway, as a seafood country, it is positive that the value of export products continues to rise, but the increase in April is due solely to the currency effect. In euros, the value of exports fell by more than 5%, and in dollars by 3.7%. A weak Norwegian krone is pushing prices up,” says Christian Kramer, CEO of the Norwegian Seafood Council. In April, 160,000 tons of seafood were exported from Norway.
This is the lowest export volume in April since 2007, when exports amounted to 125,000 tons. “The downward trend with falling volumes continued in April. Among other things, this concerned trout, grayling and several species of white fish, while salmon volumes did not change compared to the same month last year,” explains Christian Kramer. Denmark, the US and China were the three markets with the largest gains in value in April. “What they have in common is that salmon adds value. While Denmark is a major downstream and transit market, it is consumption that is driving growth in the US and China. As far as the US is concerned, we see Norwegian salmon getting a good boost from reduced supplies from other producing countries. In China, consumption is rising sharply after the lifting of restrictions in the country, which benefits the Norwegian salmon,” says Kramer. Aquaculture accounts for 78 percent of export value. In April, exports from the aquaculture sector, such as salmon and ...
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