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Significant fall in value for Norwegian seafood exports in January

Frozen Common Shrimp & Prawn
Salmon
Published Feb 4, 2021

Tridge summary

Norway´s seafood exports totalled NOK 8.1 billion in January. This is a decrease of NOK 1.6 billion, or 16 per cent, compared with January 2020. "The decline in January is primarily due to a significant fall in the export value of salmon. We also see a decline in exports of trout and fresh cod compared to the record-month of January 2020", says Tom-Jørgen Gangsø, Director of Market Insight and Market Access with the Norwegian Seafood Council.

Original content

He points to two factors that were particularly challenging for Norwegian seafood exports in January: Strict coronary restrictions in many important markets Closed or partially closed restaurants "In sum, this means lower demand for a number of the most important seafood products from Norway. A small bright spot compared to the previous closure is that in many markets it seems that seafood counters in grocery chains are being kept open", says Tom-Jørgen Gangsø. A billion drop for salmon 95,600 tonnes of salmon worth NOK 5.2 billion were exported in January. There was an increase in export volume of 11 per cent. The export value fell by NOK 1.5 billion, or 23 per cent, compared with January last year. Poland, France and the USA were the largest recipients of salmon from Norway in January. The average price for fresh whole salmon in January was NOK 48.79 per kg against NOK 75.53 per kg in January last year. The EU increased its share of salmon exports from 64 per cent last year ...
Source: Seafood
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