The United States has overtaken Europe as the largest market for Norwegian seafood

Published Feb 15, 2023

Tridge summary

Europe has fallen to the second place as Norway's largest seafood export market, with the US now leading due to a 59% increase in salmon purchases in January. The US market imported NOK 1.15 billion ($111.2 million) worth of Norwegian seafood in January, marking a 41% year-on-year increase and the fastest growing market. Despite a 4% increase in imports, the value of other fish sold to the US market has declined, but Norwegian salmon exports to the US have increased significantly. The US is now the largest market for Norwegian salmon, with high prices in overseas markets and the US dollar strengthening against the euro contributing to the trend.

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

Original content

As a result, Europe has lost its role as the Scandinavian nation's largest seafood export market, to be replaced by the United States, which recorded a 59 percent increase in salmon purchases from Norway in January. According to the latest figures from the Norwegian Seafood Council (NSC), the US market imported NOK 1.15 billion ($111.2 million, €103.6 million) worth of Norwegian seafood in January, representing a year-on-year increase of 41%. In value terms, it was also the fastest growing market, with NOK 338 million ($32.7 million, €30.4 million) more purchased in January 2023 than in the previous year, despite an increase in imports of 4 % by volume. While the value of other fish sold to the US market, such as cod and haddock, has declined, exports of Norwegian salmon to the US have increased significantly, with sales of NOK 344 million (NOK 33.2 million), €31 million, with the result that the US is now the largest market for Norwegian salmon. NSC communications director Martin ...

Source: Fishretail