The volume of wild cod exports from Norway in the 2nd quarter was the lowest in the last 12 years

Published 2024년 4월 10일

Tridge summary

Norway has seen a notable decrease in the export of fresh wild cod, with a 22% drop in volume to 15,200 tonnes and an 18% decrease in value to NOK 994 million, marking the lowest export volume in 12 years. In contrast, exports of fresh farmed cod have increased by 6% in volume and 23% in value. Spain has become a significant market for cod exports, especially wild cod. Despite a general decline in fresh cod exports in March, the export of skrei, a specific type of cod, experienced a record quarter with a 14% increase in value and a 16% rise in volume, with Spain showing a notable increase in imports.

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

Original content

Compared to the first quarter of last year, the value of exports decreased by NOK 181 million, or 13 percent. Sales volume decreased by 19%. In the first quarter, the largest markets for fresh cod were Denmark, the Netherlands and Spain. Due to reductions in cod fishing quotas, fresh cod shipment volumes in the first quarter were significantly lower than last year. This also led to a decrease in export volumes. Export volumes of fresh wild cod were down 22%, or 4,400 tonnes, to 15,200 tonnes, while values were down 18%, to NOK 994 million. This is the lowest export volume in the last 12 years “We have to go back to 2012 to find a decline in fresh wild cod export volumes in the first quarter,” says Norwegian Seafood Council seafood analyst Eivind Hestvik Brekkan. Sales of fresh farmed cod increased by 6%, or 180 tonnes, to 3,250 tonnes. The export value increased by 23% to NOK 180 million. “In value terms, farmed cod accounted for 15% of fresh cod exports in the first quarter,” ...

Source: Fishretail