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February 22, 2019

 

Norway seafood exports in January hit record US$997.6 million

 

 

While Norway's seafood exports declined 4% (or by 7,700 tonnes) to 200,600 tonnes in January, value increased 13% (or by NOK992 million) to NOK8.6 billion (US$997.65 million), compared with the same month last year.

 

"Seafood export values have never been higher during the month of January", said Asbjørn Warvik Rørtveit, director for market insight and access, Norwegian Seafood Council (NSC).

 

As per the NSC, NOK5.7 billion ($661.04 million) of the total seafood export value in January came from salmon, (the most important species for Norwegian seafood exports), whose volume increased 2% (or by 1,800 tonnes) to 86,000 tonnes and value increased 14% (or by NOK700 million), compared with January last year.

 

The average price for fresh whole salmon in January was NOK62.93 ($7.30) per kilogramme compared with NOK56.99 ($6.61) /kg in January 2018. Poland, France and the US were the largest markets for Norwegian salmon.

 

In January, the US was the market that saw the strongest growth in value. Increased exports of fresh and frozen fillets have driven this growth. Strong growth in exports to Poland, Denmark, and the Netherlands, which to a large extent process salmon for consumption in other EU markets.

 

Cod exports

 

A total of 4,700 tonnes of fresh cod were exported, including skrei, in January, with a total export value of NOK227 million ($26.32 million). January saw a year-on-year reduction of 16% or 900 tonnes in volume, while the value of exports remained at the same level as last year.

 

Denmark, Latvia and Sweden were the largest export markets for fresh cod in January.

 

Prawns exported in January totalled 1,800 tonnes, valued at NOK 111 million ($12.88 million). This represents an increase of 175% or 1,200 tonnes in volume and an increase of 110% or NOK58 million in value compared with January last year.

 

Iceland, Sweden and the UK were the largest export markets for prawns in January.

 

Exports of king crab in January reached 239 tonnes, up 41% or by 70 tonnes, and their value amounted to NOK70 million ($8.12 million), up 44% or by NOK21 million.

 

South Korea, the US and Spain were the largest recipients of king crab in January.

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