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August 9, 2018

 

Usually weak July proves to be strong as Norway seafood exports post robust figures

 

 

Norway's seafood exports in July increased 8% to 159,000 tonnes, with 78% of the total coming from aquaculture and the remaining from fisheries, according to the Norwegian Seafood Council.

 

July seafood export value amounted to NOK7.1 billion (US$862.8 million), up 7% or NOK 2.2 billion from July 2017.

 

In the seven months through July, Norway exported 1.6 million tonnes of seafood, 11% higher than in the same period last year. Export value was NOK55.2 billion ($6.7 billion), up 4% or NOK 2.2 billion from last year.

 

July is seasonally the weakest export month. But for the fisheries, July 2018 was the second-highest July month ever, with an export value of NOK1.5 billion. This is 5% higher than last year and 9% lower than the July 2015 record.

 

For aquaculture, exports totalled a much higher NOK5.5 billion, which is also a record for July. 

 

Salmon exports

 

Norway's exports of salmon, the most important species for Norwegian seafood exports, totalled

88,000 tonnes worth NOK 5.3 billion ($644.18 million) in July. This is a volume increase of 20% or 15,000 tonnes and a value increase of 7% or NOK344 million compared with July 2017.

 

During the first seven months, Norway exported 572,000 tonnes of salmon valued at NOK37.8 billion ($4.6 billion). Export volumes increased 9%, while export value increased 4% or NOK1.4 billion from the same period last year.

 

The average price for whole fresh salmon in July was lower at NOK56.45 ($6.86) per kilogramme compared with NOK64.11 ($7.79) per kg in July last year. Poland and France were the largest salmon markets in July.

 

In July Norway exported 3,350 tonnes of trout, up 65% or 1,300 tonnes, valued at NOK213 million, up 28% or NOK 47 million compared with July 2017. During the period January to July, Norway exported 24,000 tonnes of trout with an export value of NOK 1.6 billion. This is a volume growth of 30% or 5,600 tonnes and a value increase of 8% or NOK124 million from the same period last year.

 

Belarus and the US were Norway's largest trout markets in July.

 

Cod exports

 

Norway exported 2,600 tonnes of fresh cod, including fillet, which was an increase of 5% or 118 tonnes in July. They were worth NOK83 million, an increase of 10% or NOK8 million compared with July last year. Denmark and Spain were the largest markets for fresh cod in July.

 

In the first seven months, Norway exported 53,000 tonnes of fresh cod, including fillet, worth NOK1.9 billion. This is a volume decline of 5% or 2,600 tonnes and a value increase of 3% or NOK154 million from last year.

 

Norway exported 3,900 tonnes of frozen cod, including fillet, valued at NOK155 million in July. This is a volume decline of 43% or 2,980 tonnes and a value decline of 29% or NOK64 million compared with July 2017.

 

From January to July, Norway exported 43,000 tonnes of frozen cod, including fillet, for NOK1.6 billion. This is a volume decline of 5% or 2,365 tonnes and a value increase of 5% or NOK76 million from the same period last year.

 

China and the UK were the largest frozen cod markets in July.

 

King crab and prawn exports

 

Norway exported 270 tonnes of king crab in July, up 64% or 106 tonnes. They were worth NOK78 million, up 80% or NOK 34 million from the same month last year.

 

In the seven months through July, Norway exported 946 tonnes of king crabs totalling NOK273 million. This is a volume increase of 9% or 79 tonnes and a value increase of 16% or NOK38 million.

 

South Korea and the US were the most important king crab markets in July.

 

Prawns exported in July totalled 670 tonnes worth NOK51 million. This is an increase of 4% or 26 tonnes, while export value increased 6% or NOK2.7 million. During the first seven months Norway exported 5,250 tonnes, an increase of 11% or 515 tonnes. Export value was NOK425 million, up 20% or NOK72 million.

 

Sweden and Finland were Norway's most important prawns markets in July.

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