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News Alert


October 18, 2017

 

Norway's Sept. seafood exports down 18% in volume, 8% in value

 

 

Norway's seafood exports in September dropped 18% to 189,000 tonnes from a year before, with value also decreasing 8%, or NOK 681 million, to NOK8 billion (US$1.1 billion), according to the Norwegian Seafood Council (NSC).

 

In the nine months through September, Norway exported 1.8 million tonnes of seafood with a value of NOK69 billion ($8.7 billion). This is a volume increase of 3% and a value increase of 6%, or NOK3.7 billion, from the same period last year.

 

NSC Director Asbjørn W. Rørtveit.said that for seafood exports to reach NOK100 billion in 2017, the value added for the last three months of the year must be NOK4.75 billion, which "is unlikely". 

 

Salmon exports

 

September exports of salmon, Norway's top seafood product, reached 97,300 tonnes, down 2% from the same month last year. Export value amounted to NOK5.8 billion ($731.07 million), which is at the same level as September last year.

 

From January to September, exports of salmon reached 711,000 tonnes, the same level as last year. Value hit NOK48 billion, an increase of 10%, or NOK 4.2 billion, from the same period last year.

 

The average price of whole, fresh salmon in September was NOK55.47 ($7) per kilogramme, or NOK 1.12/kg higher than the same month last year.

 

During the nine-month period, Poland and France bought the most salmon from Norway.

 

Trout, shellfish, crab exports

 

Norway exported 3,800 tonnes of trout in September, down 41% from last year. Value amounted to NOK257 million ($32.4 million), down 30%, or NOK113 million.

 

From January to September, Norway exported 26,000 tonnes of trout with a value of NOK2 billion ($252.05 million). This is a volume decline of 53%, while the value fell by 33%, or NOK 988 million, compared with the same period last year.

 

In September Norway exported 1,500 tonnes of shellfish worth NOK 158 million ($19.9 million). This is a volume decline of 56% and an 8% decline in value.

 

In January-September, Norway exported 38,000 tonnes of shellfish with an export value of NOK1.3 billion ($163.82 million). This is a volume decline of 5% and a value decline of 11%.

 

During the same nine-month period, Norway exported 1,400 tonnes of red king crab worth NOK385 million ($48.52 million). This is a volume decline of 17%, while export value fell by 5%, or NOK21 million.

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