April 9, 2020

 

Norwegian seafood exports buck 'challenging situation', grow 11% in value in 1st quarter 

 


Despite the COVID-19 pandemic, Norway's seafood exports increased 4% in March and 11% during the first quarter in terms of value, compared with the same periods last year.

 

March exports totaled 213,000 tonnes of seafood worth NOK9.6 billion, while January-March exports reached 664,000 tonnes worth NOK28.6 billion, according to the Norwegian Seafood Council (NSC).

 

"Despite the challenging situation in some of our most important markets, export value has continued to increase as a result of a weakening Norwegian kronor", said Renate Larsen, CEO of the NSC.

 

Fisheries and Seafood Minister Odd Emil Ingebrigtsen (H) praised the Norwegian seafood industry for managing to" adapt in this difficult period".

 

"The last few weeks have been challenging due to the coronavirus. It is therefore extremely gratifying that the growth in value for Norwegian seafood exports has continued in March. In the difficult situation, a formidable effort is being made in the industry to ensure that seafood reaches consumers worldwide", he said.

 

Exports of salmon, Norway's largest species of fish exports, reached 85,800 tonnes, valued at NOK6.1 billion, in March. This is an increase both in volume (4%) and value (2% or by NOK103 million) from March last year.

 

In the first quarter, 252,000 tonnes of salmon were exported, worth NOK18.5 billion. This is an increase in volume of 2%, while value increased 11% or by NOK1.8 billion.

 

The average price for fresh whole salmon in March was NOK64.98 per kilogramme, compared with NOK68.72 per kg in March last year. Measured by value, Poland, the US and France were the largest buyers of salmon from Norway in March.