‘Explosive’ growth for Norway seafood exports

By

SeafoodSource staff

Published on
July 8, 2014

The value of Norwegian seafood exports during the first half of 2014 totaled NOK 32.7 billion (USD 5.3 billion, EUR 3.9 billion), up 22 percent compared in 2013.

According to the Norwegian Seafood Council (NSC), never before has such a high export value for Norwegian seafood been registered, while at the same time, a new record was set in June. The value of Norwegian seafood exports increased by 10 percent, compared to the same month last year.

“The increase in seafood exports is primarily attributable to the fact that the demand for salmon exceeded the supply and consumers in our traditional cod markets have demanded cod products from Norway after a record winter fishing season,” said Egil Ove Sundheim, NSC director of market information.

The value of Norwegian salmon exports during the first half of the year was NOK 21.5 billion (USD 3.5 billion, EUR 2.6 billion), up 24 percent compared to the same period last year. During the month of June alone, total export value was NOK 3.3 billion (USD 534 billion, EUR 392 billion), up 14 percent. The average price for fresh whole Norwegian salmon in June was NOK 36.03 (USD 5.83, EUR 4.28), compared to NOK 40.97 (USD 6.63, EUR 4.87) in June 2013. As in the previous month, the largest markets for Norwegian salmon were Poland, France and Russia.

The volume of exports of Norwegian fjord trout in the first half of 2014 increased by 22 percent to NOK 1.2 billion (USD 194 million, EUR 143 million). In June, exports increased 4 percent to NOK 182 million (USD 29 million, EUR 22 million). The biggest markets for Norwegian Fjord Trout are Russia and Japan.

Herring exports fell in value during the first half of the year by 10 percent, to a total value of NOK 1.3 billion (USD 210 million, EUR 154 million). The value of exports of herring in June totaled NOK 195 million (USD 32 million, EUR 23 million), down by 28 percent. Russia and Germany are the largest markets for Norwegian herring.

Mackerel exports increased in value during the first half of 2014 by 41 percent, to a total of NOK 900 million (USD 146 million, EUR 107 million). Exports in June were up 50 percent, to a total of NOK 104 million (USD 17 million, EUR 12 million). China and Nigeria are the biggest markets for mackerel.

Exports of clipfish increased in value during the first half of the year to NOK 1.5 billion (USD 243 million, EUR 178 million). Measured in total export value, exports in June were up 13 percent, to a total of NOK 226 million (USD 37 million, EUR 27 million). This figure breaks down into NOK 737 million (USD 119 million, EUR 88 million) for cod, NOK 612 million (USD 99 million, EUR 73 million) for saithe, NOK 48 million (USD 7.8 million, EUR 5.7 million) for ling, NOK 44 million (USD 7 million, EUR 5 million) for cusk and NOK 12 million (USD 1.9 million, EUR 1.4 million) for other whitefish during the first six months of the year.

The value of exports of salted fish, including fillets, was up 25 percent, during the first half of the year, to a total export value of NOK 690 million (USD 112 million, EUR 82 million), of which NOK 652 million (USD 105 million, EUR 78 million) was accounted for by cod exports.

Exports of fresh Norway cod, including fillets, during the first six months of 2014 increased in value by 40 percent, to NOK 1.2 billion (USD 194 million, EUR 143 million). Exports of frozen Norwegian cod, including fillets, also increased in value during the first half of the year by 30 percent, to NOK 1.1 billion (USD 178 million, EUR 131 million). Measured in value, 97 percent of fresh and 60 percent of frozen fish are exported to the EU. The remaining frozen cod was exported primarily to China

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