Norway seafood exports set record in May

By

SeafoodSource staff

Published on
June 10, 2013

Prices in salmon and cod have led to yet another increase in value of Norwegian seafood exports, with year-to-date totals setting records there.

According to the Norwegian Seafood Council, seafood export values in May totaled NOK 4.9 billion (USD 845 million, EUR 637.2 million), up 25 percent compared with May of 2012.

Year-to-date, export values have set a record at NOK 22.6 billion (USD 3.9 billion, EUR 2.9 billion), an increase of 8 percent compared with 2012.

“Seafood exports for the first five months of the year have never been higher than the value reached this year,” said Egil Ove Sundheim, Director of Market Information at the Norwegian Seafood Council. “This growth is primarily due to the high price of salmon, but it is also a result of an increase in the export value of various cod products in May.”

Salmon export values reflect the price increases. In May, exports were on par with May of 2012, but year-to-date values totaled NOK 14.5 billion (USD 2.5 billion, EUR 1.9 billion), a 27 percent increase over the same five months in 2012. Fresh cod exports were up in May, totaling NOK 101 million (USD 17.4 million, EUR 13.1 million), and frozen cod exports were up to, totaling NOK 160 million (USD 27.5 million, EUR 20.8 million).

Trout, herring and clipfish exports either matched or were better in May 2013 than last year, and year-to-date values for all three are better than 2012. Mackerel exports were down in May of this year, but year-to-date for mackerel was up over 2012 as well.

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