Value of Norway’s seafood exports drops


SeafoodSource staff

Published on
October 10, 2011

The value of Norway’s seafood exports dropped in September to NOK 5.1 billion, down NOK 595 million from September 2010, according to new figures from Norwegian Seafood Export Council. However, through the first nine months of the year, they reached NOK 37.9 billion, up NOK 759 million from the same period in 2010.

The value of Norwegian salmon exports in September fell NOK 404 million, to NOK 2.4 billion. France is still the biggest market for Norwegian salmon, at NOK 3.3 billion so far this year; Russia is second with NOK 2.1 billion.

The value of mackerel exports also declined NOK 343 million to NOK 962 million.

However, the value of herring exports increased NOK 38 million to NOK 174 million. Due to higher prices, the value of cod exports jumped NOK 143 million, and greater catches accounted for the increase in the value of saithe exports by NOK 80 million. The value of clipfish exports was also up NOK 85 million.

“The reduction in the value of the exports of Norwegian seafood is mainly due to reduced prices for salmon,” said Egil Ove Sundheim, director of market information at the council. “However, we not that over-the-counter salmon prices have also fallen in a number of markets, and more salmon is ending up in consumers’ trolleys.”

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