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Seafood processing plant. (Photo: The Norwegian Seafood Export Council)

Seafood exports grow 26 per cent until September

Click on the flag for more information about Norway NORWAY
Thursday, October 06, 2016, 01:30 (GMT + 9)

Norway has exported seafood worth NOK 65 billion (USD 8.1 billion) this year to date, which represents a 26 per cent record increase (NOK 13.2 billion) compared with the same period last year, according to statistics from the Norwegian Seafood Council.

In September sales abroad marked an all time high, totalling NOK 8.8 billion, representing an increase of 31 per cent from the same month last year.

”The value of Norwegian seafood exports have doubled over the past six years. September exports alone are equal to seafood exports for the whole of 1990. Norwegian seafood is a scarce resource in the world market. With stable volumes supporting this growth in demand coupled with high prices for most products and this explains the basis of our record year to date”, pointed out Communications Director Geir Håvard Hanssen with the Norwegian Seafood Council.

The director explained that the value of seafood exports to markets that just ten years ago were quite modest, is now two, five, and in the case of South Korea, nine times larger.

He also remarked that the US, Italy and South Korea are good examples of strong growth markets that demonstrate the breadth of Norwegian seafood exports, stressing that Norway exports now quite a lot of salmon, trout, cod and crab to the US, whilst Italy has also now developed an appetite for Norwegian salmon and to South Korea they now export large quantities of salmon for raw consumption, as well as crab and mackerel.

Between January and September, Norway exported salmon to a value of NOK 44 billion, which is an increase of 30 per cent year on year. The average price for whole fresh salmon in the nine month of the year was NOK 54.59 per kg compared with NOK 41.70 per kg in the same month last year.

Trout sales generated a value of NOK 3 billion year to date, representing an increase of 98 per cent compared with the same period last year.

Sales of fresh cod, including fillets, have reached a total of NOK 1.8 billion this year to date, which is an increase of 13 per cent compared to the same period last year. Meanwhile, frozen cod, including fillets, was worth NOK 1.8 billion during the third quarter, which is an increase of 36 per cent or NOK 487 million from the same period in 2015.

So far this year, Norwegian clipfish exports have totalled NOK 2.6 billion, representing a decrease of 9 per cent and those of salted fish were worth NOK 1 billion, which is an increase of 8 per cent.

Exported herring has reached NOK 2.1 billion so far this year, representing a growth of 45 per cent from the same period in 2015 and mackerel exports have also experienced a 13 per cent increase from the same period last year.

”Strong demand for herring in the European markets and relatively low quotas has resulted in high prices so far this year, but the remaining quota for the rest of the year is significantly lower than in previous years. This has meant that Germany and Poland have bought twice as much filleted products as during the same period last year, despite higher prices”, pointed out Kristin Lien, Analyst with the Norwegian Seafood Council.

Exported crab has reached a value of NOK 731 million so far this year, which is an increase of 89 per cent compared with the same period last year. Of the totals for crab exports so far this year, Norway has exported red king crab worth NOK 414 million, and snow crab worth NOK 286 million.

(NOK 1 = USD 0.12507)
 
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