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King crab alive (Photo :Courtesy Norwegian Seafood Council)

Norwegian production and exports of king crab and prawn

NORWAY
Thursday, November 05, 2020, 07:00 (GMT + 9)

Growth for king crab

Norway exported 259 tonnes of king crab worth NOK 79 million in October.
There is an increase in volume of 61 percent.
The value increased by NOK 29 million, or 58 per cent, compared with October last year.
The USA, Japan and South Korea were the largest markets for Norwegian king crab in October.

“Not since 2008 has the export value of king crab been as high as in October this year. At that time, however, the volume was three times as high, which in reality means that the price of king crab has tripled”, says Josefine Voraa, Manager for Shellfish with the Norwegian Seafood Council.

Norwegian king crab portion retail pack, japanese supermarket (Photo: courtesy Kuromon Saipei)

Higher export volumes

The increased export value is primarily due to increased volumes.

"Good demand in large consumer markets for king crab combined with a lower supply of red king crab from Russia and Alaska is the main explanation for the increased demand," says Voraa.

Frozen king crab increased by 46 per cent measured in value and 54 per cent measured in volume. Here, Japan, France and the United States were the largest emerging markets.

“For live king crab, the export value increased by 69 per cent and the export volume by 70 per cent. Here, Hong Kong, South Korea and Vietnam have driven the growth”, says Voraa.

So far this year, 1,700 tonnes of king crab have been exported for NOK 542 million.
There is a reduction in volume of 5 per cent, while export value fell by NOK 12 million, or 2 per cent.

Growth for prawn in the Swedish market

NOK 1,300 tonnes of prawn valued at NOK 92 million were exported in October.
This represents is a fall in export volume of 34 per cent.
Export value fell by NOK 20 million, or 18 per cent, compared with October last year.
Sweden, the Netherlands and Finland were the largest markets for Norwegian prawn in October.

Norwegian prawn (pandalus borealis) pelled (Photo: courtesy The Daily Scandinavian )

Exports of prawn to Sweden continue the positive trend in recent months.

“October was another strong month for prawn exports to Sweden, with a volume growth of as much as 61 percent. All product segments grew, but frozen peeled prawns accounted for the largest growth with 77 percent. In October, the big advertising campaign started with prawn. This combined with good price campaigns in stores has driven up the demand for Norwegian prawn in Sweden”, says Sigmund Bjørgo the Norwegian Seafood Council's seafood envoy.

So far this year, the Swedish prawn market accounts for 36 per cent of total prawn exports when measured by value.

“Despite the strong growth in Sweden, there is a decline in prawn in total as a result of reduced volumes of frozen, peeled prawn to the UK and frozen raw prawn to Iceland”, says Josefine Voraa, Manager for Shellfish with the Norwegian Seafood Council.

So far this year, 10,000 tonnes of prawn have been exported for NOK 759 million.
There has been a reduction in volume of 30 per cent, while the value fell by NOK 174 million, or 19 per cent.

Source: Norwegian Seafood Council

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