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Norwegian Seafood Exports Grow by 13% in May

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Norwegian Seafood Exports Grow by 13% in May

Norwegian Seafood Exports Grow by 13% in May
June 09
09:09 2017

Norway exported 163,000 tonnes of seafood with a value of NOK 7.6 billion in May. The volume was at the same level as May 2016, while export value increased by NOK 888 million or 13 per cent. So far this year, Norway has exported 1.1 million tonnes of seafood worth NOK 39 billion. Export volumes have increased by 3 per cent, while the year-on-year growth in value is NOK 3.2 billion or 9 per cent.

“In May, we saw growth in exports for all the major commercial species such as salmon, cod, haddock and saithe. In particular, demand for Norwegian salmon in Asia increased. This means that an increasing proportion of Norwegian salmon goes to raw consumption. The salmon price was NOK 70 per kg in May, which is the second highest price measured this year,” says Paul T Aandahl analyst at the Norwegian Seafood Council.

“For cod we see the greatest growth for conventional products such as salted fish and clip fish. The main drivers are increased campaign pressure in Portugal and growth in the Brazilian economy,” says Ingrid Kristine Pettersen analyst at the Norwegian Seafood Council.

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