Norway's fish exports flying high – Fishfarmer Magazine

Norway’s fish exports flying high10 February, 2014 –

EXPORTS of Norwegian seafood last month soared in value by 25 per cent to 5.9 billion Norwegian kroners (NOK) – an increase of NOK 1.2 billion over January last year.

One of the reasons for the surge was the continued high price of farmed salmon, of which Norway is by far the largest producer in Europe.

January also saw an increase in the export of frozen cod to China, and fresh cod into the countries of the European Union, said Egil Ove Sundheim, director of market information at the Norwegian Seafood Council.

However, salmon is the star performer at the moment. Exports totalled NOK 3.7 billion, an increase of NOK 997-million on January 2013.

The volume of salmon sales remains around the same, but the price of fresh (farmed) whole salmon increased by over a third in the 12 months. France, Poland and Russia are Norway’s three most important customers for this salmon.

Exports of farmed trout remained stable at around NOK 205 million, as did mackerel and herring, which remained the same at about NOK 395 million in January.

Exports of cod, saithe and haddock increased by ten per cent last month to NOK 1.1-billion. Ove Johanesen, the Norway Seafood Council’s cod director, said the rise was in both volume and value, adding that it was gratifying to see cod prices on the up.

At NOK 282.5 million, revenue from fresh cod showed an increase of 69 per cent on the same period last year. Exports of frozen cod, saithe and haddock totalled NOK 445-million, a rise of 30 per cent, with fish hungry China the main buyer.

Farmed white fish (mainly cod), however, did not fare so well with exports declining by nine per cent to NOK 5.4 million.