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In 2022, Norwegian seafood exports exceeded 150 billion kroner, and aquaculture and fishing production declined, but prices rose sharply

 Last Update: 2023-02-02
 Source: Internet
 Author: User

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Norwegian seafood exports hit a new record in 2022, with exports totalling 2.
9 million mt last year and a 25% increase in value to NOK 151.
4 billion (US$17.
5 billion),
according to the Norwegian Seafood Agency (NSC).
At the same time, Norwegian seafood exports exceed NOK 10 billion per month, marking another milestone
in Norwegian history.

NSC CEO Christian Chramer said: "Norwegian seafood exports have performed strongly over the past year, taking place
during a period of war in Europe, soaring energy prices, high inflation and weakening global purchasing power.
We have seen significant price increases during difficult times, with important species such as salmon, cod, mackerel, trout and herring reaching record highs last year
.
”

In terms of export value, salmon exports accounted for 70% of the total, followed by true cod (8%), mackerel (4%), trout (3%), herring (3%) and shellfish (1%)
.
In 2022, Norwegian salmon exports increased significantly by 30%, exceeding NOK 100 billion for the first time to NOK 105.
8 billion; Salmon exports reached 1.
256 million tonnes, down 2.
5%
from 2021.

Of course, the growth in exports is partly related
to the weakening of the Norwegian krone and the decline in the exchange rate against the US dollar.
Chramer said: "In general, for all export markets, changes in exchange rates do not contribute much
to the growth of exports.
”

"The export value of Norwegian salmon has increased by 14%
per year over the past decade.
This is a staggering figure, far exceeding Norway's exports
of other products.
Chramer said
.
Among them, salmon exports to the US market reached NOK 3.
2 billion, up 57% year-on-year, and exports increased 22% to 66,000 tons
.

Norwegian rainbow trout exports also performed quite well last year, with annual exports falling 13% to 55,000 tonnes but increasing their value by 25% to NOK 5 billion
.
The main reason for the sharp increase in salmon and trout prices is due to the increase in global demand and the decline in supply; In addition, the increase in the ratio of value-added products and the depreciation of the Norwegian krone also stimulated the growth of
exports.

In 2022, Norwegian capture fisheries produced around 1.
6 million tonnes, down 7.
5% from the previous year, with an output value of NOK 401, accounting for 27%
of total seafood exports.

Chramer emphasized: "Despite the great success of Norwegian seafood exports last year, the future is uncertain
.
World trade is facing many challenges, including the war in Ukraine, trade barriers and the ongoing pandemic
.
Many markets have experienced a weakening of purchasing power, and we also face stiff competition
from other countries and other protein sources.
”

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