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Norwegian seafood exports hit a new high in October, with total exports expected to exceed NOK 150 billion this year

 Last Update: 2022-11-14
 Source: Internet
 Author: User

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Christian Chramer, CEO of the Norwegian Seafood Council, said: "Norwegian seafood exports experienced a historic increase in October, with NOK 15 billion being a solid record, meaning we export as much as NOK 500 million per day, which is an ambitious figure that shows how important
the seafood industry is to Norway.
”

From January to October this year, Norwegian seafood exports reached NOK 123.
9 billion, an increase of NOK
27.
1 billion over the same period in 2021.

"On October 25, we exceeded the total export volume
in 2021.
The annual value was NOK 120.
8 billion
.
With good development in the last two months of the year, the export value of Norwegian seafood will exceed NOK 150 billion in 2022
.
That's impressive, tripling in ten years," Chramer said
.

According to the Norwegian Seafood Board (NSC), Norwegian seafood exports reached NOK 15.
4 billion in October, up 27% from the same period last year and setting a record for single-month exports on record
.

So far this year, the export value of several species such as salmon, cod, trout, cod, cod, haddock and shrimp has reached record highs
.
Still, Christian Chramer stressed that despite the strong growth, there are reasons for concern
.

"We live in a demanding and turbulent era with high food inflation and a fierce global competition for protein
.
Hence the historically high price of
Norwegian seafood.
In addition, the weakness of the Norwegian krone in October helped boost the value
of exports.
At the same time, seafood consumption has declined in some countries, and the catering market is facing severe challenges, casting a shadow
over the future prospects.
Chramer explains
.

In October, Norway exported seafood
to 116 countries.
Same
as in October 2021.
The largest markets for Norwegian seafood exports in October were Poland, the United States and Denmark
.

This month, the value growth in the United States was most significant
.
Compared to the same period last year, the value of exports increased by NOK 581 million, or 83%.

Exports to the United States closed at 10,866 tonnes, 18%
higher than a year earlier.

In October, Norway exported 133,105 tonnes of salmon, up 5% year-on-year, and NOK 10.
6 billion, up 34%
year-on-year.
Poland, the United States and France were the largest salmon markets
in October.

NSC analyst Paul Aandahl said: "The increase in salmon exports was mainly driven by higher prices, in addition to the increase in salmon exports, the depreciation of the Norwegian krona and the development of the Norwegian salmon processing industry did not contribute positively to the export growth, with the proportion of fillet rising slightly from 14% to 15%
in October.
”

In October, Norway exported 5,019 tonnes of trout, worth NOK
46.
5 billion.
Compared to last October, the value increased by NOK 75 million, or 19%.

Trading volume decreased by 18%.

In October, the United States, Thailand and Japan were the largest markets
for trout.

The United States saw the largest increase this month, with exports worth NOK 42 million, or 90 percent
, compared to the same period last year.

Exports to the United States closed at 688 tonnes, 8 percent
lower than last month.
The price of fillets is at a record high of NOK 142 per kg
.
NOK 15 is NOK 15 higher than in the previous record month (September 2022
).

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