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    Home > Food News > Food Articles > Norwegian seafood exports up 19% year-on-year in November

    Norwegian seafood exports up 19% year-on-year in November

    • Last Update: 2022-12-29
    • Source: Internet
    • Author: User
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    From SeafoodMedia on December 5, Norway exported seafood worth NOK 14.
    4 billion in November, an increase of NOK 2.
    3 billion, or 19%,
    compared with the same period last year.
     
    So far this year, Norway has exported NOK 138 billion worth of seafood
    .
     
    November's exports were the third highest on record, confirming that Norwegian seafood still has a strong export position in the global market, however, the increase in demand is not reflected in the volume of exports, but in higher earnings due to price growth
    .
     
    Overall, food inflation is high and costs are rising, pushing up prices
    across the value chain, NSC said.
    Seafood exports totalled NOK 14.
    4 billion in November, an increase of NOK 3 billion
    .
    Salmon, trout, pollock and pollock all performed better than a year earlier, with salmon being the main export product, accounting for 70%
    of total exports in November.
     
    If the strong export revenue growth continues in December, seafood exports will exceed NOK 150 billion by the end of the year
    .
    Inflation issues have led to a decline in domestic consumption in Norway, which may affect the future demand
    for Norwegian salmon in the catering industry.
     
    Compared to the same period last year, Norwegian seafood exports to the United States increased most significantly in November, with exports up NOK 473 million, or 64%.

     
    In November, Norwegian seafood exports to 121 countries and regions, an increase of 6 countries year-on-year, Poland, Denmark and the United States are the three major export markets, with exports to the United States of 10,587 tons, an increase of 22%
    year-on-year.
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