Norway exported NoK12.9 billion worth of seafood in April. This is a 14% increase compared to the same month last year.
‘For Norway as a seafood nation, it is positive that the value of export products continues to increase, but the growth in April is solely due to a currency effect. Measured in euros, the export value fell by more than 5% and in dollars by 3.7%. The weak Norwegian krone is driving the value up,’ said Christian Chramer, CEO of the Norwegian Seafood Council.
During April, 160,000 tones of seafood were exported from Norway. This is the lowest April export volume since 2007, when exports totalled 125,000 tonnes.
‘The downward trend with falling volumes also continued in April. Among other things, this applied to trout, grayling, and several whitefish species, while the volume for salmon is at a standstill compared to the same month last year,’ Christian Chramer explained, adding that Denmark, the USA, and China were the three markets showing the greatest growth in value in April.
‘What they have in common is that salmon is driving up the value. While Denmark is a large processing and transit market, it is consumption that drives growth in the USA and China. For the USA, we see that Norwegian salmon gets good traction from reduced supplies from other producer countries,’ he said.
‘In China, consumption is increasing strongly after the reopening of society, which Norwegian salmon is benefiting from.’