Norway

Norwegian seafood exports increased in 2017

Fish & Seafood

Norway's seafood exports reached 286,000 tons with a value of 9 billion kroner in November and an increase in volume of 25%, while export values remained on par with November last year, according to the Norwegian Seafood Council.

Posted on Dec 12 ,11:15

 

In the first 11 months of this year, Norway exported 2.4 million tonnes of seafood worth 86.5 billion kroner.

There was a 6% increase in export volumes and a 4% increase in value or 3.3 billion kroner compared to the corresponding period in 2016.

"Despite the fact that the price of salmon continues to decline, we expect that the total export value for Norwegian seafood in 2017 will exceed last year's figure by a comfortable margin. The explanation for this is the increased volume of salmon combined with a relatively high price level”, says Asbjørn Warvik Rørtveit, Director of Market Insight with the Seafood Council.

"We anticipate a weaker December month than last year, partly due to continued high salmon prices impacting consumers. This is especially true of the smoked salmon market, where important markets like Germany and France have seen demand decline compared to the previous year”, says Paul T. Aandahl, Analyst with the Norwegian Seafood Council. 

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