POST Online Media Lite Edition



 

Norway sees record start for seafood exports in 2022

Christian Fernsby |
Norway exported seafood worth NOK 10.3 billion in January.

Article continues below



Topics: NORWAY   

That's an increase of NOK 2.1 billion, or 26 per cent, compared with January last year.

"January this year gave the highest export value ever, and thus the strong trend continues from 2021. Despite challenges with the corona pandemic, prices for many of our products increased. It was also a January record in both value and volume for salmon", says Renate Larsen, CEO of the Norwegian Seafood Council.

In January, the total volume of exported seafood fell by 17 per cent, compared with the same month in 2021.

"There was a clear difference in exports in January. While fish from aquaculture had a value growth of 42 per cent, there was a decrease in both volume and value on the wild catch side. Occasionally bad weather presented some challenges for the fleet. Still, thanks to significant growth in demand in the markets, there was increased value for several wild-caught products, including cod and saithe", says Renate Larsen.

Nevertheless, salmon was the engine for seafood exports in January.

"Salmon consolidated its strong position and accounted for 70 per cent of the total value. In overseas markets such as North America and Asia, restaurant openings and improved logistics have resulted in growth in exports, especially for whole fresh salmon", says Renate Larsen.

In January, Norway exported 718 tonnes of fresh cod worth NOK 47 million. An increase in value of 82 per cent compared with the same month last year.

The largest growth in seafood exports this time came from outside the EU. While this market in January 2021 accounted for 58 per cent of the export value, it had fallen to 54 per cent in the same month this year.

A record month for salmon
• 96,500 tonnes of salmon worth NOK 7.2 billion were exported in January.
• Export volume increased by 2 per cent.
• Export value increased by NOK 2.1 billion, or 41 per cent, compared with January last year.
• France, Poland, and the USA were the largest markets for Norwegian salmon in January.

The share of salmon exports to the EU fell from 67 per cent in January last year to 60 per cent this year.

In January, the United States was the next largest growth market for salmon, increasing NOK 192 million, or 49 per cent, to NOK 583 million. The increase in exports for fresh whole salmon was particularly strong.

In the case of fresh fillets, the volume increased from 4,000 tonnes last year to 5,000 tonnes this year. Frozen fillets ended at about 1,300 tonnes, the same as in January last year.

Big increase for trout
• 4,400 tonnes of trout worth NOK 338 million were exported in January.
• Export volume increased by 16 per cent.
• Export value increased by NOK 123 million, or 57 per cent, compared with January last year.
• The USA, Thailand and Japan were the largest markets for Norwegian trout in January.

Like salmon, trout also increased their market share outside Europe.

Growth for fresh cod
• Norway exported 4,800 tonnes of fresh cod, including fillets worth 260 million.
• The volume increased by 23 per cent.
• Export value increased by NOK 79 million, or 44 per cent, compared with January last year.
• Denmark, Sweden, and Spain were the largest markets for fresh cod from Norway in January.

In January, the export price for fresh whole cod was as much as NOK 50 per kg. The second highest ever in a single month.

Good January for cod
• Norway exported 718 tonnes of fresh cod worth NOK 47 million in January.
• Export volume increased by 61 per cent.
• Export value increased by NOK 21 million, or 82 per cent, compared with January last year.
• Denmark, Sweden, and Spain were the largest markets for fresh cod from Norway in January.

The export price for fresh cod is the highest ever in a single month, with prices as high as NOK 66 per kg. Spain increased its volume sharply from last year and imported over 80 tonnes of cod in January.

The best month ever for frozen cod
• Norway exported 11,800 tonnes of frozen cod worth NOK 482 million in January.
• An increase in volume of 70 per cent.
• Export value increased by NOK 221 million, or 84 per cent, compared with January last year.
• China, the United Kingdom, and the United States were the largest markets for frozen cod from Norway in January.

"This is the highest export value ever in a single month, almost 100 million higher than the previous record month, which was in January 2019”, says Eivind Hestvik Brækkan, Marine Analyst with the Norwegian Seafood Council.

Record for saithe clipfish
• Norway exported 8,100 tonnes of clip fish worth NOK 396 million in January.
• A decrease in export volume of 15 per cent.
• Export value fell by NOK 31 million, or 7 per cent, compared with January last year.
• Brazil, the Dominican Republic and Portugal were the largest markets for Norwegian clip fish in January.

Prices for clip fish of both cod and saithe continue the strong development from the end of last year. Norway exported a clip fish of saithe for NOK 202 million, a new export record.

Value-added for salted fish
• Norway exported 1,300 tonnes of salted fish worth NOK 63 million in January.
• Export volume is unchanged.
• Export value increased by NOK 4 million, or 6 per cent, compared with January last year.
• In January, Portugal, Greece, and Canada were the largest markets for Norwegian salted fish.

These figures represent the highest export value in a January month since 2008.

Decline for stockfish
• Norway exported 328 tonnes of stockfish worth NOK 63 million in January.
• A decrease in volume of 38 per cent.
• The export value fell by NOK 39 million, or 38 per cent, compared with January last year.
• In January, Italy, the USA, and Nigeria were the largest markets for Norwegian stockfish.

"The export price for whole stockfish of cod was higher than in some of last year's months, and over NOK 200 per kg for the first time since January last year", says Eivind Hestvik Brækkan, Marine Analyst with the Norwegian Seafood Council.

Low catches resulted in lower herring exports
• Norway exported 19,200 tonnes of herring worth NOK 251 million in January.
• Export volume fell by 46 per cent.
• The export value fell by NOK 99 million, or 28 per cent, compared with January last year.
• Poland, Lithuania, and Germany were the largest markets for Norwegian herring in January.

The reduced catches have a direct effect on decreasing exports. In January 2021, large quantities of smaller herring were caught. These lower-priced herrings were in great demand in West Africa. This year the herring are larger, and the prices are higher. This means that the European markets take the most", says Jan Eirik Johnsen, Manager for Pelagic Species with the Norwegian Seafood Council.

Lower mackerel exports
• Norway exported 25,200 tonnes of mackerel worth NOK 464 million in January.
• A decrease in volume of 39 per cent.
• The export value fell by NOK 164 million, or 26 per cent, compared with January last year.
• South Korea, China and Japan were the largest markets for Norwegian mackerel in January.

Mackerel exports are still at a high level compared to all years, except for last year's January, which set an export record. The export value in January 2022 is the second-highest recorded.

Halved export volume for king crab
• Norway exported 132 tonnes of king crab worth NOK 77 million in January.
• A decrease in volume of 55 per cent.
• Export value fell by NOK 20 million, or 20 per cent, compared with January last year.
• The USA, South Korea and Denmark were the largest markets for Norwegian king crab in January.

Value growth for prawn
• 909 tonnes of prawn worth NOK 69 million were exported in January.
• An increase in export volume of 3 per cent.
• Export value increased by NOK 3 million, or 4 per cent, compared with January last year.
• The UK, Sweden and Finland were the largest markets for Norwegian prawn in January.

A lot of bad weather from south to north has also contributed to lower volumes of fresh shrimp and shrimp being exported to Sweden in January this year, compared to last year. Compared with January last year, shrimp exports to Sweden have decreased by 22 per cent.


$18.6 million investment for three bridge replacement projects on Thruway in Central New York completed

 
Governor Kathy Hochul announced the completion of an $18.6 million investment for three separate bridge replacement projects on the Thruway in Central New York.
 
 

Latest

After fatal crash, Japan to ground Osprey aircraft, asks U.S. to follow suit
Vietnam's trade surplus reaches 25.83 bln USD in 11 months
3 tonnes of cocaine seized off Senegal's Dakar coast
Value of cereal production in EU €64.4 billion, milk value €58.0 billion

NEWS

Romania: EPPO carries out searches in probe into misuse of funds for Roma communities

Poland filed complaint against Germany regarding illegal storage of waste
RMT calls for end to cuts as London’s tube crime soars
Prosecutor's Office will investigate accident in Polish coal mine
Henry Kissinger dies at age 100
Report on marine casualty involving cruise ship Viking Polaris south-east of Cape Horn
 

BUSINESS

Bulgaria plagued by shortage of medical professionals

Kenya: African Development Bank commits more than €101 million to boost access to electricity
Europe’s critical infrastructure faces growing threat from extreme rainfall events
Technical capacity of Balticconnector interconnection point will be increased
Almost 600 migrants arrive on Italy's Lampedusa island
REFORMERS project launches Europe’s first Renewable Energy Valley in Netherlands
 

Trending Now

Romania: EPPO carries out searches in probe into misuse of funds for Roma communities

Dr. Martens H1 revenue decreased by 5%

New York: $100 million for zero-emission school buses

Bulgaria plagued by shortage of medical professionals


POLITICS

New York: $100 million for zero-emission school buses

Poland to seek return of EU permits for Ukrainian haulers
EU Solidarity Fund grants €100 million of advance payment to Slovenia following summer floods
Bolivia gets green light for full Mercosur membership
Canada signs deal to refurbish nuclear reactor in Romania
Gas flow agreement to bolster energy security in Italy and Switzerland
 

Today We Recommend

Argentina records hundreds of Trichinella cases


Highlights 

Novo Nordisk invests 2.1 billion euros in expansion in Chartres, France creates 500+ new jobs

Boehringer Ingelheim to acquire T3 Pharmaceuticals in deal worth over $500m

Chinese MMG will acquire Botswana copper company for $1.88bn


COMPANIES

Impala Platinum restarts South African mines after deadly accident

Offshore Odfjell drillers strike pay deal
Unite announces rolling Chivas Brothers strike action across Scotland
Unite brands Barclays disgraceful as it announces job losses before Christmas
Port of Rotterdam Authority officially commissions Container Exchange Route
Commission approves €833 million Danish and Swedish State aid measure to recapitalise SAS
 

CAREERS

Pyxis Oncology appoints Ken Kobayashi as chief medical officer

Amylyx Pharmaceuticals appoints Camille L. Bedrosian as chief medical officer
Federal Signal Corporation appoints Katrina L. Helmkamp to board
First Resource Bancorp appoints Kristen Fries as CFO
Network International appoints Mpho Sadiki as group managing director, merchant solutions for Africa
Liquid Intelligent Technologies: Oswald Jumira new CEO of Liquid C2 business unit
 

ECONOMY

French economy contracts in Q3

Sweden enters recession with GDP shrinking 0.3 pct in Q3
Türkiye GDP grew 5.9% in Q3
Australian inflation falls to 4.9 pct
Bankruptcies soar among German large companies
Mexico's economy sees 3.3 pct growth in Q3
 

EARNINGS

Dr. Martens H1 revenue decreased by 5%

Fortaco H1 sales EUR 79.9 million
Seadrill Q3 revenues $414 million
LightInTheBox Q3 revenues increased by 27.5%
Natuzzi Q3 revenue €74.9 million
Foot Locker Q3 sales decreased by 8.6%
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Rosselkhoznadzor begins inspections of Brazilian poultry meat producers

Kazakhstan will supply peaches, cherries, and plums to China
Poland to start exporting apples to Indonesia
Vietnam becomes world's second shrimp supplier
Japan confirms season's second bird flu outbreak
France reports bird flu on turkey farm as disease spreads in Europe
 

LEADERSHIP

LinkedIn can trigger feelings of imposter syndrome

Study suggests corporate culture thwarts efforts to hire innovative candidates
Workplace wellness policies could soften effects of workaholism
Customers willing to wait longer for delivery when they shop in store showroom
Internal crowdfunding fosters innovation and engages employees
Employee owned businesses deliver an 8 to 12% productivity boost
 

CRIME

BNP Paribas subsidiary fined maximum amount over Swiss franc loans

Commission fines Rabobank €26.6 million over Euro-denominated bonds trading cartel
Shell Energy fined £1.4m by Ofcom for consumer protection breaches
Italy's antitrust agency fines energy companies for aggressive billing
New Jersey duo defrauded investors and mortgage lenders through $2.5 million investment scam
SEC charges Royal Bank of Canada with internal accounting controls violations
 

Magazine

TRAVEL

Mushrooms of all kinds will be featured at Autumn Bio Festival in Portugal

Festive winter fun in and around Hannover
Premier Australian motoring event returns this weekend
Yummy cake and bake show in London with great prizes
Tuileries Garden Christmas, magic of Christmas in Paris
Museum of the Moon to welcome all science fans in Larnaca
 

SEA, LAND, AIR

Chevrolet Tahoe and Suburban come with new look

Chinese HiPhi revealed electric sedan, too bad it can't be trusted
New 2025 Ram 1500, Hurricane 3L and 420 horsepower
Gulfstream G700 business jet to fly 14,353 kilometers
Beneteau First, slender mainsail and generously sized foresails
Porsche launches speedboat with 400 kW
 

DESIGN

Hollywood Regency, the style that's always in

Filippo Loreti, premium Italian timepieces for adventurous gentlemen
Creative furniture that redefines the meaning of sofa
Perfect ovens for perfect pizza at home
Designer radiators, focal point that heats your room
What to do and what not to do when designing your living room
 

GADGETS

Motorola g family smartphones bring something for everyone

Focal Shape 65 monitor, loudspeakers for home or professional studio
NAD C 268 stereo power amplifier, multipurpose workhorse
DeVore Fidelity Orangutan O/Reference, €90,000 for ultimate sound
Motorola razr, foldable phone that allows you to live your real life
Rogers 65V-1 integrated amplifier delivers remarkable sound made in America
 

HEALTH

Argentina records hundreds of Trichinella cases

Loss of auditory nerve fibers uncovered in individuals with tinnitus
Netherlands sees alarming surge in pneumonia among children, China disinfecting schools
Pocket sized DNA sequencers track malaria drug resistance in Ghana in near real time
Novavax's updated COVID-19 vaccine now option for all 194 WHO member states
Japan trials over the counter sales of 'morning after' pill
 

MEANTIME

Astronomers spot giant stream of stars between galaxies

Six exoplanets discovered in synchronised dance
Earth braces for geomagnetic storm on November 30 after two powerful solar flares
Frozen food temperatures changed by just three degrees to save CO2 emissions
Groundbreaking method to match celestial objects across telescopes
Moscow Veterinary Academy celebrates birthday of Russia’s first puppy born to surrogate mother dog