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Norwegian seafood exports grow 5% to $11.5 billion in 2018

Staff Writer |
Norway has exported 2.7 million tonnes of seafood to reach a new record of NOK 99 billion in 2018.

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This represents a volume increase of 4 per cent and a value increase of 5 per cent, or NOK 4.6 billion compared to 2017. This equates to 37 million meals of seafood every day of 2018, or 25,700 meals per minute.

Over the past 10 years, the value of Norwegian seafood exports has increased by 156 per cent.

The relationship between aquaculture and fisheries has changed little since 2017. Aquaculture accounts for 72 per cent of export value, and 40.5 per cent of the volume of total seafood exports for 2018.

Norway has exported 1.1 million tonnes of aquaculture fish with a value of NOK 71 billion in 2018. Volume has increased by 5 per cent, while the export value has increased by NOK 3.4 billion or 5 per cent from 2017.

Fisheries account for 28 per cent by value, and 59.5 per cent by volume. Norway exported 1.6 million tonnes of fish and shellfish with a total value of NOK 28 billion in 2018. This is an increase of 2 per cent by volume, and NOK 1.2 billion or 4 per cent by value compared to 2017.

Salmon has the largest share of any species measured in terms of both export volume and export value. Norway has exported 1.1 million tonnes of salmon worth NOK 67.8 billion in 2018. This is a volume increase of 5 per cent, and an increase in value of NOK 3.2 billion or 5 per cent from 2017.

Trout is the second most significant exported farmed species. Norway has exported 46,400 tonnes of trout worth NOK 3 billion in 2018. This is an increase of 16 per cent by volume, and NOK 127 million or 5 per cent by value compared to 2017.

For caught fish, cod is the largest species measured by value. Norway has exported 197,000 tonnes of cod worth NOK 9.4 billion in 2018. This is a decrease of 9 per cent against 2017 figures, but an increase in value of NOK 322 million or 4 per cent compared to last year.

Mackerel is the second largest caught species. Norway has exported 255,000 tonnes of mackerel worth some NOK 3.8 billion in 2018. This represents a volume decline of 24 per cent, while export value fell by NOK 300 million or 7 per cent compared to 2017.

Herring have seen lower prices in 2018. Norway has exported 292,000 tonnes of herring worth NOK 2.6 billion in 2018. Volume remained at the same level as 2017, while export value fell by NOK 173 million or 6 per cent compared to the previous year.

Sei is the second largest species within the white fish category. Norway has exported 106,000 tonnes of saithe to a value of NOK 2.1 billion in 2018. This represents a volume increase of 27 per cent, while the export value has increased by NOK 106 million or 12 per cent compared to 2017.

Haddock is the third most important species in the white fish category. Norway exported 62,000 tonnes of haddock worth NOK 1.7 billion in 2018. In volume terms, this is a decrease of 18 per cent, while export value is maintained at the same level as 2017.

Prawns is the most important species in the shellfish category. Norway has exported 10,700 tonnes of shrimp worth NOK 831 million in 2018. Export volume increased by 17 per cent, while the value of exports has increased by NOK 134 million or 19 per cent from 2017.

King crab is the second largest species in the shellfish category. Norway has exported 2,000 tonnes of king crab worth NOK 579 million in 2018. Export volume has increased by 8 per cent, while export value increased by NOK 74 million or 15 per cent compared to 2017.

Price growth for clipfish. Norway has exported 91,600 tonnes of clipfish worth NOK 4.2 billion in 2018. This represents an increase of 3 per cent, while export value increased by NOK 180 million or 4 per cent compared to 2017.

Strong growth for salted fish. Norway has exported 29,000 tonnes of salted fish with a value of NOK 1.4 billion in 2018. This is a volume increase of 3 per cent, while the export value has increased by NOK 169 million or 13 per cent from 2017.

Stockfish have also seen export growth. Norway has exported 5,200 tonnes of stockfish for NOK 749 million in 2018. This is a volume increase of 12 per cent, while the value increased by NOK 76 million or 11 per cent compared to 2017.

The proportion of exported herring that is processed is increasing. In 2018, 45 per cent of Norwegian herring exports were processed, while 55 per cent were exported unprocessed. In 2017, 42 per cent of Norwegian herring was processed.


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