POST Online Media Lite Edition



 

Norwegian seafood exports fall in value in May

Christian Fernsby |
The value of Norwegian seafood exports fell for the second month in a row. In May, Norway exported seafood worth NOK 7.8 billion.

Article continues below



Topics: NORWEGIAN    SEAFOOD   

This represents a reduction of NOK 764 million, or 9 per cent, compared with May last year.

Although there was a fall in value in April and May, seafood exports in January, February and March contributed to an overall growth in export value in 2020. So far this year, seafood exports have been worth NOK 44.6 billion. This is an increase in value of NOK 1.5 billion, or 3 per cent, compared to the same period last year.

Broadly speaking, herring and mackerel account for 2/3 of the value increase so far this year, while salmon and trout account for 1/3 of the value increase.

In May, 85,000 tonnes of salmon were exported to a value of NOK 5.7 billion. This is a 5 per cent reduction in volume, while export value fell by NOK 312 million, or 5 per cent, compared to May last year. The average price for fresh whole salmon in May was NOK 60.65 per kg, compared to NOK 62.13 per kg in May last year. Poland, France and Denmark were the largest markets for Norwegian salmon in May.

So far this year, 419,000 tonnes of salmon have been exported, worth NOK 29.3 billion. The volume is at the same level as last year, while export value has increased by NOK 476 million, or 2 per cent.

In March and April, exports of Norwegian salmon to France declined by 11 and 12 per cent respectively. In May, this negative trend turned, and export volume increased by 4 per cent, to 8,976 tonnes.

In May, 5,400 tonnes of trout were exported with a value of NOK 295 million. Volume increased by 20 per cent, while export value fell by NOK 8 million, or 3 per cent, compared with May last year.

So far this year, 25,200 tonnes of trout have been exported with a value of NOK 1.5 billion. This is an increase in volume of 31 per cent, while the value increased by NOK 156 million, or 12 per cent. Ukraine, the United States and Japan were our largest markets for trout exports in May.

4,400 tonnes of fresh cod were exported with a value of NOK 171 million. This represents an increase in volume of 10 per cent, while export value has increased by NOK 3 million, or 2 per cent, compared to May last year.

So far this year, 34,600 tonnes of fresh cod have been exported, worth NOK 1.6 billion. Export volume has declined by 8 per cent, while value fell by NOK 29 million, or 2 per cent. Denmark, Poland and Sweden were the largest markets for Norwegian fresh cod in May.

In May, 5,400 tonnes of frozen cod were exported to a value of NOK 259 million. There is an increase in volume of 4 per cent, while the value increased by NOK 35 million, or 16 per cent.

So far this year, 34,000 tonnes of frozen cod have been exported to a value of NOK 1.6 billion. There is a 6 per cent reduction in volume, while the value increased by NOK 85 million, or 6 per cent. China, the United Kingdom and France were the largest recipients of frozen cod in May.

In May, France was one of the largest markets for frozen cod. In the period from week 9 to 16, home consumption of prepared cod products increased by 15 per cent in France, compared with the corresponding period in 2019.

4,500 tonnes of clipfish worth NOK 204 million were exported in May. Export volume fell by 30 per cent, while value fell by NOK 163 million, or 44 per cent, compared to May last year.

So far this year, 32,500 tonnes of clipfish have been exported with a value of NOK 1.7 billion. This represents a 10 per cent reduction in volume, while export value remains at the same level as last year. Portugal, the Dominican Republic and Congo-Brazzaville were our most important markets in May.

Brazil is a very important clipfish market for Norway. In May, Norway exported saithe clipfish worth NOK 1.7 million. In comparison, in May 2019, clipfish exports to Brazil amounted to NOK 26 million.

In May, 2,700 tonnes of salt fish were exported with a value of NOK 158 million. Export volume fell by 25 per cent, while export value fell by NOK 53 million, or 25 per cent, compared to May last year.

So far this year, 14,400 tonnes of salted fish have been exported to the value of NOK 905 million. There is an increase in volume of 3 per cent, while the value increased by NOK 107 million, or 13 per cent. Portugal, Spain and Canada were our most important export markets in May.

10,800 tonnes of herring were exported with a value of NOK 151 million in May. There is a 6 per cent reduction in volume, while the value increased by NOK 25 million, or 20 per cent.

So far this year, 134,000 tonnes of herring have been exported with a value of NOK 1.5 billion. There has been an increase in volume of 5 per cent, while export value has increased by NOK 436 million, or 40 per cent. Poland, Belarus and Egypt were the main markets for herring exports in May. In May, 12,800 tonnes of mackerel were exported, worth NOK 239 million. Volume increased by 23 per cent, while value increased by NOK 57 million, or 31 per cent.

So far this year, 108,000 tonnes of mackerel have been exported with a value of NOK 1.9 billion. This is an increase in volume of 50 per cent, while the value increased by NOK 634 million, or 52 per cent. South Korea, Japan and China were the largest export destinations for mackerel in May.

May is traditionally low season for the export of herring and mackerel. Exports of herring normally increase somewhat in June, but the largest spikes in demand come in the fall.

745 tonnes of prawn were exported with a value of NOK 62 million in May. This is a 30 per cent reduction in volume, while export value fell by NOK 28 million, or 31 per cent, from May last year.

So far this year, 4,500 tonnes of prawn have been exported to a value of NOK 368 million. This is a 28 per cent reduction in volume, while the value fell by NOK 83 million, or 18 per cent. Sweden, the Netherlands and Finland were the largest export markets in May.

In a demanding export market for Norwegian seafood, there is one country that stands out positively. The export value of shrimp to China in May is the largest ever measured. There has been a notable increase in frozen and peeled shrimp in particular.

This spring, together with the industry, the Norwegian Seafood Council has launched an investment program to support exporters to the Chinese market for Norwegian shellfish and shrimp.

46 tonnes of king crab were exported to a value of NOK 16 million. This is a 60 per cent reduction in volume, while the value fell by NOK 23 million, or 59 per cent, from May last year.

So far this year, 503 tonnes of king crab have been exported with a value of NOK 171 million. This is a 30 per cent reduction in volume, while export value fell by NOK 52 million, or 23 per cent. South Korea, Hong Kong and Vietnam were the largest markets for Norwegian king crab in May.


What to read next

Norwegian seafood exports slightly down
Norwegian seafood exports fall for first time in 18 months
Norway exported less seafood, earned more

U.S.: Strong storm for west and southwest, heavy snow for Northern Plains and upper midwest

 
A very strong low pressure system currently just offshore of San Francisco Bay will continue to bring high winds, heavy rain, and heavy mountain snow for California and adjacent areas of the Southwest through tonight and Wednesday as the latest in a series of atmospheric rivers impacts the West.
 
 

Latest

Magnitude 5.9 earthquake strikes Valparaiso
Perrigo recalls Gerber Good instant formula in U.S.
City of Chicago announces Community Growers Program
Xi, Putin discuss ramping up supplies of Russian gas

NEWS

Extensive raid underway in Slovenia and Bosnia and Herzegovina on suspicion of money laundering

Strong earthquake hits Afghanistan, felt from Kabul to Tajikistan
5-day quarantine for COVID-19 patients in Slovakia no longer mandatory
China seeking answers a year after fatal plane crash
Ecuador president declares state of emergency following earthquake
Venezuela’s oil minister resigns amid corruption probe
 

BUSINESS

Generic pharmaceuticals market expected to reach $682.9 billion

Drug discovery services market worth $41.3 billion
Moldova resumes using Russian gas
Ukraine to ship 30,000 tonnes of wheat to Yemen, Ethiopia each
Syria earthquakes caused $5.2 billion in damage, 5.5% GDP contraction
Donors’ pledge €7 billion in support of people in Türkiye and Syria
 

Trending Now

Perrigo recalls Gerber Good instant formula in U.S.

U.S.: Strong storm for west and southwest, heavy snow for Northern Plains and upper midwest

Saudi Aramco, DHL sign agreement on new procurement, logistics hub

City of Chicago announces Community Growers Program


POLITICS

California Governor visits Lithium Valley

Czech delegation heads to Taiwan, hopes for chip investments
India to spend $12 billion on airports
New York: March 18-19, 25-26 declared as Maple Weekends
Malaysia postpones foreign worker quota approval, application
Minnesota to provide free school meals to all kids
 

Today We Recommend

Shortage of nurses should be treated as global health emergency


Highlights 

Generic pharmaceuticals market expected to reach $682.9 billion

Drug discovery services market worth $41.3 billion

Foot Locker Q4 income decreased


COMPANIES

Schneider Electric breaks ground on its fifth plant in Hungary, will create hundreds of new jobs

Amazon to lay off 9,000 more employees
Volvo to close Europe bus body plant
CF Industries to purchase Waggaman ammonia production facility in U.S.
Cyber incident in Ferrari
Saudi Aramco, DHL sign agreement on new procurement, logistics hub
 

CAREERS

Vanda Pharmaceuticals appoints Tage Honoré to board

Akhona Qengqe to become KFC Africa’s new general manager
Marlabs appoints Usha Jamadagni as chief delivery officer
Rolls-Royce announces new leadership for Africa
AIG director William G. Jurgensen to retire
Ball Corporation promotes Daniel W. Fisher to chairman
 

ECONOMY

BiH records almost seven percent increase of exports

Hong Kong exports decreased
South Korea's export falls 17.4 pct for first 20 days of March
Bundesbank: German economy to contract further in Q1
Euro area international trade in goods deficit €30.6 bn
Montana’s unemployment rate hits all-time low
 

EARNINGS

Foot Locker Q4 income decreased

FedEx Q3 profit decreases
Revlon Q4 sales $589.8 million
Eastman Kodak Q4 revenues $305 million
Williams-Sonoma Q4 revenue declined 0.6%
G-III Apparel Q3 sales increased 14.2%
 

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

Türkiye's agricultural sector suffers 1.3 bln loss due to earthquake

Hong Kong suspends import of poultry meat and products from Gribskov Municipality, Denmark
South Korea reports African swine fever case
Taiwan reports first domestic H9N2 avian influenza case
Industry will allocate some $327,000 to assist producers affected by drought in Uruguay
Hardly fewer dairy cows, but smaller pig herd in Netherlands in 2022
 

LEADERSHIP

Success of working from home depends on company health

Consumers less likely to support brands with unconventional spellings
HR practices have both positive and negative effects on employee mental health
CEO education is no guarantee of stock market success
How remote work affects managers
Incoming CEO's political views may drive director departure in firm
 

CRIME

Poland: UOKIK fines Merida Polska $573,000

SEC charges DXC Technology for misleading non-GAAP disclosures
Investigation leads to takedown of darknet cryptocurrency mixer that processed over $3b of unlawful transactions
Chicago reaches $23.8m settlement agreement with e-cigarette maker Juul Labs
SEC charges Blackbaud for misleading disclosures about ransomware attack that impacted charitable donors
Former Goldman Sachs investment banker sentenced in $2.7b bribery and money laundering scheme
 

Magazine

TRAVEL

Five day street food festival in Mangaluru brings Indian food to city

Qatar International Food Festival is back
Me Auld Flower food and drink festival coming to Dublin for St Patrick's Day weekend
Ten days of Winter Festival, a time travel back to end of 18th century Norway
Strong Beer Fest in Munich invites visitors to taste potent brews
Food world gathers for Melbourne Food and Wine Festival this March
 

SEA, LAND, AIR

First GMC Sierra EV, power source on wheels

Ford Puma ST Powershift, most powerful 1.0‑litre EcoBoost engine
Toyota launches new Prius PHEV in Japan
Ariel Atom, serious motor sport or ultimate fun
ABT XNH, camper for those who want to expand their horizons
Lamborghini Invencible and Autentica, farewell to V12
 

DESIGN

Juliska tableware, collections for every occasion

Wool coats, a timeless fashion investment
Venetto bedding, creating a beautiful bedroom space
Bed headboards, sleep like a king
Great rugs for generations responsibly made
Curved sofas, elegant and gentle
 

GADGETS

New Cherry microphones for professional sound quality

Mobile Fidelity UltraDeck turntable, extreme pursuit of highest level of reproduction
Nokia G22, good smartphone you can fix yourself
NAD C 3050 LE amplifier, a classic reinvented
Asus Zenbook S 13 OLED, ultralighta and powerful laptop with OLED display
Dynaudio Confidence means pure performance
 

HEALTH

Shortage of nurses should be treated as global health emergency

WHO accuses China Of withholding data on COVID-19 origins after report about raccoon dogs
Wyoming first U.S. state to outlaw abortion pills
Tanzania launches investigations as strange disease kills 5 people
WHO sees COVID posing similar threat to flu this year
New VEXAS syndrome identified in Portugal
 

MEANTIME

Missouri ordered to reduce pollution levels

Brazilian researchers discover terrifying rocks made up of plastic debris
Glacier found near Mars equator
Neolithic farmers reduced lactose in milk
Webb captures rarely seen prelude to supernova
Arctic climate modeling too conservative