Norway has exported 2.7 million tonnes of seafood and so it reached a new record of NOK 99 billion (USD 11.48 billion) in 2018. This means an increased volume of 4 per cent and an increased value of 5 per cent, or NOK 4.6 billion compared to 2017.
"Norway exported seafood at record levels totalling NOK 99 billion in 2018. Although we did not pass the magical NOK 100 billion marker, this has been another good year for Norwegian seafood exports. In summary, records were broken for Norwegian seafood, both in terms of export value and export volume in 2018," said Renate Larsen, CEO of the Norwegian Seafood Council.
"This despite Brexit, the threat of trade wars and other challenges that have together created unpredictability in the world market. Seafood exports to the EU market have increased due to lower competition and a favourable currency situation against the euro. We see a decline in seafood exports to Asia, as a result of increased competition and continued challenging market access to China," he added.
The value of Norwegian seafood exports has increased by 156 per cent over the past 10 years.
The relationship between aquaculture and fisheries has had not significant change since 2017. Aquaculture represents 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 represents 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 means an increase of 2 per cent by volume, and NOK 1.2 billion or 4 per cent by value compared to 2017.
“Once again, a new record has been set for Norwegian seafood exports. We have every reason to be proud of that. This is a good and significant result for the Norwegian economy. The seafood industry contributes to value creation and jobs across the country,” said Fisheries Minister Harald Tom Nesvik.
“While the value of exports has increased by 60 per cent over the past five years, the volume has increased by almost 10 per cent. Greater volume growth is therefore highly desirable in order to develop the industry further. Our goal is for the industry to continue to grow, and as Minister for Fisheries, I work towards this goal every single day,” Nesvik added.
For his part, Paul T. Aandahl, Seafood Analyst at the Norwegian Seafood Council, said: “In 2018, record export values were measured for salmon, cod, saithe and king crab. We observe a trend that Norwegian seafood is often imported to another country for processing before distribution to its final consumer market. Typical transit or processing markets for Norwegian seafood are Poland, Denmark and the Netherlands.”
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 represents 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 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 in volume against 2017 figures, but an increase in value of 4 per cent compared to last year.
productos del mar noruegos son Polonia, Dinamarca y los Países Bajos".
A salmon farm in Norway.
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 7 per cent compared to 2017.
Herring suffered 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 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 12 per cent compared to 2017.
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(NORWAY, 1/8/2019)
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