Photo: courtesy Ervik Seafood AS.

Norwegian cold water prawn market situation Q1 2024

NORWAY
Wednesday, April 10, 2024, 07:10 (GMT + 9)

Growth in volume and value for prawn

• Norway exported 4,340 tonnes of prawn worth NOK 286 million in the first quarter.
• The value increased by NOK 15 million, or 5 per cent, compared to the first quarter last year.
• This is a growth in volume of 6 per cent.
• Sweden, Denmark, and the UK were the largest markets for prawn in the first quarter.

In the first quarter, frozen peeled prawn were the largest product in terms of value. There was a 27 per cent decrease in the export value of frozen peeled prawn in packs of more than 2 kg, which mainly go to the UK and large-scale catering in Sweden.

Sweden is the largest market

“However, there has been a 7 per cent increase in exports of frozen peeled prawn in packs of less than 2 kg, which have mostly gone to retailers in Sweden," says Marte Sofie Danielsen, Head of Shellfish at the Norwegian Seafood Council.

Sweden was the largest market for Norwegian prawn in the first quarter, with an export value of NOK 77 million. This is a decrease of 7 per cent, which is due to lower volumes in total, but also lower prices for frozen peeled prawn.

The production and export of frozen cooked shell-on prawn continues to increase.

“The biggest growth in value is for frozen cooked shell-on prawn, with an increase of 505 per cent compared to the first quarter last year. In total, frozen, cooked shell-on prawn were exported to a value of NOK 84.8 million in the first quarter," says Danielsen.

Denmark has the strongest growth

In the first quarter, the hub market Denmark was the largest market for frozen cooked shell-on prawn.

Because of this, Denmark is also the largest growth market for prawn in the first quarter, with an increase in export value of NOK 31 million, or 139 per cent.

The export volume to Denmark ended at 967 tonnes, which is 104 per cent higher than the first quarter last year.

Prawn exports in March

• Norway exported 1,100 tonnes of prawn worth NOK 89 million in March
• The value fell by NOK 5 million, or 5 per cent, compared to March last year.
• Volume fell by 19 per cent compared to March last year.

Source: Norwegian Seafood Council (translated from original in Norwegian)

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