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Cold-water prawns rich in protein, vitamins A, D, E and B12, calcium and selenium Photo: Norwegian Seafood Council/FIS

Highest value growth for raw, frozen industrial coldwater prawns

Click on the flag for more information about Norway NORWAY
Monday, October 07, 2024, 00:10 (GMT + 9)

Raw, frozen industrial prawns accounted for 56 per cent of the export volume in the third quarter. It is therefore the product with the highest volume growth, with an export volume of 6,409 tonnes.

“This is 5,288 tonnes more than in the third quarter of last year. The value of exports is NOK 137 million, an increase of 494 per cent compared with the same period last year," explains Josefine Voraa, Head of Shellfish with the Norwegian Seafood Council

Iceland and Canada top the export charts

Iceland and Canada are the largest recipients of industrial prawns, both in the third quarter and so far this year.

"While Iceland has been a major importer of raw materials from Norway for many years due to low self-catch, Canada, as one of the largest catching nations for cold-water prawns, has faced challenges in obtaining enough raw materials for its onshore industry," explains Josefine Voraa.

So far this year, more than 6,098 tonnes of industrial prawns have been exported to Canada, and in the third quarter alone 2,438 tonnes were exported.

<-- Photo: DOM International Limited (Canada)

China was the largest growth market

"In addition to increased landings of raw, frozen prawns, the proportion that is cooked and frozen on board vessels in the Barents Sea has increased significantly. This has contributed to a historically strong third quarter for frozen, cooked shell prawns, with exports of 2,517 tonnes, worth NOK 108 million," explains Voraa.

Measured in terms of export value, China was the largest growth market in the third quarter with an export value of NOK 21.6 million. This is 56 per cent higher than in the same period last year. In terms of volume, exports totalled 481 tonnes.

So far this year, 26,537 tonnes of prawns have been exported with a value of NOK 1.23 billion. This is 11,641 tonnes more than at the same time last year.

Prawn exports in September

  • Norway exported 4,000 tonnes of prawns worth NOK 173 million in September
  • The value increased by NOK 53 million, or 44 per cent, compared with September last year
  • This is a growth in volume of 66 per cent

Source: Norwegian Seafood Council

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