Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Photo: Norwegian Seafood Council

Current Market Situation for Norwegian King and Snow Crabs

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

The quota cut affects the export of king crab

  • Norway exported 588 tonnes of king crab worth NOK 288 million in the third quarter
  • The value fell by NOK 130 million, or 31 per cent, compared with the third quarter last year
  • Volume fell by 35 per cent
  • The US, Hong Kong SAR and Vietnam were the largest markets for king crab in the third quarter
  • The quota reduction of just under 60 per cent means that the export volume of king crab in the third quarter fell by 35 per cent compared with the same period last year

"If it hadn't been for good fishing in the unregulated area, the decline would have been even greater. In the third quarter, the supply from the unregulated area was actually, greater than from quota-regulated fishing," says Josefine Voraa, Head of Shellfish with the Norwegian Seafood Council

USA is Norway's most important market

  • The US market accounted for 41 per cent of total exports in the third quarter, with an export volume of 239 tonnes and a value of NOK 119 million.
  • The total decline to the US is just over 15 per cent in volume, even though the decline in catches of king crab has fallen by 48 per cent so far this year.

"With Russia out of the US market and only a small quota in Alaska, the US remains the most important market for both live and frozen Norwegian king crab," says Josefine Voraa.

Live king crab dominates

Live king crab accounted for 73 per cent of the export volume in the third quarter, with 430 tonnes. This is a decrease of 36 per cent compared with the same period last year.

In terms of value, exports totalled NOK 202 million, which is 32 per cent lower than last year.

King crab exports in September

  • Norway exported 202 tonnes of king crab worth NOK 107 million in September
  • The value fell by NOK 18 million, or 14 per cent, compared with September last year
  • Volume fell by 24 per cent

“In the US and Canada, demand tends to pick up in the autumn and towards the Christmas season in the markets. In September, North America grew by 23 per cent in volume and 31 per cent in value. While Asia, which is flooded with Russian crab, declined by 74 per cent in volume and 78 per cent in value," explains Josefine Voraa.

Low exports of snow crab

  • Norway exported 72 tonnes of snow crab worth NOK 8 million in the third quarter
  • The value fell by NOK 12 million, or 58 per cent, compared with the third quarter last year
  • Volume fell by 61 per cent
  • Japan, the US and China were the largest markets for snow crab in the third quarter

Japan had the highest value growth in the third quarter, with an export value of NOK 4 million, compared with nothing the previous year. The export volume ended at 32 tonnes.

Snow crab exports in September

  • Norway exported 1 tonne of snow crab worth NOK 168,000 in September
  • The value fell by NOK 5 million, or 97 per cent, compared to September last year
  • Volume fell by 99 per cent compared to September last year

Source: Norwegian Seafood Council

[email protected]
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS



Lenguaje
FEATURED EVENTS
  
TOP STORIES
International Market Overview for Norwegian Cod (Fresh, Frozen, Farmed, Salted, Dried)
Norway Good month for fresh cod Norway exported 1,774 tonnes of fresh cod worth NOK 115 million in October The value increased by NOK 3 million, or 3 per cent, compared with the same month last y...
Mathematical Model Reveals How Environmental Factors Influence Salmon Life Choices
Japan Researchers from Tokyo Metropolitan University have developed a mathematical model that illustrates how the evolutionary strategies of organisms are shaped by their environments. Their study focuses o...
Parte de Pesca reveals dangerous background of the Chinese company that plans to land in Santa Cruz
Argentina Santa Cruz Governor Claudio Vidal signed an agreement with Chinese company Hongdong Fisheries Co. Ltd. to invest in modernizing the province's ports and developing fishing infrastructure.   Thi...
Companies from the Los Lagos Region with solutions for aquaculture participated in Aqua Expo Guayaquil 2024
Chile ProChile managed the participation of regional companies to generate new business opportunities and promotional actions for the supply of services in aquaculture and the Ecuadorian shrimp industry. ...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER