It is a continuing picture with Norwegian seafood, with the value of exports once again increasing thanks mainly to a weak Krone.
Indeed, when exports are measured in euros, the value of some species has plateaued or even fallen.
“The increase in value this month is also primarily due to a weak Norwegian krone, although our currency strengthened somewhat in July,” said Christian Chramer, managing director of the Norwegian Seafood Council.
The value for the first seven months of this year has increased by 16% year-on-year to NOK94.4 billion (€8.43 billion).
In July, Norway exported seafood worth NOK12.4 billion (€1.11 billion), an increase of 8% compared to last year.
“There has been a price increase for products such as fresh salmon fillets, cod clipfish and frozen whole mackerel, and this contributes to a very positive July. At the same time, we exported somewhat less cod, saithe and herring than last year,” continued Chramer.
For several products, price growth measured in foreign currency has stopped. Measured in euros, the export price of fresh whole salmon is the same as 12 months ago, while the export price of fresh whole trout is as much as 28% lower than in July last year.
Although seafood was exported to 106 countries in July, this is six fewer than in July 2022. The largest markets for Norwegian seafood exports in July were Poland, Denmark, and the USA.
