Norway is once again experiencing strong seafood exports, both in volume and value, exporting produce worth €1.2 billion in May, an increase of 49% compared with the same period in 2021.
The strong global demand for Norwegian seafood meant that May’s figures were second only to March this year. Increased export prices, primarily for salmon, but also for other species such as trout, cod, saithe, haddock and herring are the main reason for the growth, according to acting chief executive of the Norwegian Seafood Council, Børge Grønbech.
“Throughout 2012, Norwegian seafood exports amounted to NOK 52.1 billion [€5.2 billion],” he said. “We have thus passed this value already after five months in 2022. It shows what an export adventure Norwegian seafood has been in the last ten years.”
“There is no doubt that we live in demanding times,” he continued. “High global food inflation and a limited supply of important fish species from both Norway and other countries are some of the factors that are driving up prices.”
“Both the processing industry, the aquaculture companies and the fleet link have noticed that everything from raw materials to fuel and electricity is increasing in price. An expected rise in interest rates and a fall in real wages in many important markets are also demanding factors,” he added.
