Good times for the Norwegian seafood export

fish foodFish food.Photo: VIDAR RUUD / NTB scanpix

So far this year, seafood to 28.8 billion kroner has been exported. That’s an increase of 26 percent compared with the same period in 2015. In April alone, the increase was at 35 percent.

To be sure, slightly less volume of seafood was exported  during the first four months of this year  than in the same period last year, but inflation has meant that the value of exports was 5.9 billion higher.
– This is due to strong demand and high prices for Norwegian seafood, combined with a continued favorable currency situation, communications director Geir Håvard Hanssen in Norwegian Seafood Council says.
Salmon and trout that contribute most to the strong export growth. For salmon the average price has been 56.81 kroner per kilo so far this year, compared to an average price of 41.89 kroner in the same period last year.
Salmon is the species which is by far the most popular abroad and accounts for the 63.3 per cent of the exports, while cod accounts for 12.9 percent of the exports. Trout accounts for 4.5 percent but has risen sharply, by 117 per cent during the first four months compared with the same period in 2015.
– We also see strong numbers for April, with an overall increase of 35 percent. Part of the explanation for it is the early Easter, which means few “red days” in April, compared with last year, says Hanssen.
The salmon alone accounts for NOK 18.2 billion of the total seafood exports at 28.8 billion so far this year.


Source: NTB scanpix / Norway Today