Norway reports record seafood exports in 2017
"2017 was yet another fantastic year for Norwegian seafood exports. The export value increased by 3% and we see a growth in value and volume for overseas markets in Asia and the US. Simultaneously, exports to the EU were unchanged from 2016," says Renate Larsen, Managing Director at the Norwegian Seafood Council.
Of the total value of Norwegian seafood exports in 2017, 72% came from aquaculture, while seafood from the fisheries was responsible for 28%. Measured in volume, the distribution was 40 per cent from aquaculture and 60% from fishing.
From aquaculture, Norwegian fish exports reached 1 million tons worth 67.7 billion kroner (9 billion euros) in 2017, with an increase in value of 2.3 billion kroner or 3.6% compared to 2016. In terms of value, fish exports from aquaculture remained at the same level reported in the previous year.
"An increased salmon price for European consumers has reduced the demand for salmon in Europe. Since Europe is the dominant market for Norwegian salmon, a reduction in salmon sales has a large effect on the export price. This has contributed to lower salmon prices in the last six months of the year," says Larsen.
Norway exported 1.6 million tonnes of seafood from fishing worth NOK 26.8 billion in 2017. This is an increase in value of 628 million kroner (84.3 million euros) or 2.4%, while the volume increased by 170,600 tons or 12% from 2016.
"For whitefish, we see that increased value is due to increased export volume, but there are differences among the species. For example, Norwegian exporters were paid more for most cod products in 2017 compared with 2016," says Larsen.
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