Norwegian cod exports sets all-time record quarter
Norwegian cod seems to be the best-selled seafood product in the first three months of this year, as Norwegian Seafood Council reported.
"This is the best quarter for cod ever, with a total export value of over NOK 3 billion ($385 million). In particular, clipfish, salted fish and fresh whole cod, in particular, have experienced price increases, with 19%, 12% and 7% respectively. This is due to strong demand in our most important consumer markets, such as Portugal and Spain”, said Ingrid Kristine Pettersen, seafood analyst with the Norwegian Seafood Council.
A strong demand for clipfish in Portuguese market has pushed up the prices with 3% and gave a boost to the industry, even if the volumes were down by 3% compared to the same quarter of 2017. Portugal, Brazil and the Dominican Republic were the main markets for clipfish in the first quarter.
Another category of cod that presented a stronger demand on the foreign market was salted fish, Portugal, Greece and Spain being the main destinations for this type of products. The volume of 8.700 tons of salted fish worth NOK 429 million ($55 million) exported by Norway marks a 4% increase in volume and a 19% increase in value.
Fresh and frozen cod have registered an increase in prices, unusual for this time of year.
Norway exported 32,000 tonnes of fresh cod, including skrei, worth NOK 1.1 billion ($141.2 million) and 22,000 tonnes of frozen cod with a value of NOK 772 million ($99 million) in the first quarter. "Usually we see that the price of fresh whole cod and skrei declines in March, but this year the price has actually increased. Skrei volumes have also increased during the same period”, says Pettersen.
In total, Norway's seafood exports in the first three months of this year were at 676,000 tons (down by 8%) with a value of NOK 23.7 billion ($3 billion), down by 2% compared with first quarter last year.
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