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    Home > Food News > Food Articles > Norwegian seafood exports hit another record in October, with total exports expected to exceed NOK 150 billion this year

    Norwegian seafood exports hit another record in October, with total exports expected to exceed NOK 150 billion this year

    • Last Update: 2022-11-14
    • Source: Internet
    • Author: User
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    In the first 10 months of the year, total Norwegian seafood exports exceeded the whole of last year, with October reaching a record
    high.
     
    According to the Norwegian Seafood Board (NSC), Norwegian seafood exports reached NOK 15.
    4 billion in October, up 27% from the same period last year and setting a record for single-month exports on record
    .
     
    Christian Chramer, CEO of NSC, said: "Norwegian seafood exports experienced a historic increase in October, with NOK 15 billion being a solid record, meaning we export as much as NOK 500 million per day, which is an ambitious figure that shows how important
    the seafood industry is to Norway.
     
    In the first 10 months of this year, Norwegian seafood exports reached NOK 123.
    9 billion, an increase of NOK
    27.
    1 billion compared to the same period in 2021.
     
    "With a positive growth trend in the last two months of the year, Norwegian seafood exports will exceed NOK 150 billion in 2022, which will mean a nearly threefold increase in exports in 10 years
    , which is very impressive.
    " Chramer said
    .
     
    NSC data shows that exports of salmon, trout, true cod, haddock and cold-water shrimp all set annual records, but Chramer said
    : "We live in turbulent times, with high food inflation, fierce competition in the global protein industry and historically high seafood prices in Norway.
    In addition, the weakening of the Norwegian krone in October also helped boost exports, with Norwegian product prices appearing higher
    .
    At the same time, seafood consumption has declined in some countries, and the catering market is facing severe challenges, casting a shadow
    over the future prospects.
     
    In October, Norway exported 133,105 tonnes of salmon, up 5% year-on-year, and NOK 10.
    6 billion, up 34%
    year-on-year.
     
    NSC analyst Paul Aandahl said: "The increase in salmon exports was mainly driven by higher prices, in addition to the increase in salmon exports, the depreciation of the Norwegian krona and the development of the Norwegian salmon processing industry did not contribute positively to the export growth, with the proportion of fillet rising slightly from 14% to 15%
    in October.
     
    Poland remains the largest salmon market in terms of export volume, with sales reaching 23,460 tonnes, up 9% year-on-year; Sales increased by 41 percent
    to NOK 472 million.
    Sales in the US followed by NOK 458 million, up 86% year-on-year, mainly due to strong US dollar exchange rates and rising
    demand.
     
    NSC U.
    S.
    director Anne-Kristine Oen said that the pandemic has driven a shift in the lifestyle of American consumers and people are more focused on healthy eating, and the survey results show that 29% of residents want to reduce their consumption of red meat and need to replace it with other delicious and businessable proteins, and Norwegian salmon is very much in line with this trend
    .
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