For all the latest industry news, markets and jobs in aquaculture
Norway’s seafood exports for November totalled NOK 16.7 billion (£1.2bn), 17% up on November last year.
Again farmed salmon was the main driver in this seemingly never-ending overseas sales surge.
So far this year, Norway has exported seafood worth NOK 158.2 billion (£11.5bn) 15% up over the same period in 2022.
The decline in the value of the krone has been quite marked. Today it is worth NOK 13.7 against sterling compared with NOK 11.25 against March last year, its strongest point.
Christian Chramer, CEO of the Norwegian Seafood Council said: “This year, the value will end at over NOK 170 billion (£1.24bn) , for which we can largely thank the weak Norwegian krone.
“The euro, which is our most important trading currency, has strengthened by 14% against the Norwegian krone in the past year.”
Chramer said November was a particularly good month for salmon.
“Increased volume and higher prices compared to the same period last year testify that there is an increase in demand in the market”, he added.
Norway’s salmon farmers exported fish worth NOK 11.7bn (£854m) last month, up 18% on a year ago. Poland, France and the Netherlands were the main markets last month.
Poland, which is Europe’s largest salmon processing country, had the greatest rise with an increase in export value of NOK 568 million (£41.4m) , or 43% compared to November last year. In volume terms sales were 20% higher at 22,887 tonnes.
The Seafood Council said there were three reasons for the increase – volume, currency factors and price factors out in the markets.
Seafood Council analyst and salmon expert Paul T. Aandahl said: “Price increases at the same time as volume growth show that there is still growth in demand for salmon compared to the same period last year.”
Click here to sign up
We at Fish Farmer Magazine endeavor to ensure that all our reports are fair and accurate and comply with the Editors’ Code of Practice set by the Independent Press Standards Organisation (IPSO). We realise, however, that mistakes happen from time to time. If you think we have made a significant mistake and you wish to discuss this with us, please let us know as soon as possible by any of the three methods: emailing; telephoning the editor on 0131 551 7904; writing to the Editor at Fish Farmer Magazine, 496 Ferry Road, Edinburgh, EH5 2DL. We will attempt to resolve your issue in a timeous, reasonable and amicable manner. However, if you are unsatisfied with our response, you can contact IPSO, which will investigate the matter. You can either telephone IPSO on 0300 123 2220 or email IPSO is an independent body which deals with complaints from the public about the editorial content of newspapers and magazines. We will abide by the decision of IPSO.