Norwegian salmon farmers broke records during H1 2018. Seafood analyst Paul T. Aandahl explains what has driven this value growth and provides guidance on further growth scenarios for Norwegian salmon for the remainder of 2018.
Never before have Norwegian seafood exports reached the record levels achieved during the first half of 2018. EU markets have seen strong growth in demand, and this has contributed to record-breaking export values for several species, making the first six months of the year the best ever for Norwegian seafood exports.
Increased demand for responsibly sourced and traceable seafood is the biggest trend in a fresh study on worldwide seafood consumption. The annual study, consisting of over 25,000 respondents around 25 countries across the globe, show that safe and sustainable is the fastest growing reason for purchasing seafood across all countries.
Norway exported 165,000 tonnes of seafood with a total value of NOK 8.5 billion in May. Volumes were down by 11 per cent, while export values were up by NOK 821 million.So far this year, Norway has exported 1.2 million tonnes of seafood worth a value of NOK 40 billion. Export volumes have increased by 12 per cent, while the total export value has grown by NOK 1.6 billion or 4 per cent.
If people swapped even a small proportion of their meat for seafood in their daily diet, an area twice the size of India could be spared, a new study by Norwegian and American scientists has found.
Norway exported 927,000 tonnes of seafood with an export value of NOK 31.5 billion. The volume is the same as last year, and export values have increased by NOK 485 million or 2 per cent, compared with the first four months of 2017. In April, we exported 172,000 tonnes of seafood worth NOK 7.7 billion. The export volume is down 4 per cent, while exports increased by NOK 847 million or 12 per cent.
The very best of Norwegian shellfish will be on everyone’s lips when the gastronomical elite meets in Bilbao for the World’s 50 Best Restaurants awards in June.
Norway exported 676,000 tonnes of seafood with a value of NOK 23.7 billion in the first quarter. This is a volume decline of 8 per cent and a decline of 2 per cent or NOK 488 million compared with the first quarter last year.
Norwegian seafood exports fell by 8 per cent in February Weak February month for seafood exports Codfish shores up seafood exports in February Good weather was also a positive factor for seafood exports Strong month for cod despite overall decline for seafood exports
This week, the Norwegian Prime Minister Erna Solberg met with Prime Minister Shinzo Abe in Tokyo, to honor the unique relationship between Japan and Norway. High on the agenda was how these two ocean nations can work even closer together in the future, and further strengthen mutually beneficial trade relations, also within the seafood category.
Norway exported 198,000 tonnes of seafood worth NOK 7.7 billion in January. An increase in volume of 23,000 tonnes or 13 per cent and a NOK 143 million or 2 per cent rise in value compared with January last year.
Norway exported 2.6 million tonnes of seafood worth NOK 94.5 billion in 2017. This is an increase in value of 3 per cent, or NOK 3 billion, and an increase in volume of 7 per cent from the record year of 2016. This is the equivalent of 36 million meals every day, year round.
The Norwegian Seafood Council works with the Norwegian fisheries and aquaculture industries to develop markets for Norwegian seafood through local market intelligence, market development and reputational risk management. The Seafood Council is headquartered in Tromsø and maintains local representatives in twelve of Norway's most important international markets. The Norwegian seafood industry finances the activities of the Norwegian Seafood Council via a tariff on all Norwegian seafood exports. The Norwegian Seafood Council is a public company owned by the Ministry of Trade, Industry and Fisheries.
Stortorget 1
9008 Tromsø
Norway