Price increase for cod

Press release -

Price increase for cod

The value of exports of Norwegian codfish in August was NOK 824 million, an increase of NOK 67 million, or 9 per cent, compared to last August. According to figures from the Norwegian Seafood Council, this was accompanied by a decrease in the exported volume of 4 per cent.

“An increase in the global demand for raw materials for the production of fillets and clipfish has contributed to pushing the price for cod upwards,” explains Ove Johansen, Branch Manager for Codfish at the Norwegian Seafood Council.

The value of exports of frozen fish from Norway in August was NOK 322 million, an increase of NOK 62 million compared to last August. The price for whole frozen cod was 21 per cent higher on average in August compared to the same month last year. The greatest growth was in exports to China, but Great Britain, Poland and Portugal have imported more whole frozen cod this year to date than during the same period last year.

The volume of exports of frozen fillets in August totalled NOK 43.2 million, up 12 per cent compared to last August. Exports to Great Britain, which is the largest market for frozen fillets, were down 3 per cent in August.

Clipfish exports up

The value of exports of Norwegian clipfish in August was NOK 298 million. This is an increase of NOK 25 million compared to last August. Exports in August totalled 8,403 tonnes, down 349 tonnes compared to last August.

The value of exports of clipfish made from Atlantic cod was NOK 128 million, down NOK 17 million from last year. The value of exports of Norwegian clipfish made from saithe in August was NOK 130 million. This is an increase of NOK 31 million compared to last August.  

The largest single market for clipfish in August was Brazil. Exports of clipfish to Brazil totalled NOK 96 million, up NOK 28 million from last August.

Good price for salted fish

The volume of exports of salted fish, both whole and fillet, in August totalled NOK 22 million, an increase of 25 per cent compared to last August. Measured in volume, exports totalled 690 tonnes, down 50 per cent. Measured in Norwegian crowns, the price increased by 49 per cent. Measured in euros, the price increased by 46 per cent. Portugal is the biggest market for salted fish and bought 67 per cent of all Norwegian salted fish in August.

Exports of stockfish down

The value of exports of Norwegian stockfish in August was NOK 47 million. This is a decrease of 13 per cent compared to last August. The exported volume dropped from 547 to 504 tonnes, a decrease of 8 per cent.

The value of exports of Norwegian cod stockfish from Lofoten in August was NOK 31.2 million, down 21 per cent from last August. Measured in volumes, exports of Norwegian cod stockfish from Lofoten were down 16 per cent, to a total of 318 tonnes.

The value of exports of Norwegian cod stockfish from Lofoten in August was NOK 19.6 million, down 27 per cent from last August. The average price in August increased by 0.5 per cent per kilo. Nigeria imported NOK 88.5 million of dried fish, a decrease of 1 per cent.  

Less fresh fish

The value of exports of fresh codfish products from fishing in August was NOK 128 million, down 3 per cent from last August.

Measured in volume, total exports of fresh whole cod in August totalled 1,090 tonnes, down 10 per cent from last August. Measured in Norwegian crowns, the price increased in August by 13 per cent, or NOK 2.88. Measured in euros, the increase was 8.6 per cent compared to last August.

The value of exports of fresh fillet products totalled NOK 24 million in August, a decrease of NOK 8 million. The price increased by an average of 23 per cent.


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The Norwegian Seafood Council is a joint marketing organisation for the Norwegian seafood industry and invests NOK 495 million annually in the development of markets for Norwegian seafood products. The council has its head office in Tromsø and offices in thirteen of Norway’s most important seafood markets. The Norwegian seafood industry finances the activities of the council through fees levied on all exports of Norwegian seafood.

The Norwegian Seafood Council is a public company owned by the Ministry of Trade, Industry and Fisheries.

Contacts

Martin Skaug

Martin Skaug

Press contact Communications director +47 915 59 902
Dag Sørli

Dag Sørli

Press contact PR Manager PR & Kommunikasjon +47 970 16 311

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Proudly representing Seafood from Norway

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.

Norwegian Seafood Council

Stortorget 1
9008 Tromsø
Norway

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