In comparison to the same month previous year, Norway’s exports of seafood increased by NOK2.3bn, or 19%, to total NOK14.4bn.
Norway has exported fish worth NOK138bn so far this year. NOK 29.2bn more than during the same time previous year.
Nearly NOK3bn of the NOK14.4bn in seafood exports in November was attributable to higher pricing. Salmon, trout, pollock, and cod all had strong months, setting new records for exports when compared to November of the previous year.
Many types of seafood were exported in November in smaller quantities than in November of the previous year, which reduced earnings by about NOK900m.
By the end of 2022, seafood exports will surpass NOK150bn if this year’s robust value growth continues. Salmon, which made about 70% of November’s overall export value, is mostly to blame.
“The export value in November is the third highest ever in a single month and confirms that Norwegian seafood still has a strong global position. Nevertheless, the increase in demand is not taken out in greater volume but in higher prices. In general, we have high food inflation and increased costs, which drive up prices throughout the value chain”, says Christian Chramer, CEO of the Norwegian Seafood Council.