Strong September secures solid quarter for Norwegian seafood exports

In the third quarter, Norway's seafood exports reached a record NOK 44.1 billion, driven by high volumes of salmon, trout, mackerel, and prawns, despite challenges like increased costs for salmon producers and quota reductions for certain species. Salmon exports alone were valued at NOK 31.8 billion, with Germany showing significant growth. Farmed cod exports reached a historic high, while frozen cod and clipfish exports declined. Mackerel exports surged due to strong demand in Asian markets, while king and snow crab exports fell sharply. Prawn exports saw a remarkable increase, particularly in raw, frozen industrial prawns, with Iceland, Canada, and China as key markets. Overall, the export landscape showed mixed results, with notable growth in some areas and declines in others.

Norway exported seafood worth NOK 44.1 billion in the third quarter. This is an increase of NOK 2.2 billion, or 5 per cent, compared with the same period last year.“Thanks to a historically high export value in September, we have put behind us the best third quarter ever. This time there is virtually no currency effect from a weak Norwegian krone, since we are comparing with the same period last year. High volumes of salmon, trout, mackerel and prawns are driving up the export value," says Christian Chramer, CEO of the Norwegian Seafood Council.Aquaculture compensates for quota reductionsSo far this year, Norway has exported seafood worth NOK 124.7 billion. This is an increase of NOK 626 million, or 1 per cent, compared with the same period last year.“2024 has been characterised by quota reductions for herring, king crab, mackerel and cod. This is an important and necessary measure to ensure continued sustainable fish stocks, but has naturally resulted in lower export volumes. The ...