INCREASE IN VALUE FOR NORWEGIAN COD EXPORTS

Increase in value for Norwegian cod exports. Norway exported 2,900 tonnes of fresh cod, including fillet, worth NOK 141 million in November. This is a 6 per cent increase in volume and a value increase of 22 per cent or NOK 26 million when measured against November 2018.

So far this year, Norway has exported 49,200 tonnes of fresh cod, including fillets, worth NOK 2.2 billion. This is a 20 per cent reduction in volume and a decline of 4 per cent or NOK 87 million from the same period last year. Denmark and Sweden were the largest markets for fresh cod in November.

“Both in October and November of this year, the volumes of fresh whole and fresh fillet has been larger compared to the same period last year. This is due to an increase in catches, which has been higher outside of the season,” says Ingrid K. Pettersen, seafood analyst with the Norwegian Seafood Council.

Norway exported 7,300 tonnes of frozen cod, including fillet, for NOK 309 million in November. The volume increased by 13 per cent, and the value increased by 14 per cent or NOK 39 million compared to November last year.

So far this year, Norway has exported 65,200 tonnes of frozen cod, including fillets, for NOK 2.8 billion. This is a volume increase of 2 per cent, while value has grown by 15 per cent or NOK 354 million from the same period in 2018. The UK and China and were the largest markets for frozen cod in November.

“With regards to frozen cod, both whole and fillet, the value has increased so far this year. The increase in value for fillet is due to higher prices, since volumes have dropped. Frozen, whole cod have seen an increase in both prices and volume. The UK market is responsible for the largest part of the growth in volume, due to increased inventory and increased consumer demand, “says Ingrid K. Pettersen at the Norwegian Seafood Council.

Meanwhile, Norway exported 8,900 tonnes of whole clipfish (salted and dried cod) worth NOK 533 million in November. This is a 7 per cent decrease in volume, and a value increase of NOK 65 million or 14 per cent from November last year.

So far this year, Norway has exported 85,400 tonnes of clipfish for NOK 4.4 billion. This is a 1 per cent increase in volume and a 12 per cent increase in value, or NOK 492 million from the same period last year. Portugal and Brazil were the largest clipfish markets in November.

Norway exported 1,700 tonnes of salted fish for NOK 86 million in November. This is a 31 per cent increase in volume and a value increase of 42 per cent or NOK 25 million from November last year.

So far this year, Norway has exported 22,600 tonnes of salted fish for NOK 1.2 billion. This is a 19 per cent decrease in volume and a 10 per cent decline in value, or NOK 136 million compared to the November 2018. Portugal and Italy were the largest salted fish markets in November.

Norway exported 655 tonnes of stockfish (dried cod) for NOK 135 million in November. This is a 9 per cent reduction in volume but a value increase of 18 per cent or NOK 21 million compared with November last year.

So far this year, Norway has exported 4,285 tonnes of stockfish worth NOK 792 million. This is a volume decrease of 10 per cent, and a value increase of 15 per cent or NOK 102 million compared with the same period last year. Croatia and Italy were the largest markets for stockfish in November.