NORWEGIAN EXPORTS OF KING CRAB AND SHRIMP FALL IN OCTOBER

Norwegian exports of king crab and shrimp fall in October. In October, 161 tonnes of king crab were exported by Norway with a value of NOK 50 million. This is a 10 per cent reduction in volume and a NOK 2 million or 4 per cent reduction in export value.

So far this year, 1,800 tonnes of king crab have been exported worth NOK 557 million. This represents a volume growth of 4 per cent, while export value increased by 14 per cent or NOK 66 million. In October, the United States was the largest recipient of king crab.

Norway exported 1,900 tonnes of shrimp worth NOK 112 million in October. This is a 12 per cent reduction, while the value of exports fell by NOK 4 million or 4 per cent.

So far this year, 14,000 tonnes of shrimp have been exported, worth NOK 933 million. There is a 57 per cent increase in volume, while the value increased by 36 per cent or NOK 249 million. The UK and Sweden were the most important shrimp export markets in October.

“Volume growth for Norwegian exports to the UK, which we have seen so far this year, continued in October as well. One of the reasons may be fear of the possible consequences of Brexit”, says Frank Isaksen, Seafood Analyst with the Norwegian Seafood Council.