NORWEGIAN FROZEN COD EXPORT RISES
Norwegian frozen cod export rises – In April, Norway exported 8,700 tonnes of fresh cod, including skrei (a seasonally caught premium cod), with a value of NOK 362 million.
This is a decrease in volume of 7 per cent but an increase in value of NOK 15 million or 4 per cent from April last year. So far this year, 33,900 tonnes of fresh cod, including scrap, have been exported with a value of NOK 1.4 billion. This is represents a reduction in volume of 20 per cent, while the value fell by NOK 78 million or 5 per cent. Of this, skrei represents 6,400 tonnes, which is an increase of 27 per cent, and an export value of NOK 285 million, which represents an increase of NOK 88 million or 45 per cent. Poland, Denmark and the Netherlands are the largest export markets for fresh cod in April.
“In recent years, skrei exports have remained stable at around 5,000 tonnes a year, and this is during a period when quotas for cod have declined. This year’s skrei season has been historically notable, with a growth in volume of almost 30 per cent, matched by record high prices. The market development work that the Norwegian seafood industry has been committed to is bearing fruit, and is something we can all be proud of”, says Ingrid K. Pettersen, a seafood analyst with the Norwegian Seafood Council.
In April, 5,900 tonnes of frozen cod were exported at a value of NOK 253 million. This is an increase in volume of 17 per cent and an increase in value of NOK 76 million or 43 per cent. So far this year, 31,000 tonnes of frozen cod have been exported to a value of NOK 1.3 billion. This is an increase in volume of 16 per cent, while the value increased by NOK 362 million or 38 per cent. China, the United Kingdom and France were the largest export markets for frozen cod in February.
“In 2018, we saw a weak price development for cod fillet products, while this year we see a considerable price increase for all fillet products from cod,” says Ingrid K. Pettersen.
In April, 4,800 tonnes of clipfish (cod that has been salted and dried) were exported with a value of NOK 231 million. Within this figure, volumes fell by 27 per cent, and export value fell by NOK 77 million or 25 per cent compared to April last year. So far this year, 29,800 tonnes of clipfish have been exported to a value of NOK 1.3 billion. This is an increase in volume of 8 per cent, while export value increased by NOK 77 million or 6 per cent. Portugal, the Dominican Republic and Congo-Brazzaville were the main export markets in April.
“So far this year there has been a growth in volume, driven by saithe clipfish. The decline for cod in April may be due to reduced quotas and catches. Furthermore, we see that the price for clipfish of cod continues to rise”, says Ingrid K. Pettersen.
In February, 4,000 tonnes of salted fish were exported at a value of NOK 231 million. Export volumes fell by 12 per cent while export value increased by NOK 2 million or 1 per cent compared with April last year. So far this year, 10,500 tonnes of salted fish have been exported at a value of NOK 587 million. This is a decrease in volume of 20 per cent while the value fell by NOK 68 million or 10 per cent. Portugal, Spain and Tunisia were the main exports markets in April.
“The downward trend in exports of whole cod fish continues in April. There has been less available raw material and high first hand prices, which leads to lower production levels”, says Ingrid K. Pettersen.