NORWEGIAN PRAWN AND KING CRAB EXPORTS RISE
Norwegian prawn and king crab exports rise.
Prawns are Norway’s most important shellfish species for export, and 2019, exports were 16,100 tonnes and NOK 1.1 billion in value, according to the latest figures. Volume was up 50 per cent while export value increased by NOK 255 million or 31 per cent against 2018.
“There has been a big increase in the catch of prawns in the Barents Sea this year, and this has probably contributed to putting some pressure on prices. Other countries than Norway have contributed most to the increases in prawns supply. Prices in 2019 measured in EUR have been somewhat lower than the previous year, and there has also been a price decline when measured in Norwegian kroner”, says Frank Isaksen of the Norwegian Seafood Council.
King crab is our second most valuable shellfish species. King crab exports in 2019 were 2,000 tonnes, and NOK 642 million by value. Volume increased by 3 per cent while value increased by NOK 64 million or 11 per cent measured against 2018.
“There have been relatively stable prices measured in US dollars for king crab, and the value increase is largely due to a weaker Norwegian krone”, says Frank Isaksen.
“There have also been relatively stable prices of snow crab exports measured in US dollars. There has been an increase in the export of snow crabs in 2019, and increased profitability is reported by industry. The increased profitability bodes well for further investment in this species”, says Isaksen.