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Seafood

RISES FOR NORWEGIAN KING CRAB AND PRAWN EXPORTS

RISES FOR NORWEGIAN KING CRAB AND PRAWN EXPORTS

Rises for Norwegian king crab and prawn exports. Norway exported 522 tonnes of king crab with a value of NOK 159 million in the first quarter of 2019. This is an increase in volume of 17 per cent, while the value increased by NOK 34 million or 27 per cent. South Korea, the United States and Spain were the largest recipients of king crab in the first quarter.

“South Korean consumers has a long standing tradition of a mix between frozen, fresh and live seafood. South Korea has a vast array of seafood specialized restaurants with facilities for live seafood storage, and most of the king crab is eaten in restaurants here. The demand for Norwegian seafood is strong, both in general and for the king crab, with the latter having an increasing market share here”, says Country Director of South Korea, Gunvar Wie, with the Norwegian Seafood Council.

3,600 tonnes of prawns were exported with a value of NOK 269 million. For prawns, the volume increase was 81 per cent, while export value has increased by NOK 104 million or 63 per cent during the first quarter. The largest export markets were Sweden, the UK and Finland.

“The export volumes for Sweden are on a par with last year, while there was considerable growth for both the UK and Finland, both in price and volume. Lower supply globally, especially from Canada, combined with a high global demand explains the increase in prices”, says Ingrid K. Pettersen of the Norwegian Seafood Council.

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