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Fish being put out to dry in Norway. (Photo: Jean Gaumy/ NSEC )

Seafood exports set EUR 5.4 bln-record

Click on the flag for more information about Norway NORWAY
Thursday, January 07, 2010, 03:10 (GMT + 9)

Seafood exports totalled NOK 44.7 billion (EUR 5.4 billion) in 2009, setting a new seafood export record for the sixth year in a row. Compared with 2008, exports grew by NOK 6 billion (EUR 729.5 million), according to the Norwegian Seafood Export Council (NSEC).

The volume of seafood exports totalled 2.6 million tonnes, up by 268,000 tonnes from 2008.

"The demand for Norwegian Seafood in 2009 has exceeded all expectations," commented managing director Terje E Martinussen from NSEC, "and the demand for Norwegian Salmon in particular has contributed significantly to the total value of exports.”

"At the same time, we are seeing that traditional seafood products such as salted fish, clipfish and stockfish of cod are dependent on a small number of dominant markets and are therefore much more susceptible to market fluctuations, which is why 2009 proved a poor year for many players who are dependent on cod," he added.

Exports to France reached NOK 4.7 billion (EUR 571.4 million) in 2009, a jump of NOK 668 million (EUR 81.2 million) compared with 2008. This makes France Norway’s biggest market, followed by Russia with NOK 4.6 billion (EUR 559.3 million), a NOK 662 million (EUR 80.5 million) leap from 2008.

The US showed the most growth in value with a rise of NOK 879 million (EUR 106.9 million). Seafood exports totalled NOK 1.8 billion (EUR 218.8 million), making the US Norway’s ninth major market.

Portugal showed the biggest fall in value, down by NOK 425 million (EUR 51.7 million) to NOK 1.6 billion (EUR 194.5 million). Seafood exports to the European Union (EU) rocketed by NOK 3.2 billion (EUR 389.1 million) to NOK 26.4 billion (EUR 3.2 billion), amounting to 59 per cent of total seafood exports.

Exports of farmed seafood increased by NOK 5.9 billion (EUR 717.3 million) to NOK 26 billion (EUR 3.2 billion), making up 58 per cent of total seafood exports. Of this, Norwegian Salmon accounts for NOK 23.7 billion (EUR 2.9 billion) and Norwegian Fjord Trout NOK 1.9 billion (EUR 231.0 million), new records for both types of fish.

Exports of wild seafood reached NOK 18.7 billion (EUR 2.3 billion) in 2009, slightly higher than in 2008, with exports of capelin, herring, haddock and saithe clipfish setting new records. The value of capelin exports grew by NOK 423 million (EUR 51.4 million) to NOK 571 million (EUR 69.4 million).

Herring exports climbed in value by NOK 263 million (EUR 31.98 million) to NOK 4 billion (EUR 486.3 million). Haddock exports totalled NOK 1.1 billion (EUR 133.7 million), up by NOK 261 million (EUR 31.7 million), and exports of saithe clipfish swelled by NOK 40 million (EUR 4.9 million) to NOK 1.1 billion (EUR 133.7 million).

Exports of salted cod skid by NOK 495 million (EUR 60.2 million) to NOK 738 million (EUR 89.7 million) in 2009, while cod clipfish totalled NOK 1.7 billion (EUR 206.7 million), the same as in 2008. Total stockfish exports rose slightly to NOK 616 million (EUR 74.9 million).

Related articles:

- Seafood exports reach new record, top EUR 4.8 billion
Seafood exports top EUR 3.7 bln

By Natalia Real
[email protected]

Photo Courtesy of FIS Member  Norwegian Seafood Council | Norges sjømatråd - Headquarter

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