Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us

During the January-November period, Norwegian seafood products generated USD 160,000 million in profits.

Seafood exports decline in volume in November but their value grew by 11pct

Click on the flag for more information about Norway NORWAY
Wednesday, December 05, 2018, 23:20 (GMT + 9)

Norwegian seafood exports fell by 8 per cent in volume in November, to 276,000 tonnes, but increased by 11 per cent in value, reaching NOK 9.9 billion (USD 1.16 billion), compared with the same month in 2017.

During the period from January to November, these sales abroad grew by 5 per cent in volume and and in value, to 2.5 million tonnes and NOK 90.7 billion (USD 10.6 billion), respectively.

The export value for mackerel increased sharply in the eleventh month of the year, by 37 per cent, but the sales of the resource fell in volume by almost 10 per cent compared to the same month last year.

Export prices for frozen whole mackerel in the autumn season 2018 is the highest on record. On average, the export price in October and November was NOK 16.21 per kg.

“Expectations of lower global supply of mackerel in 2019 are the reason why the price is spiking," pointed out seafood analyst at the Norwegian Seafood Council, Paul T. Aandahl.

In the case of salmon exports, he stressed that thanks to the rising demand for the resource in the EU market in November there was a volume growth of 4.5 per cent, to 78,000 tonnes, and a value increase of 12 per cent, to NOK 4.5 billion. 

Norway exported a total of 101,000 tonnes of salmon worth NOK 6.2 billion in November. The exported volume is similar to that last year while export value grew by 10 per cent. Poland and France were the largest Norwegian salmon markets in November.

During the first eleven months of the year, Norwegian salmon exports reached 962,000 tonnes worth NOK 62  billion, figures representing an increase by 6 per cent in volume and by 5 per cent compared to the same period last year.

The average whole fresh salmon price in November was NOK 56,24 per kg versus NOK 50.49 per kg in November in 2017. 

"Norway continues to take market share in the EU in November, while we see declines in other regions. An increasing proportion of EU consumption is seafood that undergoes processing in another market than that in which consumption takes place. This is the case in emerging markets, where the Netherlands and Poland are the ones that have seen the most significant increases in November," explained Aandahl.

For his part, expert in economics and marketing Trym Eidem Gundersen pointed out that despite the economic downturns and rising salmon prices, Italy is still experiencing a salmon boom due to the strong trend towards consuming sushi as well as, on the commercial side, a successful collaboration between seafood producers and the Norwegian Seafood Council, both on sales and campaigns.

Trout exports were stable in November with a 2 per cent decline in volume, to 5,300 tonnes, and with a value at the same level, reaching NOK 322 million. Belarus and the United States were the largest export markets

During the January-November period, the sales abroad of the resource increased by 18 per cent in volume, reaching 41,500 tonnes, and a 5 per cent growth in value, to NOK 2.7 billion.

(1 NOK = USD 0.11768)
[email protected]


Click to know how to advertise in FIS
Feb 21, 07:10 (GMT + 9):
IN BRIEF - TASA and Bureo sign work agreement to convert fishing nets into alternative products
United States
Feb 21, 02:40 (GMT + 9):
Trident Seafoods agrees to invest USD 23m to prevent harmful refrigerants leakage
Feb 21, 01:50 (GMT + 9):
Antibiotic resistance mechanisms are more varied than previously thought
Viet Nam
Feb 21, 01:30 (GMT + 9):
Kiên Giang province will expand shrimp farming models to boost production
European Union
Feb 21, 00:50 (GMT + 9):
Salmon companies under EC scrutiny for monopolistic practices suspicions
Faroe Islands
Feb 20, 23:10 (GMT + 9):
Bakkafrost obtains less than expected results in Q4 2018
United States
Feb 20, 23:00 (GMT + 9):
Oral vaccine developed by MSU improves production and profitability of catfish producers
Feb 20, 22:40 (GMT + 9):
Galician ship owners denounce illegal competition of Asian ships in South Atlantic
Feb 20, 21:20 (GMT + 9):
Colombia achieves status of SPRFMO cooperative country
Feb 20, 21:10 (GMT + 9):
MPEDA supplies black tiger prawn seeds to boost production
Feb 20, 20:50 (GMT + 9):
Fish Pool Salmon Price Status Report for week 8
Feb 20, 20:00 (GMT + 9):
IN BRIEF - Indonesia eyes top position as decorative fish exporter
Feb 20, 20:00 (GMT + 9):
IN BRIEF - Kenya Gov't Makes U-turn, Lifts Ban on Imported Chinese Fish
Feb 20, 20:00 (GMT + 9):
IN BRIEF - Scientists seek out the secret of salmon during ocean voyage
Feb 20, 20:00 (GMT + 9):
IN BRIEF - Sustainable ASEAN Aquaculture Industry Set for Moderate Growth despite Industry Challenges

CEPESCA and Abanca sign agreement to promote Spanish fleet renewal
Spain CEPESCA and Abanca have signed a collaboration agreement whereby this financial institution will make available to the Spanish fishing sector a series of financial products and services designed for their particularities and specific needs.
SNP: Protected area in the south is for resources and not for artisanal fishing
Peru The National Fisheries Society has rejected the statements made by the Minister of Production, who ruled out the scientific, technical and economic evaluations that support the restitution of the Special Fisheries Regime in the southern zone.
Trident Seafoods agrees to invest USD 23m to prevent harmful refrigerants leakage
United States Trident Seafoods Corporation has agreed to allocate up to USD 23 million to reduce the emissions of substances that damage the ozone layer coming from its vessels refrigeration equipments.
PRODUCE discards industrial fishing within 5 nautical miles
Peru The Peruvian government ruled out the proposal of industrial fishermen to be able to catch anchovy within 5 miles from the coastline in the south region.
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation
Marona S.A.
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2019 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER