In May, 5,200 tonnes of frozen cod were exported with a value of NOK 224 million. This is a decrease in volume of 12 per cent but an increase in value of NOK 8 million or 4 per cent.
So far this year, 36,500 tonnes of frozen cod have been exported with a value of NOK 1.5 billion. This is an increase in volume of 11 per cent, and an increase in value of NOK 370 million or 32 per cent. The UK, China and the United States are the export markets for frozen cod in May.
«Lower quotas have also impacted exports of frozen cod in May. So far this year, however, exports of frozen cod have been growing, especially in the UK, and this trend has continued in May”, says Ingrid K. Pettersen, Seafood Analyst with the Norwegian Seafood Council.
Fresh cod
In May Norway exported 4,200 tonnes of fresh cod worth NOK 177 million. This is a decrease in volume of 27 per cent and a fall in value of NOK 26 million or 13 per cent compared to May last year.
So far this year, 39,000 tonnes of fresh cod have been exported with a value of NOK 1.6 billion. This is a reduction in volume of 20 per cent, and the total export value declined by NOK 102 million or 6 per cent. Denmark, the Netherlands and Spain are the largest export markets for fresh cod in May.
Lower quotas
“There is still a drop in volume compared to the same period last year. This is due to lower quotas and catches. In addition, there is a small dip in price, which is due to the fact that the average fish size is smaller”, says Ingrid K. Pettersen.
Here you can read the entire market analysis for the Norwegian Seafood Council; http://norges-sjoematraad-as.mynewsdesk.com/pressreleases/moderat-verdivekst-for-sjoemateksporten-i-mai-2882643