Norwegian seafood exports have seen a significant drop in November 2020 as a result of the global Covid-19 pandemic.
In November, the value of exports was NOK9.4 billion, a decrease of 11% compared to November 2019. When looking at the entire year however, the picture is slightly more positive with total exports standing at NOK96.6 billion, a drop of 1%.
“Norwegian seafood exports are now seeing the impact of a hotel and restaurant sector that has more or less shut down across Europe,” said director of market insight and market access in the Norwegian Seafood Council, Tom-Jørgen Gangsø.
The value of salmon has declined meaning that despite a small increase in export volume of 1%, the value has fallen by 15% compared with November last year. Export volumes and value of prawn are also down at 8% and 21%.
Export volumes and value of trout have fallen by 8% and 7% respectively, whilst volumes and value of cod have fallen dramatically by 32% and 33% with exports of frozen cod also down across Europe except in the UK where demand increased.
Clipfish volumes and value are down by 15% and 21% respectively, and dried fish is also down at 36% and 44%. Demand for herring has declined by 32% but the value has remained robust with just a 1% drop.
Areas doing well are salted fish with an increase in export volume and value of 34% and 30%, and mackerel and king crab with increases in export volumes of 45% and 114%.