Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Photo: Stockfile /FIS

Situation of Norwegian cod and dried, salted fish worldwide

Click on the flag for more information about Norway NORWAY
Wednesday, February 08, 2023, 02:00 (GMT + 9)

Decline for fresh cod, but prices are at a record high
  • Norway exported 3,852 tonnes of fresh cod worth NOK 240 million in January
  • The export value fell by NOK 15 million, or 6 per cent, compared to January last year
  • Export volume fell by 19 per cent
  • Denmark, the Netherlands and Spain were the biggest markets for fresh cod in January.
“Landings of fresh cod in January were significantly lower than last year, which resulted in a lower export volume. This has also contributed to high prices. There is a record high price for fresh whole cod at NOK 59 per kg. This is NOK 3 per kg higher than the previous record month, which was in October 2022, and 17 per cent higher than January last year", says Eivind Hestvik Brækkan, Seafood Analyst with the Norwegian Seafood Council.
 
The Netherlands have increased their imports
 
The Netherlands had the most significant increase in value this month, with an export value of NOK 17 million, or 326 per cent, compared to the same month last year.
 
“The Netherlands consumes little cod but re-exports most of it to our large cod markets in Europe. The export volume to the Netherlands ended at 394 tonnes, which is 262 per cent higher than the same month last year”, explains Brækkan..

Farmed cod continues to grow
 
Farmed cod continues to increase in volume, and in January, 631 tonnes of fresh whole-farmed cod were exported to a value of NOK 31 million. This is an increase of 77 tonnes from January last year and an increase in value of NOK 5 million.
 
<-- Locations in Norway where Atlantic cod Gadus morhua were farmed black circles. Image: courtesy Rebekka Varne / ResearchGate
 
Record high prices and a decrease in volume also for skrei
  • Norway exported 451 tonnes of skrei to a value of NOK 37 million in January
  • The value fell by NOK 10 million, or 22 per cent, compared to January last year
  • The volume fell by 38 per cent
  • Denmark, Sweden and Poland were the biggest markets for skrei in January

Skrei comparative export volume. Image: Norwegian Export Council

“The arrival of the skrei was still ongoing at the end of January, and with lower landings, this has led to a decrease in the export volume. There is also a record high price for skrei, at NOK 82 per kg. This is NOK 16 per kg higher than the previous record month, which was in January 2022”, says Brækkan.
 
With the new skrei investment in Japan, the volume to Japan ended at 3 tonnes in January, while only 67 kg of skrei was exported to Japan in the whole of 2022.
 

Volume and value decline for frozen cod
  • Norway exported 7,846 tonnes of frozen cod worth NOK 442 million in January.
  • The export value fell by NOK 39 million, or 8 per cent, compared to January last year.
  • The export volume fell by 34 per cent.
  • In January, China, Great Britain and Poland were the biggest markets for frozen cod.
Growth to the UK
 
“Also, for frozen cod, landings in January were lower than last year, which resulted in a lower export volume. The UK had the greatest increase in value in January, with an export value of NOK 54 million, or 115 per cent, compared to the same month last year. The export volume to the UK ended at 1,345 tonnes, which is 63 per cent higher than the same month last year”, says Brækkan.
 
Frozen whole cod and frozen fillet exports to the UK increased in January.
 
Sanctions against Russia lead to increased demand.
 
“Higher landings of frozen cod fillets may have contributed to the increased fillet exports to the UK. We see that cod prices in grocery stores in the UK increased markedly last autumn, which may have resulted from the sanctions against imports of white fish from Russia. This could be positive for the demand for Norwegian whitefish in the UK, and we also see that the export of haddock to the UK increased in January”, says Brækkan.
 
There is also a record-high price for frozen fillet blocks, at NOK 83 per kg. This is NOK 3 per kg higher than the previous record month, which was in July 2022.
 
A good start for clip fish
  • Norway exported 9,593 tonnes of clipfish to a value of NOK 622 million in January
  • Export value increased by NOK 243 million, or 64 per cent, compared to January last year
  • There is a growth in export volume of 24 per cent
  • Brazil, Portugal and the Dominican Republic were the biggest markets for rockfish in January
The export value for clip fish of both pollock and tusk was a record high in January, with NOK 282 and NOK 74 million, respectively.
 
Value growth for Brazil
 
Brazil had the most significant increase in value this month, with an export value of NOK 184 million, or 134 per cent, compared to the same month last year. The export volume to Brazil ended at 4,577 tonnes, which is 83 per cent higher than the same month last year. This contributed to Brazil becoming the third-largest growth market for all Norwegian seafood exports in January.
 
“Last year, we saw a shift towards more export of cuttlefish and less cod to Brazil. Norway also exports significant volumes of tusk and long-finned rockfish to Brazil. Now in January, we had increased export volumes for all species. After several years of major challenges with the pandemic and weak economic development, households' expectations for their finances are now far more positive. This gives grounds for optimism for the demand for clip fish of all species in Brazil in 2023”, says Eivind Hestvik Brækkan, Seafood Analyst with the Norwegian Seafood Council.
 
Portugal, our biggest clip fish market
 
To Portugal, the export of cod clip fish increased by 80 per cent in value, and 39 per cent in volume, to a total of 968 tonnes, and an export value of NOK 100 million.

Record high prices
 
We have seen record-high tusk clip fish prices, at NOK 62 per kg. This is NOK 5 per kg higher than the previous record month, which was in October last year.
 
Pollack clipfish have also reached record-high export prices. It is now NOK 48.50 per kg.
 
Salted fish– an increase for cod but a decline for but decline for pollock, ling and tusk
  • Norway exported 1,098 tonnes of salted fish to a value of NOK 78 million in January
  • The export value increased by NOK 15 million, or 24 per cent, compared to January last year.
  • The export volume fell by 13 per cent
  • Portugal, Spain and Greece were the biggest markets for salted fish in January.
Exports of whole salted cod increased, while the total volume decreased due to lower exports of salted pollock, ling and tusk.
 
Portugal had the most significant increase in value this month, with an export value of NOK 25 million, or 101 per cent, compared to the same month last year. The export volume to Portugal ended at 667 tonnes, 84 per cent higher than last year's last month.
 
Dried fish with increased prices and lower volume to Italy
  • Norway exported 436 tonnes of dried fish to a value of NOK 94 million in January
  • Export value increased by NOK 26 million, or 37 per cent, compared to January last year
  • There is a growth in the volume of 24 per cent
  • Italy and Croatia were the biggest markets for dried fish in January
Price record for Italy
 
Italy had the most significant increase in value this month, with an export value of NOK 10 million, or 17 per cent, compared to the same month last year. The export volume to Italy ended at 240 tonnes, which is 13 per cent lower than the same month last year.
 
The export price of dried codfish to Italy has never been higher and was NOK 283 per kg in January, NOK 2 per kg higher than the previous record month, which was in December last year.
 
Source: Norwegian Seafood Council

 


 Print


Click to know how to advertise in FIS
MORE NEWS
Peru
Jul 10, 06:00 (GMT + 9):
IMARPE Debunks Single Jumbo Squid Population Theory in the South Pacific
United States
Jul 10, 05:30 (GMT + 9):
ASMI: 2025 Weekly Alaska Salmon Harvest Update #4
Russian Federation
Jul 10, 02:30 (GMT + 9):
Russian Far East Reports Strong Start to 2025 Salmon Fishing Season
India
Jul 10, 01:00 (GMT + 9):
IN BRIEF - Kasaragod District Earns Kerala Fisheries Excellence Award 2025
Argentina
Jul 10, 00:30 (GMT + 9):
Historic Abundance of Illex: Record 2025 Norpatagonian Squid Season
Pakistan
Jul 10, 00:10 (GMT + 9):
FAO Drafts New National Policy to Transform Pakistan's Fisheries Sector
Chile
Jul 10, 00:10 (GMT + 9):
Chile Forms Alliance for Sustainable Artisanal Jumbo Squid, Driving a Responsible Fishing Future
Viet Nam
Jul 9, 17:00 (GMT + 9):
Vietnam's Fish Cake and Surimi Exports See Continued Growth Amidst Industry Transformation
China
Jul 9, 16:50 (GMT + 9):
Youth Innovation Drives Deep-Sea Fisheries Transformation in Zhoushan
Norway
Jul 9, 08:00 (GMT + 9):
IN BRIEF - Salmon Evolution ASA: Q2 2025 operational update
Spain
Jul 9, 07:00 (GMT + 9):
Sustainable Fishing Milestone: Atlantic Coast Iberian Sardine Recovers MSC Blue Label
Chile
Jul 9, 06:00 (GMT + 9):
IN BRIEF - IFOP Reveals Key Advances in Sea Lice Control in Chilean Salmon Farming
Brazil
Jul 9, 00:10 (GMT + 9):
Brazilian Fisheries Institute Advances Fight Against Lethal Tilapia Virus
Viet Nam
Jul 9, 00:10 (GMT + 9):
Vietnam's Shrimp Exports See Strong May Rebound, But June Outlook Clouded by Trade Uncertainties
South Korea
Jul 9, 00:10 (GMT + 9):
South Korea's Seafood Imports Surge in First Half of 2025, Led by Mackerel Boom



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Norwegian Seafood Exports Soar: Herring and Mackerel See Record Prices and Strong Demand in First Half of 2025
Norway Buoyed by strong international demand and strategic shifts, Norway's pelagic sector defies global uncertainties with impressive value growth Oslo – Norway's pelagic seafood sector has repo...
ALPESCAS Urges Resolution in Labor Conflict Threatening Uruguayan Industrial Fishing
Uruguay The Latin American Alliance for Sustainable Fishing and Food Security (ALPESCAS) has issued strong backing for Uruguay's industrial fishing sector amid a labor dispute triggered by the union's disrega...
Norwegian Cod Exports Navigate Quota Cuts with Record-High Prices and Strategic Market Shifts
Norway Despite significant volume drops across categories, Norway's cod industry secures unprecedented values for fresh, frozen, and cured products, buoyed by strong demand and the growing role of farmed cod...
End of an Era: Beloved US Lobster Purveyor Files for Bankruptcy After Decades of Service
United States One of New England's most celebrated seafood companies, Cozy Harbor Seafood, has filed for Chapter 11 bankruptcy. Its downfall reflects the increasing pressure on food and restaurant giants across the...
 

Umios Corporation | Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
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.
AquaChile S.A. - Group Headquarters
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
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
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
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
Cooke Aquaculture Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
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
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2025 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER