Quota reductions affect prices and export volumes
For several of the wild-caught species, the quotas have been further reduced this year. Exports in January were therefore characterised by high prices and a decline in volumes for mackerel, saithe and prawns, among others.
“For mackerel, we have to go all the way back to 1990 to find a lower export volume, and this is now being felt throughout the value chain,” said Chramer. “The battle for the raw material has never been harder, which is demanding for the onshore industry.
Major changes in the flow of goods
“The export volume for salmon increased significantly in January, with major changes in the flow of goods to various markets,” said Paul T. Aandahl, NSC Seafood Analyst. “We have to go back to 2021 to see similar changes.”
Favourable production conditions have resulted in higher volumes, while uncertainty in world trade and a weak dollar have shifted exports from the US to Asia, especially China, and Poland, which is the largest EU market for processed Norwegian salmon.
