Norwegian Herring and Mackerel export growth has been reported during the month of April increasing revenue to the industry against the odds of the COVID-19 crisis.
Norges Sildesalgslag has reported that 17,200 tonnes of herring were exported at a value of NOK 265 million (€23.9m) in April which is a 56 percent increase in volume.
The value of the herring increased by NOK 150 million (€13.52m), or 131 per cent.
“There has been an increase in the export of herring to Germany, Poland and Belarus. Prices have been relatively stable measured in euros. The fact that herring is often sold as long-lasting products has helped increase demand in recent months,” says chief analyst Frank Isaksen of the Norwegian Seafood Council.
So far this year, 123,000 tonnes of herring have been exported to a value of NOK 1.4 billion (€126m). This is a 5 percent increase in volume, while the value increased by NOK 396 million (€33.25m), or 41 percent. Poland, Belarus and Egypt were the most important markets for herring in April.
In April, 14,000 tonnes of mackerel were exported to a value of NOK 270 million (€24.4m). Volume increased by 30 per cent, while value increased by NOK 84 million (€7.6m), or 45 per cent.
“Among other things, there has been an increase in export volumes to Japan, South Korea and China. Measured in Japanese yen and US dollars, prices are down slightly from last year, but measured in Norwegian kroner so far this year is higher than last year. There has also been a significant increase in exports to Egypt and Nigeria. These are mackerel traded at a slightly lower price. A large part of the growth in export volume is due to increased landings in Norway from foreign vessels,” says chief analyst Frank Isaksen of the Norwegian Seafood Council.
So far this year, 95,300 tonnes of mackerel have been exported to a value of NOK 1.6 billion (€144m). This is a 54 per cent increase in volume, while the value increased by NOK 579 million (€52.2m), or 55 per cent. Japan, China and South Korea were the largest recipients of mackerel in April.
Source: Norges Sildesalgslag