The Norwegian seafood industry increases its number of full-time and part-time employees by 13,000 in 2021 despite the impacts of COVID-19
The number of employees in the Norwegian seafood industry increased in 2021 by as many as 13,000 people who work directly and indirectly in the industry, which amounts to a total of 106,000.
Including the ripple effects, the value creation in the seafood industry was NOK 120 billion (€11.5bn/£10bn), and the tax effect amounted to NOK 34 billion (€3.7bn/£2.85bn).
This is revealed in a new report from Menon Economics, Nofima and Norce . It is growth in the aquaculture industry that is the biggest growth driver.
“The seafood industry managed well through the pandemic compared to other industries, but still had a demanding 2020. Now we have the results for 2021, and we see that the industry has lifted and is setting new records for value creation, exports and employment,” says Jonas Erraia, head of analysis in Menon Economics in a press release that discusses the findings.
Increased value creation
Value creation in the industry increased by eleven billion from 2020 to 2021. In 2019, value creation was slightly higher than in 2021, but last year’s value creation is still at a historically high level. The employment effects from the industry are the highest in recent times.
“The seafood industry is among Norway’s most important district industries. The industry is represented throughout the country, but it is in the regions of Western and Northern Norway that the industry has the greatest importance for value creation and employment.
“Few industries have grown more than the seafood industry in the last 15 years,” says project manager Roy Robertsen, senior researcher at Nofima.
Export is key
The marked increase in turnover and value creation in the seafood industry in recent years can largely be explained by a significant increase in exports. The value of seafood exports has increased from making up 14 percent of mainland exports in 2012 to making up 21 percent in 2021.
In 2021, 2.7 million tonnes of Norwegian seafood were exported to a value of NOK 117 billion (€11bn/£9.7bn) to trade statistics from Statistics Norway. This was a new record for seafood exports, both measured in export value and volume. Record high export volume together with high prices as a result of strong demand for seafood contributed to the new best listing.
Largest in the west and north
It is in the west and north of Norway that seafood production has the greatest importance for value creation and employment.
In Vestland county, there are 17,200 people who are directly or indirectly employed in the seafood industry, followed by Møre and Romsdal with 16,500, Nordland with 12,900, Troms and Finnmark with 12,700, Trøndelag with 12,100 and Viken with 10,800 people.
The report shows that the highest value creation is in Møre and Romsdal with NOK 13 billion (1.2bn/£1bn). Value creation in Troms and Finnmark, Nordland, Vestland and Trøndelag is very tight, all between NOK 11 (€1bn/£920m) and 12 billion (€1.1bn/£1bn). Value creation has a clear concentration in these coastal counties.