Groundfish exports down in 2012
The value of Norway’s groundfish exports including clipfish, salted fish and stockfish in 2012 totalled NOK 10.3 billion. This is NOK 1.5 billion down from the previous year. The downturn in exports is attributable to a drop in prices for Norwegian Cod and a decline in the volume of exports of Norwegian Saithe.
“Last year European storage facilities became fully stocked with processed products, which meant a complete stop to further processing in the 3rd quarter. At the same time, sales of frozen whole groundfish fell sharply,” explains market analyst Ove Johansen from the Norwegian Seafood Council. “When exports finally picked up again in the 4th quarter, prices for frozen whole Norwegian Cod were about 30% lower than in the same quarter of 2011.”
Exports of frozen groundfish fell in value by NOK 276.2 million from 2011 to a total of NOK 3.4 billion in 2012. China is the biggest importer of frozen groundfish from Norway, and here exports fell in value by NOK 144 million from 2011 to a total of NOK 1.1 billion in 2012.
Clipfish exports down
The value of exports of clipfish in 2012 totalled NOK 3.5 billion, a reduction of NOK 312 million or 8% from the previous year. The volume of clipfish exports totalled 91,172 tonnes, down by 6,424 tonnes from 2011.
The value of exports of Norwegian Cod clipfish in 2012 totalled NOK 2 billion, a decline of NOK 90.3 million from 2011. The volume of exports increased by 7%, while prices fell by 11%. Exports of Norwegian Saithe clipfish in 2012 were valued at NOK 1.1 billion, down by 17% from 2011. In the same period, the volume of exports declined by 9,500 tonnes to a total of 36,924 tonnes, while the average price increased by 5%. Brazil was the biggest market for clipfish in 2012 with an export value of NOK 1.09 billion, just ahead of Portugal with NOK 1.07 billion.
Decline in exports of salted fish
The value of exports of salted fish in 2012 totalled NOK 824 million, down by NOK 210 million or 20% compared to the previous year. The volume of exports of salted fish in 2012 declined by 3,857 tonnes to a total of 22,399 tonnes, while the average price fell by 9% from the previous year.
The value of exports of whole salted Norwegian Cod in 2012 totalled NOK 712.8 million, a reduction of NOK 196.9 million compared to 2011. Portugal was the biggest market for salted fish in 2012 with exports valued at NOK 472.8 million, a decline of NOK 147 million from 2011.
Stockfish exports also down
The value of exports of stockfish in 2012 totalled NOK 627.2 million, down by NOK 60.4 million or 9% from 2011. The volume of exports in the same period was down by 857 tonnes to a total of 6,100 tonnes. The falls are largely attributable to a decline in exports of Norwegian Saithe stockfish and haddock.
The value of exports of stockfish to Italy, the main market, totalled NOK 334 million. The volume of exports to Italy totalled 2,459 tonnes, down by 156 tonnes from 2011. Nigeria, the second biggest export market for stockfish, saw exports valued at NOK 171 million in 2012, down by NOK 32.3 million from 2011.
Reduction in exports of fresh fish
The value of exports of fresh groundfish products from fishery in 2012 totalled NOK 1.54 billion, down by NOK 147.5 million from 2011.
Exports of fresh whole Norwegian Cod increased in volume by 2,388 tonnes to a total of 24,032 tonnes, although a fall in prices of 11% meant the value of exports was down by NOK 5 million to total NOK 536.5 million.
The value of exports of fresh fillet products in 2012 totalled NOK 421 million, down from NOK 475.8 million in 2011. The average price of fresh Norwegian Cod fillets fell by 12% in 2012.
Steep fall in exports of Norwegian Cod from aquaculture
The value of exports of groundfish products from aquaculture in 2012 totalled NOK 196.2 million, sharply down by NOK 135.7 million from 2011. Much of this reduction is attributable to a steep fall in the value of exports of Norwegian Cod from aquaculture by NOK 111.5 million to a total of NOK 122.3 million.