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Photo: Stockfile/FIS
Internacional market situacion for Norwegian pelagic fish (herring, mackerel...)
(NORWAY, 3/7/2024)
Big fall for herring
- Norway exported 16,223 tonnes of herring worth NOK 302 million in February
- The value fell by NOK 96 million, or 24 percent, compared to February last year
- Volume fell by 41 per cent
- Poland, Lithuania, and Egypt were the largest markets for herring in February
 As in January, landings from the herring fishery in February are significantly lower compared with the same month in 2023. So far, 100,000 tonnes have been landed, compared with 160,000 tonnes last year.
Norwegian herring retail pak in Lithuania --->
The price level in first-hand sales is significantly above the same period last year, with an average price for consumption of NVG herring of NOK 10.58 per kg compared with NOK 7.78 per kg, and North Sea herring at NOK 8.74 compared with NOK 4.33 per kg.
Lowest volume for whole frozen herring in 32 years
.png) “The low landing volumes are affecting exports. The trend of fewer exports of whole frozen herring in favour of fillets and processed products continues. In February, approximately 4,500 tonnes of whole frozen herring were exported. We must go back to 1992 to find lower figures for the same month," says Jan Eirik Johnsen, Manager for Pelagic Species at the Norwegian Seafood Council.
The volume of frozen fillets has fallen by 6 percent so far this year, while the value has increased from NOK 440 million to NOK 495 million, an increase of 12.5 percent.
Value growth to Poland and Germany
 “Prices in Norwegian kroner are up by 20 percent, and in euros by 15 percent. Poland and Germany are the most important fillet markets, and the export value here has increased by 16 percent, while volumes remain stable," explains Johnsen.
Weak month for mackerel
- Norway exported 20,355 tonnes of mackerel worth NOK 479 million in February
- The value fell by NOK 126 million, or 21 percent, compared with February last year
- Volume fell by 34 per cent
- South Korea, Vietnam and Japan were the largest markets for mackerel in February
In January and February, 35,000 tonnes of mackerel were landed compared with 48,000 tonnes in the same period in 2023. This affects exports, which are falling in volume while prices are rising.
The average export price for mackerel under 600 grams in February was NOK 22.61 per kg, which is the highest recorded. In dollars, the average price was US$2.14 per kg, which is the highest since May 2012.
Source: Norwegian Seafood Council
[email protected]
www.seafood.media
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