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Photo: Stockfile/FIS
International market situation for Norwegian salted, dried, clipfish and stockfish
(NORWAY, 3/7/2024)
Value growth for clipfish
- Norway exported 5,413 tonnes of clipfish worth NOK 360 million in February
- The value increased by NOK 41 million, or 13 per cent, compared to February last year
- Volume fell by 2 per cent
- Portugal, the Dominican Republic, and Brazil were the largest markets for clipfish in February
While clipfish of saithe fell in both volume and value in February, there was a sharp increase for clipfish of cod. The export value for cod clipfish ended at NOK 217 million in February, an increase of 141 per cent from last year, while the export volume increased 146 per cent to 1,913 tonnes.
For clipfish of saithe, the export value fell 36 per cent to NOK 130 million, while the export volume fell 24 per cent to 3,264 tonnes.
Exciting development
.jpg) “Future developments will be particularly exciting for cod clipfish. With a larger proportion of the catch of large cod than last year, the supply of large cod for clipfish production has been better than expected", says Seafood Analyst Eivind Hestvik Brækkan of the Norwegian Seafood Council.
Tougher competition for raw materials
The major quota reduction means that clipfish producers, like everyone else, will face a much tougher battle for raw materials.
“Our largest clipfish market, Portugal, is expected to increase its purchasing power this year, which could boost demand," explains Brækkan.
Portugal had the largest value growth this month, with an increase in export value of NOK 135 million, or 309 per cent, compared to the same month last year.
The export volume to Portugal ended at 1,644 tonnes, which is 278 per cent higher than the same month last year.
Increase for salted fish
- Norway exported 2,347 tonnes of salted fish worth NOK 156 million in February
- The value increased by NOK 15 million, or 11 per cent, compared to February last year
- This is a growth in volume of 14 per cent
- Greece, Portugal, and Spain were the largest markets for salted fish in February
Portugal had the largest value growth this month, with an increase in export value of NOK 12 million, or 23 per cent, compared to the same month last year.
The export volume to Portugal ended at 657 tonnes, which is 2 per cent lower than the same month last year.
Good month for stockfish
- Norway exported 433 tonnes of stockfish worth NOK 113 million in February
- The value increased by NOK 11 million, or 11 per cent, compared to February last year
- This is a growth in volume of 8 per cent
- Italy, Croatia, and Canada were the largest markets for stockfish in February.
The export volume of cod stockfish to our largest stockfish market, Italy, fell by 7 per cent in February to 252 tonnes, while the export value fell by 4 per cent to NOK 78 million.
Canada saw the greatest growth in value this month, with an export value of NOK 8 million, compared with nothing last year. The export volume ended at 30 tonnes.
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