|
Norway exported 34 tonnes of king crab worth NOK 24 million in March
First quarter 2024: World market situation for Norwegian King crab
(NORWAY, 4/10/2024)
Fall in volume and value for king crab
- Norway exported 380 tons of king crab worth NOK 216 million in the first quarter.
- The value fell by NOK 28 million, or 12 percent, compared with the first quarter last year.
- Volume fell by 22 percent.
- The US, Canada and Spain were the largest markets for king crab in the first quarter.
.png) The volume decline is due to lower landings because of lower quotas and challenging fishing conditions at the start of the year.
Extended closed season
“In addition, the closed season for king crab has been extended to both March and April, whereas last year it was only in April. As a result, only 34 tonnes were exported in March, which is a decrease of 78 percent," says Marte Sofie Danielsen, Head of Shellfish at the Norwegian Seafood Council.
With lower availability and increased demand in markets that do not import Russian crab, prices for live and frozen king crab have started to increase again.
For live king crab, the record price from February was broken in March, with a price of NOK 681.47 per kg. The price of frozen king crab in a March month is historically high at NOK 750.53 per kg, only beaten by March 2022.
Increased demand for frozen king crab in the US
“The share of exports of frozen king crab has increased from 23 percent to 43 percent in the first quarter compared with the same period last year. This is mainly due to increased demand for frozen king crab in the US, as last year they had filled up their stocks of Russian crab before the sanctions came into force, but which are now almost empty," Danielsen explains.
The US was the largest market for both frozen and live king crab in the first quarter and had the highest value growth compared to the same period last year.
In total, exports to the USA amounted to NOK 125 million, an increase of NOK 50 million, or 66 percent.
The export volume to the US ended at 210 tons, which is 42 percent higher than the first quarter last year.
King crab exports in March
- Norway exported 34 tonnes of king crab worth NOK 24 million in March
- The value fell by NOK 60 million, or 72 percent, compared to March last year.
- Volume fell by 78 percent compared to March last year.
Related news:
.jpg)
[email protected]
www.seafood.media
Information of the company:
|
Address:
|
Stortorget 1 - P.O.Box 6176
|
|
City:
|
Tromsø
|
|
State/ZIP:
|
(N-9291)
|
|
Country:
|
Norway
|
|
Phone:
|
+47 776 033 33
|
|
Fax:
|
+47 776 800 12
|
|
E-Mail:
|
[email protected]
|
|
Skype:
|
https://www.instagram.com/norges_sjomatrad/
|
More about: 
|
|
|
|
Print
