|
Norway exported 1,800 tonnes of snow crab worth NOK 200 million in March
First quarter 2024: World market situation for Norwegian Snow crab
(NORWAY, 4/10/2024)
Record high export value for snow crab
- Norway exported 4,511 tonnes of snow crab worth NOK 495 million in the first quarter.
- The value increased by NOK 200 million, or 68 percent, compared to the first quarter last year.
- That's a 59 percent growth in volume.
- USA, Denmark and the Netherlands were the largest markets for snow crab in the first quarter.
 This is a record high export value for snow crab in a single quarter, NOK 73 million higher than the previous record quarter, which was in the second quarter of 2021.
Increased landings and increased exports
“The record value is primarily due to an increase in both landings and exports. Snow crab fishing was stopped with effect from March 19. Never has the fishing season been so short. When the quota has also increased from 7,117 to 9,753 tonnes this year, a record high volume was exported in the first quarter," says Marte Sofie Danielsen, Head of Shellfish at the Norwegian Seafood Council.
Historically low prices
In February and March, the average price of frozen snow crab also increased by NOK 7.25 per kg, or 7 percent.
“This is a positive development, despite the fact that the price is still at a historically low level. The average price of frozen snow crab in the first quarter was NOK 109.42 per kg," says Danielsen.
.png)
USA is the largest market
 The US was the largest market for Norwegian snow crab in the first quarter, with a total value of NOK 177 million, which is an increase of 27 percent compared to the same period last year.
“The biggest snow crab fishery in Canada doesn't start until April, and this helps to boost demand in the US for Norwegian snow crab at the start of the year," says Marte Sofie Danielsen.
<-- Photo: courtesy Ervik Seafood
Snow crab exports to Europe also more than doubled in the first quarter compared with last year. This has mainly gone to Denmark and the Netherlands, which are hub and processing markets.
Snow crab exports in March
- Norway exported 1,800 tonnes of snow crab worth NOK 200 million in March
- The value increased by NOK 54 million, or 37 percent, compared to March last year.
- This is a 26 percent growth in volume 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
