Norway exported prawns worth NOK 740 million in 2016. This is a decrease of 4 percent from 2015. Norway exported king crab worth NOK 529 million in 2016, an increase of 45 percent from the year before.
Exports of snow crab were worth NOK 338 million in 2016, an increase of 74 percent from 2015. Sweden was the largest export market for seafood from Norway in 2016, followed by Japan and South Korea.
”The increased export value of shellfish in 2016 is a result of increased catches and high prices in the markets for both king crabs and snow crab. While catches of prawns increased slightly in 2016, prices for Norwegian prawn products was lower than the previous year”, says analyst Kristin Lien with the Norwegian Seafood Council.
Sweden was in 2016 the largest export market for Norwegian prawns, worth NOK 387 million. This is an increase of 9 percent from 2015.
For Finland, which was the second largest market, exports fell by 18 percent to NOK 110 million. Britain was our third largest market with exports of NOK 97 million in 2016. This represents an increase of 83 percent from 2015.
Norway exported live red king crabs worth some NOK 261 million in 2016. That's an increase of 90 percent from 2015. The main market in 2016 was South Korea which accounted for 62 percent of exports. US and Canada combined was the second largest market.
Frozen red king crab exports have grown by 18 percent to NOK 269 million in 2016, with Japan as their main export market. The amendment to the start of the quota year to January 1, instead of in September has resulted in a significant increase in the value of red king crab exports.
Live red king crabs constituted 49 percent of red king crab exports in 2016. This is an increase of 38 percent from 2015.
Norway exported 3,952 tonnes of frozen snow crab worth NOK 331 million in 2016. That's an increase of 80 percent from 2015.
The average price of frozen snow crab was in 2016 at NOK 83.73 per kg, up from NOK 61.39 per kg in 2015. The largest export markets for snow crab in 2016 were the United States and Japan. ■
What to read next
More inside POST
UK budget deficit widens in June Economy
When top managers may take few days off? Leadership