Export market for Frozen Mackerel in Lithuania (11월, 2022)

In October, Norwegian seafood exports reached a record high of NOK 15.4 billion, a 27% increase from the same month last year, with half a million a day in exports. The industry has seen significant growth, exporting over NOK 123.9 billion so far this year, surpassing the 2021 value. However, the industry faces challenges such as hard competition for proteins, falls in consumer demand, and changes in seafood consumption. The value and volume of exports varied across different seafood species and markets, with the USA experiencing the most significant value growth for salmon and mackerel. The industry also faces high inflation and economic developments in the UK and Sweden, which may affect future growth.