Norway's salmon exports to China reached 4,291 tons in August, an increase of 21 percent compared to August last year. There has been a sharp decline in salmon prices, along with the weakening of the Scandinavian kingdom's currency, the krone.
The rebound comes after exports dipped in the first half of 2024 with salmon shipments decreasing by 14 percent in volume between January and June compared to the same period last year.
Read more ⬇️
https://tinyurl.com/cxnd4nam
The rebound comes after exports dipped in the first half of 2024 with salmon shipments decreasing by 14 percent in volume between January and June compared to the same period last year.
Read more ⬇️
https://tinyurl.com/cxnd4nam
Category
🗞
NewsTranscript
00:00A cargo plane at Oslo airport getting ready to transport salmon to China.
00:07The new route was launched this spring to satisfy China's growing hunger for Norwegian seafood.
00:16The demand is for fresh fish, so by using this cargo route we can actually send it in a short amount of time and we can have the fish there in 20 hours.
00:25This means that we can serve the Chinese demand for fresh salmon that we have seen increasing over the last years.
00:33Last year China overtook Japan and South Korea to become Norway's biggest export destination in Asia for fresh salmon.
00:42But in the first half of 2024 the export curve went downwards with salmon shipments decreasing by 14% in volume.
00:53One of the reasons for this slump was a lower availability of large sized salmon, but now things seem to have turned a corner.
01:01Despite a sharp decline in salmon prices, Norway's weakened currency the kroner ensured a growth of 21% year on year in August.
01:10And Norway's government hopes that trend will continue.
01:14So we export lots of our seafood products to China.
01:18We also have lots of collaboration with China when it comes to the maritime sector.
01:24Close to one third of Norwegian exports to China has a relationship to the maritime sector.
01:32Meanwhile the new cargo plane between Norway and China's Jiangxi province is continuing to run three flights a week.
01:39The aircraft can carry up to 60 tons of fresh salmon and is for now fully loaded.
01:44Bernard Splashberger, CGTN, Oslo.