Wild-caught fish, shellfish and other seafood were traded for 15.9 billion kroner (1.4 billion dollars) in the Norwegian Raw Fish Association in 2024. Norwegian fishermen accounted for just over 13.3 billion (1.16 billion dollars) of the total value.
The total value of wild-caught cod, haddock, saithe, shellfish and other catches ended at NOK 15.9 billion in 2024. This is a decrease of 10.7 per cent, or 1.9 billion compared to the historic peak year of 2023.
Norwegian fishermen accounted for just over NOK 13.37 billion of the turnover in 2024. This is a decrease of NOK 2.4 billion, or 15.6 per cent compared to 2023.
Catches delivered from foreign fishing vessels amounted to just over NOK 2.5 billion in 2023, which is an increase of approximately NOK 570 million, or 29 per cent from 2023.
A total of 5,319 Norwegian and foreign fishing vessels were delivered and traded in the Norwegian Raw Fish Association's area.
2024 is the eleventh year in a row with over 1 million tonnes of fish, shellfish and other catches delivered and traded through the Norwegian Raw Fish Association. Compared to 2023, there is a decrease of 10.3 per cent.
The total value of the catches in 2024 ended up higher than we expected at the start of the year. Rising prices, a very good shrimp season and significant landings from foreign vessels are the main reasons for this, says CEO Svein Ove Haugland.
Together with great efforts both at sea and in the industry, the weak Norwegian krone is contributing greatly to creating great values from our wild fish resources also in 2024,
Svein Ove Haugland adds
Note that these are preliminary figures as of 1.1.2025. Corrections may take place when the final settlement for traded and auctioned catches in 2024 is reconciled.
Norwegian fisheries have a proud history, and will continue to be important to vibrant local communities throughout the country in the future. The sustainable management of wild fish, shellfish and other seafood is the basis for value creation both in the fishing fleet and in the rest of the value chain.
Source: Norges Rafisklaget (in Norwegian)
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