July 2021 7/2021
Latest trends Activity in the European seafood market is picking up as restrictions continue to be loosened. The Hotel/Restaurant/Café (HORECA) sector in Southern Europe has been reopened and the summer tourist season is providing an additional demand boost, even if total tourist numbers are expected to remain well below pre-pandemic levels. As a result, prices have risen for the majority of products, particularly shrimp and cephalopods, which are in short supply. Strong upward movement is evident even for bivalves, a segment in which price stability is the norm. Norway has overcome the ongoing effects of the COVID-19 pandemic and a strengthened krone to export a record EUR 5.3 billion worth of seafood in the first half of 2021, an increase of 1 percent compared with the corresponding period of 2020.
GROUNDFISH Cod exports from Norway registered a significant decline in export value in the first half of the year, falling 8 percent, or EUR 43.4 million, year-on-year to around EUR 521.5 million. In volume terms, 49 000 tonnes of fresh cod and 44 300 tonnes of frozen cod were exported over the same period. The main European transit and processing centres of Denmark, Poland, and the Netherlands were the largest importers of fresh Norwegian cod, while the United Kingdom of Great Britain and Northern Ireland, China, and the Netherlands were the main markets for Norwegian frozen cod.
1
Index for prices
Groundfish
9
Flatfish
10
Tuna
11
Small Pelagics
12
Cephalopods
13
Crustaceans
14
Bivalves
15
Salmon
16
Trout
16
Freshwater fish
17
Non Traditional Species
17
Seabass-SeabreamMeagre
18
The European Fish Price Report, based on information supplied by industry correspondents, aims to provide guidance on broad price trends. Price information is indicative and should be used only for forecasting medium- and long-term trends. FAO is not responsible for any errors or omissions.