Export volumes of cod, particularly to the EU, were hit hard in the third quarter. When exports picked up in the fourth quarter, the price of frozen whole cod around 30 percent lower than last year, says market analyst Ove Johansen.
Export values of frozen cod dropped to NOK 3.4 billion (€460.6 million/$609.6 million) in 2012, a fall of NOK 276.2 million (€37.4 million/$49.5 million) from 2011. Exports to China, Norway's the biggest importer of frozen groundfish, was reduced by NOK 144 million (€19.5 million/$25.8 million) to NOK 1.1 billion (€149 million/$197.2 million) in 2012.
Value of cod falls
Export value of fresh cod fell to NOK 1.54 billion (€208.6 million/$276.1 million) in 2012, a decrease of NOK 147.5 million (€20 million/$26.4 million) from 2011.
Fresh whole cod volume inched up by 2,388 metric tons to 24,032 metric tons, but fresh whole cod value dropped by 11 percent to NOK 536.5 million (€72.7 million/$96.2 million).
Exports of fresh fillets reached NOK 421 million (€57 million/$75.5 million) in 2012, a fall of 12 percent from 2011.
Total salted cod exports fell by 20 percent year-on-year to NOK 824 million (€111.6 million/$147.7 million). Salted cod export volume dropped by 3,857 metric tons to reach 22 399 metric tons, and prices fell by 9 percent compared with 2011.
Portugal was the largest market for salted fish with NOK 472.8 million (€64.1 million/$84.8 million) in export value, down 147 million from 2011.
Large reduction of cod aquaculture
Total exports of farmed whitefish products from aquaculture was NOK 196.2 million (€26.6 million/$35.2 million), a fall of NOK135.7 million from 2011. Farmed cod accounted for most of the decrease, and fell by NOK 111.5 million (€15.1 million/$20 million) to reach NOK 122.3 million (€16.6 million/$21.9 million).
(seafood.vasep.com.vn) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
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