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Fish and seafood industry in Norway - Statistics & Facts

The fish and seafood industry is of high importance in Norway. With its long coastline, the country provides the best conditions for domestic fishing. In recent years, the revenue generated with the processing and preserving of fish, crustaceans and mollusks increased. As of 2018, the fish and seafood industry reached its highest revenue, amounting to approximately 6.54 billion euros. By comparison, neighboring Scandinavian countries generated lower revenues with nearly 2.65 billion euros in Denmark and almost 686 million euros in Sweden.

Among all farmed animals, Atlantic salmon is one of the most farmed fish in Norway; the country is the largest producer of salmon worldwide. The sales volume of salmon for consumption rose from 737 thousand metric tons in 2008 to 1.3 million metric tons in 2018. That same year, the sales value peaked at 64.6 billion Norwegian kroner. Norway is not only the largest salmon producer, it also belongs to one of the largest fish- and seafood exporting countries in the world. Especially the export value of salmon grew in the past years, reaching around 73 billion Norwegian kroner in 2019.

There are many Norwegian companies operating in this industry. SalMar, the global seafood company, which specializes in the production of farmed salmon, is one of them. It was founded in 1991 and is based in Frøya. The company’s sales revenue increased strongly from 7.16 billion Norwegian kroner in 2014 to 11.3 billion Norwegian kroner in 2018. In this year, SalMar’s share of sales was highest in Europe (excluding Norway), followed by Asia, the United States as well as Norway. Over 1.4 thousand employees worked full-time in the company

Other Norwegian fish and seafood companies of note are the Lerøy Seafood Group, Cermaq and Grieg Seafood.

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Fish and seafood industry in Norway

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