Norwegian Seafood Exports to U.S. Up 18% but Consumer Demand Cause for Concern
The Norwegian Seafood Council shared that Norway’s seafood industry exported NOK 15.4 billion ($1.5 billion) worth of seafood in October, the highest ever in a single month.
Despite the record month for exports, the Council noted that challenges face the industry including changes in seafood consumption and tighter finances as households face inflationary pressures.
“Several countries are reporting a decline in domestic consumption of seafood while the restaurant market is also experiencing challenging times. Expectations of a significantly weaker economic development...
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