Currency changes and the seafood industry

Salmon fillet in a supermarket in the Netherlands.
Salmon fillet in a supermarket in the Netherlands. Photo: Frank Gregersen, Nofima

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How do currency changes affect the performance and competitive position of the Norwegian seafood industry?

Some results

Gained NOK 3.5 billion due to a weaker krone

Seafood industry gains an additional NOK 4.7 billion due to a weaker krone

Weak Norwegian krone continues to help fish exporters

Lower NOK exchange rate is good news for the seafood industry

The Norwegian seafood industry relies on selling most of its production in a global market. The Norwegian krone is a sensitive currency that fluctuates a great deal. In recent times, the krone exchange rate has been highly dependent on developments in crude oil prices.

The aim of the project is to monitor how currency exchange rate developments affect the performance of the Norwegian seafood industry and competitive position in the period 2016 through 2019.

Publications

Effects of exchange rate changes in the seafood industry – the period from 2016 to 2019

2020 Nofima’s reports

Effects of exchange rate changes in the seafood industry – 2017 and the first half of 2018

2018 Nofima’s reports