Seafood growth is ‘just the start’

VALUE creation from Norway’s fisheries and aquaculture sector has grown threefold in just ten years - but that is only the beginning, said Geir Ove Ystmark, managing director of Seafood Norway. Its contribution to the country’s GDP last year was NOK 93.8 billion.

Speaking recently to the Seafood Norway annual conference in Ålesund, he said this growth pointed to seafood as one of Norway’s most important industries for its future prosperity.

‘Fisheries, aquaculture and increased value creation from the sea are emerging as one of the few industries that has the potential to fill the gap after the oil and gas (has gone).’

The Seafood Norway conference attracted some 400 delegates, along with a number of politicians.

The main theme was the future of the industry, and how far it can grow between now and 2030, and continue to keep employment at a high level.

Ystmark said: ‘It is very important that we as an industry ensure that the wider society can also see in what direction we are going.’

Later he said that to ensure greater value creation, more of the fish that Norway produces should be processed before leaving the country because it was good for employment and the economy. Currently 20,000 people in the EU, including Britain, were employed in processing Norwegian fish.

‘We cannot have a future where a seafood nation like Norway is only exporting unprocessed fish,’ he warned.