Belgium: Market for Dried Cod, Whether Or Not Salted 2021

Market Size for Dried Cod, Whether Or Not Salted in Belgium

The Belgian market for dried cod, whether or not salted was estimated at $X in 2019, remaining stable against the previous year. Overall, consumption, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2014 when the market value increased by X% y-o-y. Consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Production of Dried Cod, Whether Or Not Salted in Belgium

In value terms, production of dried cod, whether or not salted expanded markedly to $X in 2019 estimated in export prices. In general, production showed a pronounced contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Exports of Dried Cod, Whether Or Not Salted

Exports from Belgium

Exports of dried cod, whether or not salted from Belgium reduced to X tons in 2019, which is down by -X% compared with 2018 figures. In general, exports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, exports reached the peak of X tons, and then reduced in the following year.

In value terms, exports of dried cod, whether or not salted dropped to $X in 2019. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. As a result, exports reached the peak of $X, and then fell in the following year.

Exports by Country

France (X tons) was the main destination for exports of dried cod, whether or not salted from Belgium, with a X% share of total exports. Moreover, exports of dried cod, whether or not salted to France exceeded the volume sent to the second major destination, Luxembourg (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-X% per year) and the UK (+X% per year).

In value terms, France ($X) remains the key foreign market for dried cod, whether or not salted exports from Belgium, comprising X% of total exports. The second position in the ranking was occupied by Luxembourg ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-X% per year) and the UK (-X% per year).

Export Prices by Country

The average export price for dried cod, whether or not salted stood at $X per ton in 2019, rising by X% against the previous year. In general, the export price, however, showed a perceptible downturn. The growth pace was the most rapid in 2016 an increase of X% year-to-year. The export price peaked at $X per ton in 2007; however, from 2008 to 2019, export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2019, the countries with the highest prices were Democratic Republic of the Congo ($X per ton) and France ($X per ton), while the average price for exports to the UK ($X per ton) and Luxembourg ($X per ton) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dried Cod, Whether Or Not Salted

Imports into Belgium

In 2019, overseas purchases of dried cod, whether or not salted decreased by -X% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a mild slump. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Imports peaked at X tons in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, imports of dried cod, whether or not salted shrank remarkably to $X in 2019. Over the period under review, imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018, and then reduced sharply in the following year.

Imports by Country

In 2019, Portugal (X tons) constituted the largest dried cod, whether or not salted supplier to Belgium, accounting for a X% share of total imports. Moreover, imports of dried cod, whether or not salted from Portugal exceeded the figures recorded by the second-largest supplier, Norway (X tons), sevenfold. The third position in this ranking was occupied by the Netherlands (X tons), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Portugal amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-X% per year) and the Netherlands (+X% per year).

In value terms, Portugal ($X) constituted the largest supplier of dried cod, whether or not salted to Belgium, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Norway, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Portugal stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Norway (-X% per year).

Import Prices by Country

In 2019, the average import price for dried cod, whether or not salted amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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