Eastern Europe: Market for Dried Cod, Whether Or Not Salted 2021

Market Size for Dried Cod, Whether Or Not Salted in Eastern Europe

In 2019, the East European market for dried cod, whether or not salted increased by X% to $X, rising for the fifth consecutive year after three years of decline. In general, consumption continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. The level of consumption peaked at $X in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.

Production of Dried Cod, Whether Or Not Salted in Eastern Europe

In value terms, production of dried cod, whether or not salted rose modestly to $X in 2019 estimated in export prices. In general, production recorded a perceptible slump. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. The level of production peaked at $X in 2008; however, from 2009 to 2019, production remained at a lower figure.

Production By Country in Eastern Europe

Russia (X tons) remains the largest dried cod, whether or not salted producing country in Eastern Europe, accounting for X% of total volume. Moreover, production of dried cod, whether or not salted in Russia exceeded the figures recorded by the second-largest producer, Poland (X tons), threefold. The third position in this ranking was occupied by Romania (X tons), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in Russia totaled -X%. In the other countries, the average annual rates were as follows: Poland (-X% per year) and Romania (-X% per year).

Exports of Dried Cod, Whether Or Not Salted

Exports in Eastern Europe

In 2019, exports of dried cod, whether or not salted in Eastern Europe declined significantly to X tons, which is down by -X% against the previous year's figure. Over the period under review, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2019, exports remained at a lower figure.

In value terms, exports of dried cod, whether or not salted declined dramatically to $X in 2019. Overall, exports showed a noticeable slump. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2019, exports remained at a lower figure.

Exports by Country

Russia dominates exports of dried cod, whether or not salted structure, recording X tons, which was approx. X% of total exports in 2019. It was distantly followed by Estonia (X tons), achieving a X% share of total exports. The following exporters - Lithuania (X tons) and Romania (X tons) - each recorded a X% share of total exports.

From 2007 to 2019, average annual rates of growth with regard to dried cod, whether or not salted exports from Russia stood at -X%. Estonia, Lithuania and Romania experienced a relatively flat trend pattern. From 2007 to 2019, the share of Estonia and Romania increased by +X% and +X% percentage points, while Russia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest dried cod, whether or not salted supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

In Russia, exports of dried cod, whether or not salted decreased by an average annual rate of -X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Estonia (X% per year) and Lithuania (+X% per year).

Export Prices by Country

The export price for dried cod, whether or not salted in Eastern Europe stood at $X per ton in 2019, picking up by X% against the previous year. Overall, the export price recorded a slight increase. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Over the period under review, export prices attained the peak figure in 2019 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Estonia ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Imports of Dried Cod, Whether Or Not Salted

Imports in Eastern Europe

In 2019, approx. X tons of dried cod, whether or not salted were imported in Eastern Europe; reducing by -X% compared with the previous year. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, imports of dried cod, whether or not salted fell remarkably to $X in 2019. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

Imports by Country

Belarus (X tons) and Hungary (X tons) represented the major importers of dried cod, whether or not salted in 2019, finishing at approx. X% and X% of total imports, respectively. It was distantly followed by Russia (X tons) and Poland (X tons), together comprising a X% share of total imports. Ukraine (X tons) and Latvia (X tons) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in Hungary (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dried cod, whether or not salted importing markets in Eastern Europe were Belarus ($X), Hungary ($X) and Poland ($X), with a combined X% share of total imports.

In terms of the main importing countries, Hungary (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price for dried cod, whether or not salted in Eastern Europe stood at $X per ton in 2019, growing by X% against the previous year. Overall, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, import prices reached the peak figure in 2019 and is expected to retain growth in the immediate term.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Ukraine, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :