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

Market Size for Dried Cod, Whether Or Not Salted in the EU

After three years of growth, the EU market for dried cod, whether or not salted decreased by -X% to $X in 2019. Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Production of Dried Cod, Whether Or Not Salted in the EU

In value terms, production of dried cod, whether or not salted fell to $X in 2019 estimated in export prices. Overall, production continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.

Production By Country in the EU

The countries with the highest volumes of production of dried cod, whether or not salted in 2019 were Germany (X tons), Spain (X tons) and Italy (X tons), together comprising X% of total production. These countries were followed by the UK, the Netherlands, Poland, Romania, the Czech Republic, Hungary, France, Bulgaria and Belgium, which together accounted for a further X 2007 to 2019, the biggest increases were in the Netherlands, while production of dried cod, whether or not salted for the other leaders experienced more modest paces of growth.

Exports of Dried Cod, Whether Or Not Salted

Exports in the EU

Exports of dried cod, whether or not salted contracted to X tons in 2019, which is down by -X% compared with 2018 figures. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, exports attained the maximum 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 shrank to $X in 2019. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

Exports by Country

Sweden represented the major exporter of dried cod, whether or not salted in the European Union, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2019. Portugal (X tons) held the second position in the ranking, followed by the Netherlands (X tons), Germany (X tons) and Denmark (X tons). All these countries together held approx. X% share of total exports. Spain (X tons) followed a long way behind the leaders.

Exports from Sweden increased at an average annual rate of +X% from 2007 to 2019. At the same time, the Netherlands (+X%) and Denmark (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2007-2019. Germany experienced a relatively flat trend pattern. By contrast, Portugal (-X%) and Spain (-X%) illustrated a downward trend over the same period. While the share of the Netherlands (+X p.p.), Sweden (+X p.p.) and Denmark (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Germany (-X p.p.), Portugal (-X p.p.) and Spain (-X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest dried cod, whether or not salted supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Portugal, with a X% share.

In Sweden, exports of dried cod, whether or not salted expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Portugal (-X% per year).

Export Prices by Country

In 2019, the export price for dried cod, whether or not salted in the European Union amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2011 when the export price increased by X% against the previous year. Over the period under review, export prices attained the peak figure at $X per ton in 2008; however, from 2009 to 2019, export prices failed to regain the momentum.

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

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

Imports of Dried Cod, Whether Or Not Salted

Imports in the EU

In 2019, supplies from abroad of dried cod, whether or not salted was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, imports of dried cod, whether or not salted skyrocketed to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in the immediate term.

Imports by Country

In 2019, Portugal (X tons) represented the main importer of dried cod, whether or not salted, creating X% of total imports. Sweden (X tons) ranks second in terms of the total imports with a X% share, followed by Germany (X%), France (X%) and Italy (X%). The following importers - Denmark (X tons) and Spain (X tons) - together made up X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Germany, while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Sweden ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2019, together comprising X% of total imports.

Among the main importing countries, Germany 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 the European Union stood at $X per ton in 2019, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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