France: Market for Cod, Salted or in Brine 2024

Market Size for Cod, Salted or in Brine in France

In 2022, the French market for cod, salted or in brine decreased by -0.2% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a mild shrinkage. The growth pace was the most rapid in 2020 when the market value increased by 2%. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Cod, Salted or in Brine in France

In value terms, cod, salted or in brine production amounted to $X in 2022 estimated in export price. Overall, production showed a mild descent. The pace of growth appeared the most rapid in 2020 when the production volume increased by 3.5%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Cod, Salted or in Brine

Exports from France

In 2022, overseas shipments of cod, salted or in brine increased by 366% to X tons, rising for the second year in a row after three years of decline. Overall, exports enjoyed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cod, salted or in brine exports skyrocketed to $X in 2022. In general, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 243% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X tons), Spain (X tons) and Luxembourg (X tons) were the main destinations of cod, salted or in brine exports from France, together accounting for 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +122.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cod, salted or in brine exported from France were Spain ($X), Portugal ($X) and Luxembourg ($X), with a combined 98% share of total exports.

Portugal, with a CAGR of +98.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for cod, salted or in brine stood at $X per ton in 2022, reducing by -45.9% against the previous year. In general, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 78% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+6.4%), while the prices for the other major destinations experienced a decline.

Imports of Cod, Salted or in Brine

Imports into France

For the third consecutive year, France recorded decline in purchases abroad of cod, salted or in brine, which decreased by -5.4% to X tons in 2022. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by 16%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cod, salted or in brine imports contracted to $X in 2022. In general, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2013 when imports increased by 14% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest cod, salted or in brine supplier to France, with a 40% share of total imports. Moreover, cod, salted or in brine imports from Spain exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+1.2% per year) and the UK (+87.0% per year).

In value terms, Spain ($X) constituted the largest supplier of cod, salted or in brine to France, comprising 55% of total imports. The second position in the ranking was taken by Portugal ($X), with a 16% share of total imports. It was followed by Denmark, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-2.3% per year) and Denmark (-8.1% per year).

Import Prices by Country

In 2022, the average import price for cod, salted or in brine amounted to $X per ton, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2021 when the average import price increased by 23%. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+49.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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