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

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

In 2019, the Greek market for dried cod, whether or not salted was finally on the rise to reach $X for the first time since 2011, thus ending a seven-year declining trend. Over the period under review, consumption, however, showed a deep slump. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.

Exports of Dried Cod, Whether Or Not Salted

Exports from Greece

In 2019, overseas shipments of dried cod, whether or not salted decreased by -X% to X tons for the first time since 2016, thus ending a two-year rising trend. Overall, exports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. Exports peaked at X tons in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, exports of dried cod, whether or not salted shrank sharply to $X in 2019. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Hungary (X tons) was the main destination for exports of dried cod, whether or not salted from Greece, with a X% share of total exports. Moreover, exports of dried cod, whether or not salted to Hungary exceeded the volume sent to the second major destination, Germany (X kg), fivefold. The third position in this ranking was occupied by Cyprus (X kg), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Cyprus (-X% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for dried cod, whether or not salted exports from Greece, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Cyprus amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Hungary (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, which is down by -X% against the previous year. In general, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per ton in 2009; however, from 2010 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

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

Imports of Dried Cod, Whether Or Not Salted

Imports into Greece

In 2019, supplies from abroad of dried cod, whether or not salted increased by X% to X tons for the first time since 2011, thus ending a seven-year declining trend. In general, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Imports peaked at X tons in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, imports of dried cod, whether or not salted soared to $X in 2019. Overall, imports, however, continue to indicate a deep reduction. Imports peaked at $X in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

Imports by Country

Sweden (X tons), Denmark (X tons) and the UK (X kg) were the main suppliers of imports of dried cod, whether or not salted to Greece, together accounting for X% of total imports.

From 2007 to 2019, the biggest increases were in Denmark, while purchases for the other leaders experienced a decline.

In value terms, the largest dried cod, whether or not salted suppliers to Greece were Sweden ($X), Denmark ($X) and the UK ($X), together accounting for X% of total imports.

The UK saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

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. Over the last twelve-year period, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Denmark ($X per ton) and the UK ($X per ton), while the price for Germany ($X per ton) and Sweden ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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