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

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

In 2019, the Irish market for dried cod, whether or not salted increased by X% to $X, rising for the sixth year in a row after five years of decline. Over the period under review, the total consumption indicated a measured expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2013 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Dried Cod, Whether Or Not Salted in Ireland

In value terms, production of dried cod, whether or not salted soared to $X in 2019 estimated in export prices. Overall, the total production indicated a perceptible increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2013 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Dried Cod, Whether Or Not Salted

Exports from Ireland

For the ninth consecutive year, Ireland recorded decline in shipments abroad of dried cod, whether or not salted, which decreased by -X% to X kg in 2019. Over the period under review, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. As a result, exports attained the peak of X tons. From 2011 to 2019, the growth of exports failed to regain the momentum.

In value terms, exports of dried cod, whether or not salted reduced markedly to $X in 2019. Overall, exports showed a dramatic contraction. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. As a result, exports attained the peak of $X. From 2011 to 2019, the growth of exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for exports of dried cod, whether or not salted from Ireland, with a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to the Netherlands stood at -X%.

In value terms, the Netherlands ($X) also remains the key foreign market for dried cod, whether or not salted exports from Ireland.

From 2007 to 2019, the average annual growth rate of value to the Netherlands was relatively modest.

Export Prices by Country

The average export price for dried cod, whether or not salted stood at $X per ton in 2019, picking up by X% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2009 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per ton in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2007 to 2019, the rate of growth in terms of prices for the Netherlands amounted to +X% per year.

Imports of Dried Cod, Whether Or Not Salted

Imports into Ireland

For the third year in a row, Ireland recorded decline in supplies from abroad of dried cod, whether or not salted, which decreased by -X% to X tons in 2019. Overall, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. As a result, imports attained the peak of X tons. From 2012 to 2019, the growth of imports remained at a lower figure.

In value terms, imports of dried cod, whether or not salted reduced to $X in 2019. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2011; however, from 2012 to 2019, imports remained at a lower figure.

Imports by Country

The UK (X tons), the Netherlands (X tons) and Italy (X kg) were the main suppliers of imports of dried cod, whether or not salted to Ireland, together comprising X% of total imports. These countries were followed by Norway, France, Portugal and Germany, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France, while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the UK ($X) and Italy ($X) appeared to be the largest dried cod, whether or not salted suppliers to Ireland, with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands recorded the highest rates of growth with regard to 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

In 2019, the average import price for dried cod, whether or not salted amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated resilient growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, import price for dried cod, whether or not salted increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs in 2019 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per ton), while the price for the UK ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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