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

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

The Italian market for dried cod, whether or not salted dropped significantly to $X in 2019, which is down by -X% against the previous year. Overall, consumption continues to indicate a mild slump. 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 hit record highs at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Production of Dried Cod, Whether Or Not Salted in Italy

In value terms, production of dried cod, whether or not salted fell markedly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018, and then fell notably in the following year.

Exports of Dried Cod, Whether Or Not Salted

Exports from Italy

In 2019, the amount of dried cod, whether or not salted exported from Italy surged to X tons, increasing by X% compared with the previous year. Over the period under review, exports, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

In value terms, exports of dried cod, whether or not salted skyrocketed to $X in 2019. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Croatia (X tons) was the main destination for exports of dried cod, whether or not salted from Italy, with a X% share of total exports. Moreover, exports of dried cod, whether or not salted to Croatia exceeded the volume sent to the second major destination, Portugal (X tons), twofold. Belgium (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Croatia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+X% per year) and Belgium (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value to Croatia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+X% per year) and Norway (-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, with an increase of X% against the previous year. Overall, export price indicated modest growth from 2007 to 2019: its price increased 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. The pace of growth was the most pronounced in 2016 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per ton. From 2017 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Croatia ($X per ton), while the average price for exports to Belgium ($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 Switzerland, while the prices for the other major destinations experienced a decline.

Imports of Dried Cod, Whether Or Not Salted

Imports into Italy

In 2019, overseas purchases of dried cod, whether or not salted decreased by -X% to X tons, falling for the third year in a row after two years of growth. In general, imports saw a abrupt setback. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Imports peaked at X tons in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, imports of dried cod, whether or not salted reduced slightly to $X in 2019. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

Germany (X tons), Denmark (X tons) and Sweden (X tons) were the main suppliers of imports of dried cod, whether or not salted to Italy, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Germany, while purchases for the other leaders experienced mixed trend patterns.

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

Germany (+X% per year) saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for dried cod, whether or not salted stood at $X per ton in 2019, surging by X% against the previous year. Overall, import price indicated a prominent expansion 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 2014 indices. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. Over the period under review, average import prices hit record highs in 2019 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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