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

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

After two years of decline, the Luxembourg market for dried cod, whether or not salted increased by X% to $X in 2019. In general, consumption enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.

Exports of Dried Cod, Whether Or Not Salted

Exports from Luxembourg

In 2019, overseas shipments of dried cod, whether or not salted decreased by -X% to X tons for the first time since 2015, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tons in 2018, and then fell notably in the following year.

In value terms, exports of dried cod, whether or not salted fell markedly to $X in 2019. Over the period under review, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Exports peaked at $X in 2018, and then fell rapidly in the following year.

Exports by Country

Portugal (X tons), Belgium (X tons) and France (X kg) were the main destinations of exports of dried cod, whether or not salted from Luxembourg, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dried cod, whether or not salted exported from Luxembourg were Belgium ($X), France ($X) and Portugal ($X), together comprising X% of total exports.

Portugal recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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. Overall, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2008 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 2009 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while the average price for exports to Portugal ($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 France, while the prices for the other major destinations experienced a decline.

Imports of Dried Cod, Whether Or Not Salted

Imports into Luxembourg

In 2019, purchases abroad of dried cod, whether or not salted increased by X% to X tons for the first time since 2016, thus ending a two-year declining trend. In general, imports posted a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, imports of dried cod, whether or not salted soared to $X in 2019. Over the period under review, imports posted a remarkable increase. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2009 to 2019, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2019, Portugal (X tons) constituted the largest dried cod, whether or not salted supplier to Luxembourg, accounting for a X% share of total imports. Moreover, imports of dried cod, whether or not salted from Portugal exceeded the figures recorded by the second-largest supplier, Norway (X tons), fivefold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Portugal amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-X% per year) and Belgium (-X% per year).

In value terms, Portugal ($X) constituted the largest supplier of dried cod, whether or not salted to Luxembourg, comprising X% of total imports. The second position in the ranking was occupied by Norway ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Portugal totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-X% per year) and France (-X% per year).

Import Prices by Country

In 2019, the average import price for dried cod, whether or not salted amounted to $X per ton, flattening at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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