Netherlands: Market for Cod, Salted or in Brine 2024

Market Size for Cod, Salted or in Brine in the Netherlands

The Dutch market for cod, salted or in brine surged to $X in 2022, increasing by 235% against the previous year. In general, consumption, however, continues to indicate a perceptible shrinkage. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Cod, Salted or in Brine in the Netherlands

In value terms, cod, salted or in brine production contracted modestly to $X in 2022 estimated in export price. Overall, production saw a mild increase. The pace of growth was the most pronounced in 2016 with an increase of 18%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Cod, Salted or in Brine

Exports from the Netherlands

In 2022, after three years of growth, there was significant decline in shipments abroad of cod, salted or in brine, when their volume decreased by -97.3% to X tons. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 100,290%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank markedly in the following year.

In value terms, cod, salted or in brine exports dropped remarkably to $X in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 90,975% against the previous year. The exports peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Spain (X tons) was the main destination for cod, salted or in brine exports from the Netherlands, with a 76% share of total exports. Moreover, cod, salted or in brine exports to Spain exceeded the volume sent to the second major destination, Portugal (X tons), fivefold. Barbados (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +92.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-16.2% per year) and Barbados (0.0% per year).

In value terms, Spain ($X) remains the key foreign market for cod, salted or in brine exports from the Netherlands, comprising 76% of total exports. The second position in the ranking was taken by Portugal ($X), with a 15% share of total exports. It was followed by Italy, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +95.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-10.2% per year) and Italy (+18.7% per year).

Export Prices by Country

In 2022, the average export price for cod, salted or in brine amounted to $X per ton, with an increase of 16% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average export price increased by 65% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Portugal ($X per ton), while the average price for exports to Barbados ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cod, Salted or in Brine

Imports into the Netherlands

In 2022, supplies from abroad of cod, salted or in brine decreased by -97% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2020 with an increase of 2,365,680%. Over the period under review, imports attained the maximum at X tons in 2021, and then fell markedly in the following year.

In value terms, cod, salted or in brine imports shrank dramatically to $X in 2022. Overall, imports faced a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by 5,056,968%. Over the period under review, imports attained the maximum at $X in 2021, and then shrank notably in the following year.

Imports by Country

In 2022, Iceland (X tons) was the main cod, salted or in brine supplier to the Netherlands, accounting for a 98% share of total imports. It was followed by Germany (X tons), with a 1.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iceland amounted to -21.6%.

In value terms, Iceland ($X) constituted the largest supplier of cod, salted or in brine to the Netherlands, comprising 98% of total imports. The second position in the ranking was taken by Germany ($X), with a 1.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Iceland stood at -20.5%.

Import Prices by Country

The average import price for cod, salted or in brine stood at $X per ton in 2022, increasing by 7.5% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cod, salted or in brine import price increased by +133.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 114%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Iceland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :