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

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

In 2019, the Portuguese market for dried cod, whether or not salted increased by X% to $X, rising for the fifth year in a row after two years of decline. Over the period under review, consumption showed strong growth. The pace of growth appeared the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level in 2019 and is likely to continue growth in the near future.

Exports of Dried Cod, Whether Or Not Salted

Exports from Portugal

In 2019, the amount of dried cod, whether or not salted exported from Portugal fell slightly to X tons, dropping by -X% compared with the previous year's figure. Over the period under review, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X tons in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, exports of dried cod, whether or not salted contracted slightly to $X in 2019. Overall, exports recorded a perceptible reduction. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons), France (X tons) and Spain (X tons) were the main destinations of exports of dried cod, whether or not salted from Portugal, with a combined X% share of total exports. These countries were followed by Angola, Italy, Luxembourg, the U.S., Germany, Switzerland, the Netherlands, the UK and Belgium, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands, 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 Portugal were Brazil ($X), France ($X) and Spain ($X), together accounting for X% of total exports. These countries were followed by Angola, Italy, the U.S., Luxembourg, Germany, Switzerland, the UK, Belgium and the Netherlands, which together accounted for a further X saw the highest growth rate of the value of exports, in terms of 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

In 2019, the average export price for dried cod, whether or not salted amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, saw a perceptible contraction. The growth pace was the most rapid in 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per ton in 2008; however, from 2009 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the U.S. ($X per ton), while the average price for exports to the Netherlands ($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 Portugal

In 2019, imports of dried cod, whether or not salted into Portugal surged to X tons, with an increase of X% on the year before. Over the period under review, total imports indicated a strong expansion from 2007 to 2019: its volume 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 2009 with an increase of X% year-to-year. Imports peaked in 2019 and are likely to see gradual growth in years to come.

In value terms, imports of dried cod, whether or not salted soared to $X in 2019. Overall, total imports indicated a prominent increase from 2007 to 2019: its value 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, imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Imports peaked in 2019 and are likely to continue growth in the immediate term.

Imports by Country

In 2019, Sweden (X tons) constituted the largest supplier of dried cod, whether or not salted to Portugal, with a X% share of total imports. Moreover, imports of dried cod, whether or not salted from Sweden exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was occupied by Spain (X tons), with a X% share.

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

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

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

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, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. The import price peaked at $X per ton in 2008; however, from 2009 to 2019, import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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