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

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

In 2019, the Romanian market for dried cod, whether or not salted decreased by -X% to $X, falling for the fifth year in a row after three years of growth. Overall, consumption continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Production of Dried Cod, Whether Or Not Salted in Romania

In value terms, production of dried cod, whether or not salted reduced to $X in 2019 estimated in export prices. In general, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Production peaked at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Exports of Dried Cod, Whether Or Not Salted

Exports from Romania

For the fifth year in a row, Romania recorded growth in shipments abroad of dried cod, whether or not salted, which increased by X% to X tons in 2019. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. From 2010 to 2019, the growth of exports remained at a somewhat lower figure.

In value terms, exports of dried cod, whether or not salted shrank to $X in 2019. In general, exports, however, recorded a abrupt decline. Exports peaked at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for exports of dried cod, whether or not salted from Romania, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Spain amounted to +X%.

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

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

Export Prices by Country

In 2019, the average export price for dried cod, whether or not salted amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price saw a deep downturn. As a result, export price attained the peak level of $X per ton. From 2009 to 2019, the growth in terms of the average export prices failed to regain the momentum.

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

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

Imports of Dried Cod, Whether Or Not Salted

Imports into Romania

For the third consecutive year, Romania recorded growth in overseas purchases of dried cod, whether or not salted, which increased by X% to X kg in 2019. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. As a result, imports attained the peak of X tons. From 2014 to 2019, the growth of imports remained at a lower figure.

In value terms, imports of dried cod, whether or not salted shrank to $X in 2019. Over the period under review, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. From 2014 to 2019, the growth of imports remained at a lower figure.

Imports by Country

In 2019, Hungary (X kg) constituted the largest supplier of dried cod, whether or not salted to Romania, accounting for a X% share of total imports. Moreover, imports of dried cod, whether or not salted from Hungary exceeded the figures recorded by the second-largest supplier, Norway (X kg), threefold.

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

In value terms, the largest dried cod, whether or not salted suppliers to Romania were Hungary ($X), Norway ($X) and the Netherlands ($X), with a combined X% share of total imports.

Norway recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average import price for dried cod, whether or not salted amounted to $X per ton, falling by -X% against the previous year. In general, the import price recorded a deep setback. The pace of growth was the most pronounced in 2014 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2007; however, from 2008 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Norway, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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