U.S.: Market for Dried Cod, Whether Or Not Salted 2021

Market Size for Dried Cod, Whether Or Not Salted in the U.S.

The U.S. market for dried cod, whether or not salted rose remarkably to $X in 2019, growing by X% against the previous year. In general, consumption, however, recorded prominent growth. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2019, consumption remained at a lower figure.

Production of Dried Cod, Whether Or Not Salted in the U.S.

In value terms, production of dried cod, whether or not salted surged to $X in 2019. Over the period under review, production, however, saw a deep contraction. Production peaked at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.

Exports of Dried Cod, Whether Or Not Salted

Exports from the U.S.

In 2019, approx. X tons of dried cod, whether or not salted were exported from the U.S.; waning by -X% compared with the previous year. Overall, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Exports peaked at X tons in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, exports of dried cod, whether or not salted declined remarkably to $X in 2019. Over the period under review, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Antigua and Barbuda (X tons) was the main destination for exports of dried cod, whether or not salted from the U.S., with a X% share of total exports. Moreover, exports of dried cod, whether or not salted to Antigua and Barbuda exceeded the volume sent to the second major destination, Portugal (X tons), threefold. The third position in this ranking was occupied by Canada (X tons), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Antigua and Barbuda stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-X% per year) and Canada (-X% per year).

In value terms, the largest markets for dried cod, whether or not salted exported from the U.S. were Portugal ($X), Antigua and Barbuda ($X) and Australia ($X), with a combined X% share of total exports.

Australia recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for dried cod, whether or not salted stood at $X per ton in 2019, growing by X% against the previous year. In general, the export price, however, recorded a abrupt descent. Over the period under review, average export prices reached the peak figure at $X per ton in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Australia ($X per ton), while the average price for exports to Canada ($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 more modest paces of growth.

Imports of Dried Cod, Whether Or Not Salted

Imports into the U.S.

In 2019, the amount of dried cod, whether or not salted imported into the U.S. fell to X tons, which is down by -X% compared with the year before. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

In value terms, imports of dried cod, whether or not salted stood at $X in 2019. Over the period under review, total imports indicated notable growth 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 decreased by -X% against 2016 indices. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

Imports by Country

Norway (X tons), Canada (X tons) and Portugal (X tons) were the main suppliers of imports of dried cod, whether or not salted to the U.S., together comprising X% of total imports.

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

In value terms, Norway ($X), Canada ($X) and Portugal ($X) appeared to be the largest dried cod, whether or not salted suppliers to the U.S., with a combined X% share of total imports.

Norway recorded 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. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs in 2019 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were Norway ($X per ton) and China ($X per ton), while the price for Portugal ($X per ton) and Canada ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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