United Kingdom: Market for Dried Cod, Whether Or Not Salted 2021

Market Size for Dried Cod, Whether Or Not Salted in the UK

In 2019, the UK market for dried cod, whether or not salted decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a deep setback. The most prominent rate of growth was recorded in 2016 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.

Production of Dried Cod, Whether Or Not Salted in the UK

In value terms, production of dried cod, whether or not salted fell remarkably to $X in 2019 estimated in export prices. In general, production continues to indicate a abrupt descent. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2019, production remained at a lower figure.

Exports of Dried Cod, Whether Or Not Salted

Exports from the UK

In 2019, approx. X tons of dried cod, whether or not salted were exported from the UK; which is down by -X% on the previous year's figure. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Exports peaked at X tons in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

In value terms, exports of dried cod, whether or not salted fell remarkably to $X in 2019. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2016; however, from 2017 to 2019, exports remained at a lower figure.

Exports by Country

Nigeria (X tons) was the main destination for exports of dried cod, whether or not salted from the UK, accounting for a X% share of total exports. Moreover, exports of dried cod, whether or not salted to Nigeria exceeded the volume sent to the second major destination, Ireland (X tons), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Nigeria amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-X% per year) and Barbados (-X% per year).

In value terms, Nigeria ($X) remains the key foreign market for dried cod, whether or not salted exports from the UK, comprising X% of total exports. The second position in the ranking was occupied by Ireland ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Nigeria stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-X% per year) and Barbados (-X% per year).

Export Prices by Country

In 2019, the average export price for dried cod, whether or not salted amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2016 an increase of X% y-o-y. The export price peaked 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 foreign markets. In 2019, the country with the highest price was Ireland ($X per ton), while the average price for exports to Nigeria ($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 Barbados, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dried Cod, Whether Or Not Salted

Imports into the UK

In 2019, overseas purchases of dried cod, whether or not salted increased by X% to X tons for the first time since 2012, thus ending a six-year declining trend. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

In value terms, imports of dried cod, whether or not salted soared to $X in 2019. In general, imports, however, faced a deep contraction. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Norway (X tons), Colombia (X tons) and Portugal (X tons) were the main suppliers of imports of dried cod, whether or not salted to the UK, with a combined X% share of total imports. Iceland and Myanmar lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar, while imports for the other leaders experienced a decline.

In value terms, the largest dried cod, whether or not salted suppliers to the UK were Norway ($X), Portugal ($X) and Colombia ($X), with a combined X% share of total imports. These countries were followed by Iceland and Myanmar, which together accounted for a further X saw 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 a decline.

Import Prices by Country

In 2019, the average import price for dried cod, whether or not salted amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2007 to 2019: its price 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, import price for dried cod, whether or not salted increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The import price peaked in 2019 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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