Overview of the Global Market for Dried Cod, Whether Or Not Salted

Market Size for Dried Cod, Whether Or Not Salted

The global market for dried cod, whether or not salted expanded to $X in 2019, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. Global consumption peaked in 2019 and is expected to retain growth in the near future.

Production of Dried Cod, Whether Or Not Salted

In value terms, production of dried cod, whether or not salted totaled $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, global production reached the maximum level in 2019 and is likely to continue growth in the immediate term.

Production By Country

China (X tons) remains the largest dried cod, whether or not salted producing country worldwide, accounting for X% of total volume. Moreover, production of dried cod, whether or not salted in China exceeded the figures recorded by the second-largest producer, India (X tons), twofold. Norway (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in China stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Norway (+X% per year).

Exports of Dried Cod, Whether Or Not Salted

Exports

In 2019, global exports of dried cod, whether or not salted shrank to X tons, with a decrease of -X% against the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Global exports peaked at X tons in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

In value terms, exports of dried cod, whether or not salted stood at $X in 2019. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, global exports attained the peak figure at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

Norway represented the largest exporter of dried cod, whether or not salted in the world, with the volume of exports finishing at X tons, which was near X% of total exports in 2019. Sweden (X tons) ranks second in terms of the total exports with a X% share, followed by Portugal (X%), the Netherlands (X%) and Germany (X%). Denmark (X tons) and China (X tons) occupied a relatively small share of total exports.

Norway experienced a relatively flat trend pattern with regard to volume of exports of dried cod, whether or not salted. At the same time, the Netherlands (+X%), Denmark (+X%) and Sweden (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. Germany experienced a relatively flat trend pattern. By contrast, Portugal (-X%) and China (-X%) illustrated a downward trend over the same period. The Netherlands (+X p.p.), Sweden (+X p.p.) and Denmark (+X p.p.) significantly strengthened its position in terms of the global exports, while Portugal and China saw its share reduced by -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest dried cod, whether or not salted supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Sweden ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Norway was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (+X% per year) and Germany (+X% per year).

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. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% y-o-y. Global export price peaked at $X per ton in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Germany ($X per ton), while the Netherlands ($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 other global leaders experienced mixed trends in the export price figures.

Imports of Dried Cod, Whether Or Not Salted

Imports

In 2019, purchases abroad 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. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Over the period under review, global imports attained the peak figure at X tons in 2012; however, from 2013 to 2019, imports remained at a lower figure.

In value terms, imports of dried cod, whether or not salted totaled $X in 2019. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Global imports peaked at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Portugal (X tons) represented the major importer of dried cod, whether or not salted, comprising X% of total imports. It was distantly followed by Sweden (X tons), Germany (X tons) and France (X tons), together creating a X% share of total imports. Italy (X tons), Denmark (X tons), Canada (X tons), Spain (X tons), Mexico (X tons), Nigeria (X tons), Brazil (X tons) and the U.S. (X tons) took a minor share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Germany, while imports for the other global leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Sweden ($X) and Germany ($X) were the countries with the highest levels of imports in 2019, with a combined X% share of global imports.

Germany saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average import price for dried cod, whether or not salted amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure 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 importing countries. In 2019, the country with the highest price was Italy ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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