Price for Dried Cod, Whether or Not Salted in Latvia - 2023
Contents:
- Price for Dried Cod, Whether or Not Salted in Latvia (FOB) - 2022
- Price for Dried Cod, Whether or Not Salted in Latvia (CIF) - 2022
- Exports of Dried Cod, Whether or Not Salted in Latvia
- Imports of Dried Cod, Whether or Not Salted in Latvia
Price for Dried Cod, Whether or Not Salted in Latvia (FOB) - 2022
The average export price for dried cod, whether or not salted stood at $15,418 per ton in 2022, picking up by 4.2% against the previous year. Overall, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 62%. As a result, the export price reached the peak level of $68,000 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($15,850 per ton), while the average price for exports to the UK ($13,789 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+13.2%).
Price for Dried Cod, Whether or Not Salted in Latvia (CIF) - 2022
In 2022, the average import price for dried cod, whether or not salted amounted to $19,333 per ton, waning by -2.6% against the previous year. Over the period under review, the import price, however, saw resilient growth. Over the period under review, average import prices hit record highs at $19,842 per ton in 2021, and then reduced slightly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Lithuania amounted to +19.6% per year.
Exports of Dried Cod, Whether or Not Salted in Latvia
In 2022, exports of dried cod, whether or not salted from Latvia skyrocketed to 24 tons, with an increase of 363% against 2021. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of dried cod, whether or not salted soared to $364K in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Dried Cod, Whether or Not Salted in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 174 | 176 | 73.2 | 316 | 22.0% |
| United Kingdom | N/A | N/A | N/A | 42.1 | 0% |
| Norway | 3.2 | 9.1 | 1.3 | 6.3 | 25.3% |
| Others | N/A | N/A | 1.1 | 0.1 | -90.9% |
| Total | 177 | 185 | 75.6 | 364 | 27.2% |
Top Export Markets for Dried Cod, Whether or Not Salted from Latvia in 2022:
- United States (20.2 tons)
- United Kingdom (3.1 tons)
- Norway (0.4 tons)
Imports of Dried Cod, Whether or Not Salted in Latvia
In 2022, the amount of dried cod, whether or not salted imported into Latvia declined remarkably to 6 kg, which is down by -68.4% on 2021 figures. In general, imports continue to indicate a sharp descent.
In value terms, imports of dried cod, whether or not salted dropped sharply to $116 in 2022. Over the period under review, imports recorded a dramatic downturn.
| Import of Dried Cod, Whether or Not Salted in Latvia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Germany | 377 | 116 | -69.2% | ||
| Others | N/A | N/A | 0% | ||
| Total | 377 | 116 | -69.2% | ||
Top Suppliers of Dried Cod, Whether or Not Salted to Latvia in 2022:
- Germany (6.0 kg)
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