Spain - Dried Cod, Whether Or Not Salted - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Spain - Dried Cod, Whether Or Not Salted - Market Analysis, Forecast, Size, Trends And Insights

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Price for Dried Cod, Whether or Not Salted in Spain - 2023

Contents:

  1. Price for Dried Cod, Whether or Not Salted in Spain (FOB) - 2023
  2. Price for Dried Cod, Whether or Not Salted in Spain (CIF) - 2023
  3. Exports of Dried Cod, Whether or Not Salted in Spain
  4. Imports of Dried Cod, Whether or Not Salted in Spain

Price for Dried Cod, Whether or Not Salted in Spain (FOB) - 2023

The average export price for dried cod, whether or not salted stood at $10,644 per ton in November 2023, falling by -6.6% against the previous month. Overall, the export price showed a slight curtailment. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 40% against the previous month. The export price peaked at $12,659 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Italy ($19,323 per ton), while the average price for exports to Croatia ($4,370 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Dried Cod, Whether or Not Salted in Spain (CIF) - 2023

In November 2023, the average import price for dried cod, whether or not salted amounted to $10,594 per ton, shrinking by -11.5% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 30% m-o-m. The import price peaked at $11,976 per ton in October 2023, and then declined in the following month.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Norway ($13,926 per ton), while the price for Portugal ($8,886 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Denmark (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Dried Cod, Whether or Not Salted in Spain

In 2022, exports of dried cod, whether or not salted from Spain declined significantly to 1.3K tons, dropping by -29.3% against 2021. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. As a result, the exports reached the peak of 1.8K tons, and then reduced rapidly in the following year.

In value terms, exports of dried cod, whether or not salted dropped significantly to $14M in 2022. In general, exports continue to indicate a mild descent. The growth pace was the most rapid in 2020 with an increase of 13% against the previous year.

Export of Dried Cod, Whether or Not Salted in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France3.56.78.56.221.0%
Italy4.85.45.63.7-8.3%
Portugal4.63.02.82.6-17.3%
Netherlands0.50.30.50.4-7.2%
Andorra0.30.30.30.2-12.6%
CroatiaN/A0.10.10.10.0%
Others0.30.10.10.30.0%
Total14.115.917.913.6-1.2%

Top Export Markets for Dried Cod, Whether or Not Salted from Spain in 2022:

  1. France (677.3 tons)
  2. Portugal (256.9 tons)
  3. Italy (226.6 tons)
  4. Netherlands (65.0 tons)
  5. Croatia (40.2 tons)
  6. Andorra (16.6 tons)

Imports of Dried Cod, Whether or Not Salted in Spain

For the third year in a row, Spain recorded decline in supplies from abroad of dried cod, whether or not salted, which decreased by -8.2% to 1.1K tons in 2022. Over the period under review, imports recorded a drastic downturn. The smallest decline of -7.8% was in 2020.

In value terms, imports of dried cod, whether or not salted reduced to $8.3M in 2022. Overall, imports faced a deep reduction.

Import of Dried Cod, Whether or Not Salted in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands1.31.04.43.032.1%
Norway1.01.00.52.026.0%
Iceland6.54.50.91.0-46.4%
Germany0.20.40.11.071.0%
Portugal0.50.40.40.50.0%
France0.2N/A0.50.426.0%
CroatiaN/AN/AN/A0.30%
Denmark0.60.90.7N/A8.0%
Sweden1.22.00.6N/A-29.3%
United Kingdom0.20.3N/AN/A50.0%
Others0.10.10.5N/A123.6%
Total11.910.88.68.3-11.3%

Top Suppliers of Dried Cod, Whether or Not Salted to Spain in 2022:

  1. Netherlands (416.7 tons)
  2. Norway (247.8 tons)
  3. Germany (159.9 tons)
  4. Iceland (106.1 tons)
  5. Portugal (77.1 tons)
  6. France (41.6 tons)
  7. Croatia (25.4 tons)
  8. Denmark (5.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for dried cod, whether or not salted in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

    Country coverage:

    • Spain

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Spain
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS
    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030
    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT
    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES
    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS
    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023
    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023
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    Free Data: Fish; cod (gadus morhua, gadus ogac, gadus macrocephalus), dried (whether or not salted but not smoked) - Spain