Price for Dried Cod, Whether or Not Salted in Tanzania - 2022

Contents:

1. Price for Dried Cod, Whether or Not Salted in Tanzania (CIF) - 2022
2. Price for Dried Cod, Whether or Not Salted in Tanzania (FOB) - 2022
3. Imports of Dried Cod, Whether or Not Salted in Tanzania
4. Exports of Dried Cod, Whether or Not Salted in Tanzania

Price for Dried Cod, Whether or Not Salted in Tanzania (CIF) - 2022

In 2022, the average import price for dried cod, whether or not salted amounted to $13,071 per ton, shrinking by -3.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2017 an increase of 16%. Over the period under review, average import prices hit record highs at $13,557 per ton in 2021, and then contracted slightly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to +2.7% per year.

Price for Dried Cod, Whether or Not Salted in Tanzania (FOB) - 2022

In 2022, the average export price for dried cod, whether or not salted amounted to $6,600 per ton, remaining stable against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 2.9% against the previous year. Over the period under review, the average export prices attained the maximum at $8,136 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($7,056 per ton), while the average price for exports to Belgium ($1,000 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 Uganda (-3.5%).

Imports of Dried Cod, Whether or Not Salted in Tanzania

In 2022, after three years of growth, there was decline in supplies from abroad of dried cod, whether or not salted, when their volume decreased by -4.5% to 84 kg. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 11%.

In value terms, imports of dried cod, whether or not salted reduced to $1.1K in 2022. The total import value increased at an average annual rate of +10.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 24%.

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

1. Norway (84.0 kg)

Exports of Dried Cod, Whether or Not Salted in Tanzania

In 2022, shipments abroad of dried cod, whether or not salted was finally on the rise to reach 40 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a significant decrease.

In value terms, exports of dried cod, whether or not salted expanded notably to $264 in 2022. Overall, exports, however, showed a sharp setback.

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

1. Rwanda (36.0 kg)
2. Uganda (2.0 kg)
3. Belgium (1.0 kg)

Source: IndexBox Market Intelligence Platform