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

United Kingdom - 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 the UK - 2023

Contents:

  1. Price for Dried Cod, Whether or Not Salted in the UK (CIF) - 2023
  2. Price for Dried Cod, Whether or Not Salted in the UK (FOB) - 2022
  3. Imports of Dried Cod, Whether or Not Salted in the UK
  4. Exports of Dried Cod, Whether or Not Salted in the UK

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

The average import price for dried cod, whether or not salted stood at $13,915 per ton in December 2023, shrinking by -19.6% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 38% month-to-month. Over the period under review, average import prices reached the peak figure at $18,000 per ton in June 2023; however, from July 2023 to December 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Norway ($19,564 per ton), while the price for Portugal stood at $13,043 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Portugal (+0.1%).

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

The average export price for dried cod, whether or not salted stood at $5,536 per ton in 2022, picking up by 41% against the previous year. In general, the export price saw a moderate expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 68% against the previous year. As a result, the export price attained the peak level of $11,455 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($12,999 per ton), while the average price for exports to Spain ($4,005 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 Nigeria (+1.7%), while the prices for the other major destinations experienced a decline.

Imports of Dried Cod, Whether or Not Salted in the UK

In 2022, the amount of dried cod, whether or not salted imported into the UK soared to 227 tons, jumping by 34% compared with 2021. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 109% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of dried cod, whether or not salted skyrocketed to $3.1M in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 158%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Dried Cod, Whether or Not Salted in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Norway1,0056991,9241,48413.9%
Portugal91.22125271,475152.9%
Iceland14539.98.840.1-34.8%
Others28.013.932.284.944.7%
Total1,2709652,4923,08434.4%

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

  1. Portugal (130.5 tons)
  2. Norway (86.6 tons)
  3. Iceland (3.2 tons)

Exports of Dried Cod, Whether or Not Salted in the UK

In 2022, approx. 432 tons of dried cod, whether or not salted were exported from the UK; reducing by -42% against 2021. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 17,853%. As a result, the exports reached the peak of 745 tons, and then fell sharply in the following year.

In value terms, exports of dried cod, whether or not salted shrank dramatically to $2.4M in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 6,034% against the previous year. As a result, the exports reached the peak of $2.9M, and then contracted remarkably in the following year.

Export of Dried Cod, Whether or Not Salted in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
DenmarkN/AN/AN/A1,0610%
United StatesN/AN/AN/A5330%
SpainN/AN/AN/A3370%
CanadaN/AN/AN/A2580%
PortugalN/AN/AN/A83.90%
Nigeria524N/A2,862N/A133.7%
Others99.647.655.61206.4%
Total62347.62,9172,39356.6%

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

  1. Denmark (252.9 tons)
  2. Spain (84.2 tons)
  3. United States (41.0 tons)
  4. Canada (30.4 tons)
  5. Portugal (20.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for dried cod, whether or not salted in the UK. 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:

    • United Kingdom

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in the UK
    • 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) - United Kingdom