Latin America and the Caribbean: Market for Dried Cod, Whether Or Not Salted 2021

Market Size for Dried Cod, Whether Or Not Salted in Latin America and the Caribbean

The Latin American market for dried cod, whether or not salted shrank to $X in 2019, reducing by -X% against the previous year. Overall, consumption, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2011 to 2019, the growth of the market remained at a lower figure.

Production of Dried Cod, Whether Or Not Salted in Latin America and the Caribbean

In value terms, production of dried cod, whether or not salted reduced to $X in 2019 estimated in export prices. Over the period under review, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level at $X in 2008; however, from 2009 to 2019, production failed to regain the momentum.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of production of dried cod, whether or not salted in 2019 were Colombia (X tons), Chile (X tons) and Ecuador (X tons), together comprising X% of total production.

From 2007 to 2019, the most notable rate of growth in terms of production of dried cod, whether or not salted, amongst the main producing countries, was attained by Colombia, while production of dried cod, whether or not salted for the other leaders experienced a decline in the production figures.

Exports of Dried Cod, Whether Or Not Salted

Exports in Latin America and the Caribbean

In 2019, shipments abroad of dried cod, whether or not salted increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports posted a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. As a result, exports reached the peak of X tons. From 2015 to 2019, the growth of exports remained at a somewhat lower figure.

In value terms, exports of dried cod, whether or not salted totaled $X in 2019. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2015 to 2019, the growth of exports failed to regain the momentum.

Exports by Country

Colombia dominates exports of dried cod, whether or not salted structure, accounting for X tons, which was approx. X% of total exports in 2019. It was distantly followed by the Dominican Republic (X tons), making up a X% share of total exports.

Colombia was also the fastest-growing in terms of the dried cod, whether or not salted exports, with a CAGR of +X% from 2007 to 2019. The Dominican Republic experienced a relatively flat trend pattern. While the share of Colombia (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of the Dominican Republic (-X p.p.) displayed negative dynamics.

In value terms, Colombia ($X) emerged as the largest dried cod, whether or not salted supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by the Dominican Republic ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value in Colombia totaled +X%.

Export Prices by Country

The export price for dried cod, whether or not salted in Latin America and the Caribbean stood at $X per ton in 2019, falling by -X% against the previous year. Overall, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, export price attained the peak level of $X per ton. From 2018 to 2019, the growth in terms of the export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Dominican Republic ($X per ton), while Colombia amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Colombia.

Imports of Dried Cod, Whether Or Not Salted

Imports in Latin America and the Caribbean

In 2019, overseas purchases of dried cod, whether or not salted were finally on the rise to reach X tons after six years of decline. Overall, imports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. As a result, imports attained the peak of X tons. From 2011 to 2019, the growth of imports remained at a lower figure.

In value terms, imports of dried cod, whether or not salted expanded notably to $X in 2019. Over the period under review, imports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2019, imports remained at a lower figure.

Imports by Country

Mexico (X tons) and Brazil (X tons) prevails in imports of dried cod, whether or not salted structure, together making up X% of total imports. The following importers - Venezuela (X tons), Jamaica (X tons), Suriname (X tons), Saint Vincent and the Grenadines (X tons) and Barbados (X tons) - together made up X% 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 Jamaica, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dried cod, whether or not salted importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Venezuela ($X), with a combined X% share of total imports. Jamaica, Barbados, Suriname and Saint Vincent and the Grenadines lagged somewhat behind, together comprising a further X terms of the main importing countries, Jamaica saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2019, the import price for dried cod, whether or not salted in Latin America and the Caribbean amounted to $X per ton, remaining stable against the previous year. In general, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Over the period under review, import prices reached the peak figure at $X per ton in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Brazil ($X per ton), while Suriname ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Barbados, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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