Norway: Market for Dried Cod, Whether Or Not Salted 2021

Market Size for Dried Cod, Whether Or Not Salted in Norway

In 2019, the Norwegian market for dried cod, whether or not salted increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2014 to 2019, the growth of the market failed to regain the momentum.

Production of Dried Cod, Whether Or Not Salted in Norway

In value terms, production of dried cod, whether or not salted expanded slightly to $X in 2019 estimated in export prices. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Production peaked at $X in 2011; however, from 2012 to 2019, production failed to regain the momentum.

Exports of Dried Cod, Whether Or Not Salted

Exports from Norway

Exports of dried cod, whether or not salted from Norway shrank slightly to X tons in 2019, approximately reflecting the previous year. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked at X tons in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

In value terms, exports of dried cod, whether or not salted totaled $X in 2019. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

Portugal (X tons) was the main destination for exports of dried cod, whether or not salted from Norway, accounting for a X% share of total exports. Moreover, exports of dried cod, whether or not salted to Portugal exceeded the volume sent to the second major destination, Brazil (X tons), fourfold. The third position in this ranking was occupied by Italy (X tons), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Portugal totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-X% per year) and Italy (-X% per year).

In value terms, Portugal ($X) remains the key foreign market for dried cod, whether or not salted exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Portugal amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-X% per year) and Brazil (-X% per year).

Export Prices by Country

In 2019, the average export price for dried cod, whether or not salted amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2008; however, from 2009 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced a decline.

Imports of Dried Cod, Whether Or Not Salted

Imports into Norway

In 2019, after four years of growth, there was significant decline in overseas purchases of dried cod, whether or not salted, when their volume decreased by -X% to X tons. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then plummeted in the following year.

In value terms, imports of dried cod, whether or not salted contracted remarkably to $X in 2019. Overall, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2019, China (X tons) constituted the largest dried cod, whether or not salted supplier to Norway, accounting for a X% share of total imports. Moreover, imports of dried cod, whether or not salted from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold.

From 2007 to 2019, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Denmark (-X% per year).

In value terms, China ($X) constituted the largest supplier of dried cod, whether or not salted to Norway, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Denmark (-X% per year).

Import Prices by Country

In 2019, the average import price for dried cod, whether or not salted amounted to $X per ton, declining by -X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank remarkably in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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