Portugal: Market for Cod, Salted or in Brine 2024

Market Size for Cod, Salted or in Brine in Portugal

The Portuguese market for cod, salted or in brine soared to $X in 2022, rising by X% against the previous year. Overall, consumption, however, continues to indicate a slight decline. Cod, salted or in brine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Cod, Salted or in Brine in Portugal

In value terms, cod, salted or in brine production expanded to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Cod, salted or in brine production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Cod, Salted or in Brine

Exports from Portugal

After two years of growth, overseas shipments of cod, salted or in brine decreased by X% to X tons in 2022. Over the period under review, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, cod, salted or in brine exports fell remarkably to $X in 2022. Overall, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

Angola (X tons), Spain (X tons) and France (X tons) were the main destinations of cod, salted or in brine exports from Portugal, with a combined X% share of total exports. China, Vietnam and Luxembourg lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cod, salted or in brine exported from Portugal were Angola ($X), Spain ($X) and France ($X), with a combined X% share of total exports. China, Luxembourg and Vietnam lagged somewhat behind, together comprising a further X%.

Luxembourg, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for cod, salted or in brine amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X 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 Angola ($X per ton), while the average price for exports to China ($X 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 Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cod, Salted or in Brine

Imports into Portugal

In 2022, cod, salted or in brine imports into Portugal soared to X tons, with an increase of X% on the previous year. In general, imports showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cod, salted or in brine imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest cod, salted or in brine supplier to Portugal, accounting for a X% share of total imports. Moreover, cod, salted or in brine imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. The third position in this ranking was held by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Russia (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cod, salted or in brine to Portugal, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Russia (X% per year).

Import Prices by Country

The average import price for cod, salted or in brine stood at $X per ton in 2022, picking up by X% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iceland ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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