U.S.: Market for Cod, Salted or in Brine 2024

Market Size for Cod, Salted or in Brine in the U.S.

The U.S. market for cod, salted or in brine dropped modestly to $X in 2022, approximately equating the previous year. Overall, consumption showed a abrupt curtailment. Cod, salted or in brine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Cod, Salted or in Brine in the U.S.

In value terms, cod, salted or in brine production declined to $X in 2022. In general, production showed a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Cod, salted or in brine production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Cod, Salted or in Brine

Exports from the U.S.

Cod, salted or in brine exports from the United States contracted sharply to X tons in 2022, with a decrease of X% against the previous year's figure. In general, exports faced a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cod, salted or in brine exports declined rapidly to $X in 2022. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cayman Islands (X tons) was the main destination for cod, salted or in brine exports from the United States, accounting for a X% share of total exports. Moreover, cod, salted or in brine exports to Cayman Islands exceeded the volume sent to the second major destination, Jamaica (X tons), fivefold. The UK (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cayman Islands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and the UK (X% per year).

In value terms, Cayman Islands ($X) remains the key foreign market for cod, salted or in brine exports from the United States, comprising X% of total exports. The second position in the ranking was held by Bahamas ($X), with an X% share of total exports. It was followed by Jamaica, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cayman Islands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (X% per year) and Jamaica (X% per year).

Export Prices by Country

In 2022, the average export price for cod, salted or in brine amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while the average price for exports to Canada ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cod, Salted or in Brine

Imports into the U.S.

In 2022, approx. X tons of cod, salted or in brine were imported into the United States; rising by X% against 2021. Overall, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, cod, salted or in brine imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Canada (X tons) was the main supplier of cod, salted or in brine to the United States, accounting for a X% share of total imports. Moreover, cod, salted or in brine imports from Canada exceeded the figures recorded by the second-largest supplier, Portugal (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Canada totaled X%.

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

From 2012 to 2022, the average annual growth rate of value from Canada stood at X%.

Import Prices by Country

In 2022, the average import price for cod, salted or in brine amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Portugal totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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