United Kingdom: Market for Cod, Salted or in Brine 2024

Market Size for Cod, Salted or in Brine in the UK

The UK market for cod, salted or in brine declined modestly to $X in 2022, falling by X% against the previous year. In general, consumption recorded a perceptible shrinkage. Cod, salted or in brine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Cod, Salted or in Brine in the UK

In value terms, cod, salted or in brine production fell to $X in 2022 estimated in export price. Overall, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Cod, Salted or in Brine

Exports from the UK

In 2022, the amount of cod, salted or in brine exported from the UK reduced markedly to X tons, dropping by X% against 2021 figures. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, cod, salted or in brine exports declined remarkably to $X in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

Portugal (X tons), Canada (X tons) and Spain (X tons) were the main destinations of cod, salted or in brine exports from the UK.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for cod, salted or in brine exported from the UK were Canada ($X), Portugal ($X) and Spain ($X).

Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for cod, salted or in brine stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Portugal ($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 the UK

In 2022, approx. X tons of cod, salted or in brine were imported into the UK; waning by X% compared with the previous year. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cod, salted or in brine imports shrank sharply to $X in 2022. In general, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Norway (X tons) was the main cod, salted or in brine supplier to the UK, with a X% share of total imports. It was followed by Faroe Islands (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Faroe Islands (X% per year) and Portugal (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Norway stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Faroe Islands (X% per year).

Import Prices by Country

In 2022, the average import price for cod, salted or in brine amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Faroe Islands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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