Report Update: May 1, 2024

U.S. - Dried Cod, Whether Or Not Salted - Market Analysis, Forecast, Size, Trends And Insights

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Price for Dried Cod, Whether or Not Salted in the United States - 2023

Price for Dried Cod, Whether or Not Salted in the United States (CIF) - 2023

In December 2023, the average import price for dried cod, whether or not salted amounted to $12,793 per ton, reducing by -2.9% against the previous month. Overall, the import price saw a noticeable slump. The pace of growth was the most pronounced in July 2023 an increase of 52% m-o-m. Over the period under review, average import prices attained the maximum at $16,972 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Norway ($17,046 per ton), while the price for China ($7,548 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Portugal (-0.3%), while the prices for the other major suppliers experienced a decline.

Price for Dried Cod, Whether or Not Salted in the United States (FOB) - 2022

In 2022, the average export price for dried cod, whether or not salted amounted to $2,991 per ton, increasing by 44% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to -1.7% per year.

Imports of Dried Cod, Whether or Not Salted in the United States

After two years of decline, purchases abroad of dried cod, whether or not salted increased by 9.8% to 1.4K tons in 2022. Overall, imports, however, recorded a relatively flat trend pattern.

In value terms, imports of dried cod, whether or not salted surged to $18M in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Dried Cod, Whether or Not Salted in the United States (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	9.1	8.5	8.1	9.5	1.4%
Canada	5.0	5.4	4.9	6.8	10.8%
Portugal	1.4	1.0	1.3	1.2	-5.0%
Latvia	N/A	N/A	N/A	0.6	0%
China	0.6	0.3	0.2	0.1	-45.0%
Others	0.1	N/A	0.1	0.1	0.0%
Total	16.2	15.2	14.6	18.3	4.1%

Top Suppliers of Dried Cod, Whether or Not Salted to the United States in 2022:

Canada (595.8 tons)
Norway (589.2 tons)
Portugal (99.6 tons)
Latvia (44.2 tons)
China (9.2 tons)

Exports of Dried Cod, Whether or Not Salted in the United States

In 2022, shipments abroad of dried cod, whether or not salted decreased by -60.6% to 18 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a sharp decline. The growth pace was the most rapid in 2020 when exports increased by 16%. As a result, the exports reached the peak of 51 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of dried cod, whether or not salted declined notably to $55K in 2022. Overall, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, the exports attained the peak of $150K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Dried Cod, Whether or Not Salted in the United States (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	128	144	96.2	54.6	-24.7%
Others	2.6	5.8	N/A	N/A	123.1%
Total	131	150	96.2	54.6	-25.3%

Top Export Markets for Dried Cod, Whether or Not Salted from the United States in 2022:

Canada (18.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for dried cod, whether or not salted in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023