Norway: Market for Cod, Salted or in Brine 2024

Market Size for Cod, Salted or in Brine in Norway

In 2022, the Norwegian market for cod, salted or in brine decreased by X% to $X, falling for the sixth year in a row after three years of growth. In general, consumption showed a perceptible reduction. Cod, salted or in brine consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Cod, Salted or in Brine in Norway

In value terms, cod, salted or in brine production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Cod, Salted or in Brine

Exports from Norway

In 2022, approx. X tons of cod, salted or in brine were exported from Norway; picking up by X% compared with 2021 figures. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, cod, salted or in brine exports soared to $X in 2022. The total export 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, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons) was the main destination for cod, salted or in brine exports from Norway, accounting for a X% share of total exports. Moreover, cod, salted or in brine exports to Portugal exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold. The third position in this ranking was taken by Greece (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Greece (X% per year).

In value terms, Portugal ($X) remains the key foreign market for cod, salted or in brine exports from Norway, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Greece, with a X% share.

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

Export Prices by Country

In 2022, the average export price for cod, salted or in brine amounted to $X per ton, rising by X% against the previous year. Overall, export price indicated a noticeable expansion 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, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Canada ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cod, Salted or in Brine

Imports into Norway

In 2022, supplies from abroad of cod, salted or in brine decreased by X% to X kg, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cod, salted or in brine imports contracted notably to $X in 2022. Over the period under review, imports faced a dramatic decline. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

In 2022, the average import price for cod, salted or in brine amounted to $X per ton, declining by X% against the previous year. In general, the import price saw a mild contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 Brazil ($X per ton), while the price for China totaled $X per ton.

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

Source: IndexBox Platform

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