Price for Dried Cod, Whether or Not Salted in Estonia - 2023

Price for Dried Cod, Whether or Not Salted in Estonia (FOB) - 2022

In 2022, the average export price for dried cod, whether or not salted amounted to $14,457 per ton, declining by -9.4% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 5.7%. The export price peaked at $33,760 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($24,500 per ton), while the average price for exports to Germany ($14,203 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+0.3%), while the prices for the other major destinations experienced a decline.

Price for Dried Cod, Whether or Not Salted in Estonia (CIF) - 2022

In 2022, the average import price for dried cod, whether or not salted amounted to $116,000 per ton, standing approx. at the previous year. Over the period under review, the import price saw significant growth. The most prominent rate of growth was recorded in 2020 a decrease of 99.9%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Iceland.

From 2019 to 2022, the rate of growth in terms of prices for Iceland amounted to 0.0% per year.

Exports of Dried Cod, Whether or Not Salted in Estonia

In 2022, overseas shipments of dried cod, whether or not salted decreased by -41.8% to 23 tons, falling for the second year in a row after two years of growth. In general, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 123%. As a result, the exports attained the peak of 43 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 significantly to $337K in 2022. Overall, exports, however, recorded a measured increase. The growth pace was the most rapid in 2020 with an increase of 123% against the previous year. As a result, the exports attained the peak of $678K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Dried Cod, Whether or Not Salted in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	282	657	624	314	3.6%
Lithuania	12.3	10.8	4.8	17.0	11.4%
Others	10.4	10.0	10.3	6.7	-13.6%
Total	304	678	639	337	3.5%

Top Export Markets for Dried Cod, Whether or Not Salted from Estonia in 2022:

Germany (22.1 tons)
Lithuania (0.7 tons)

Imports of Dried Cod, Whether or Not Salted in Estonia

After two years of decline, supplies from abroad of dried cod, whether or not salted decreased by 0% to 2 kg in 2022. Overall, imports recorded a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of dried cod, whether or not salted amounted to $232 in 2022. In general, imports posted significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.