Price for Dried Cod, Whether or Not Salted in Lithuania - 2023
Contents:
- Price for Dried Cod, Whether or Not Salted in Lithuania (FOB) - 2023
- Price for Dried Cod, Whether or Not Salted in Lithuania (CIF) - 2022
- Exports of Dried Cod, Whether or Not Salted in Lithuania
- Imports of Dried Cod, Whether or Not Salted in Lithuania
Price for Dried Cod, Whether or Not Salted in Lithuania (FOB) - 2023
The average export price for dried cod, whether or not salted stood at $31,484 per ton in October 2023, with an increase of 67% against the previous month. In general, the export price enjoyed a strong expansion. 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 January 2023 to October 2023, the rate of growth in terms of prices for the United States amounted to +0.5% per month.
Price for Dried Cod, Whether or Not Salted in Lithuania (CIF) - 2022
The average import price for dried cod, whether or not salted stood at $16,288 per ton in 2022, picking up by 2.7% against the previous year. In general, the import price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 241%. The import price peaked at $21,766 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Latvia.
From 2013 to 2022, the rate of growth in terms of prices for Germany amounted to +2.6% per year.
Exports of Dried Cod, Whether or Not Salted in Lithuania
After three years of growth, overseas shipments of dried cod, whether or not salted decreased by -33.9% to 27 tons in 2022. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 174,291%.
In value terms, exports of dried cod, whether or not salted contracted significantly to $429K in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 226,287% against the previous year.
| Export of Dried Cod, Whether or Not Salted in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 405 | 648 | 426 | 2.6% |
| Others | 0.2 | N/A | 0.1 | 3.1 | 149.3% |
| Total | 0.2 | 405 | 648 | 429 | 1189.7% |
Top Export Markets for Dried Cod, Whether or Not Salted from Lithuania in 2022:
- United States (26.9 tons)
Imports of Dried Cod, Whether or Not Salted in Lithuania
In 2022, purchases abroad of dried cod, whether or not salted decreased by -50.3% to 20 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 53,067% against the previous year.
In value terms, imports of dried cod, whether or not salted declined sharply to $330K in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 181,131%.
| Import of Dried Cod, Whether or Not Salted in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | N/A | 405 | 648 | 327 | -10.1% |
| Norway | N/A | 3.8 | N/A | 3.3 | -6.8% |
| Others | 0.2 | 0.6 | 0.1 | N/A | -29.3% |
| Total | 0.2 | 410 | 648 | 330 | 1081.7% |
Top Suppliers of Dried Cod, Whether or Not Salted to Lithuania in 2022:
- Latvia (20.2 tons)
- Norway (0.1 tons)
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