Price for Dried Cod, Whether or Not Salted in Uganda - 2022

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

The average import price for dried cod, whether or not salted stood at $10,504 per ton in 2022, with an increase of 7.3% against the previous year. Overall, the import price posted a buoyant increase. The growth pace was the most rapid in 2019 when the average import price increased by 566% against the previous year. As a result, import price reached the peak level of $18,005 per ton. From 2020 to 2022, the average import prices remained at a 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 Portugal ($27,860 per ton), while the price for Tanzania amounted to $1,514 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for dried cod, whether or not salted stood at $456 per ton in 2022, declining by -8.9% against the previous year. In general, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 102% against the previous year. As a result, the export price attained the peak level of $1,987 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,002 per ton), while the average price for exports to Canada amounted to $8.1 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-24.0%).

Imports of Dried Cod, Whether or Not Salted in Uganda

In 2022, the amount of dried cod, whether or not salted imported into Uganda declined rapidly to 357 kg, shrinking by -52.7% on 2021. Over the period under review, imports showed a sharp decrease. The pace of growth was the most pronounced in 2021 when imports increased by 12,483% against the previous year.

In value terms, imports of dried cod, whether or not salted shrank remarkably to $3.8K in 2022. Overall, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 6,744%.

Import of Dried Cod, Whether or Not Salted in Uganda (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	5.2	0.1	3.3	1.6	-32.5%
Tanzania	0.6	N/A	0.8	0.4	-12.6%
Norway	2.9	N/A	N/A	N/A	0%
Others	11.0	N/A	3.3	1.8	-45.3%
Total	19.7	0.1	7.4	3.8	-42.2%

Top Suppliers of Dried Cod, Whether or Not Salted to Uganda in 2022:

Tanzania (243.0 kg)
Portugal (57.0 kg)

Exports of Dried Cod, Whether or Not Salted in Uganda

Exports of dried cod, whether or not salted from Uganda expanded sharply to 5.8 tons in 2022, with an increase of 14% against the previous year. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 42% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of dried cod, whether or not salted expanded to $2.7K in 2022. Over the period under review, exports, however, recorded a abrupt slump.