Asia: Market for Cod, Salted or in Brine 2024

Market Size for Cod, Salted or in Brine in Asia

The Asian market for cod, salted or in brine contracted to $X in 2023, leveling off at the previous year. Overall, consumption continues to indicate a mild descent. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Production of Cod, Salted or in Brine in Asia

In value terms, cod, salted or in brine production reduced to $X in 2023 estimated in export price. In general, production showed a drastic downturn. The pace of growth was the most pronounced in 2022 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Cod, Salted or in Brine

Exports in Asia

In 2023, cod, salted or in brine exports in Asia dropped to X tons, shrinking by X% against the previous year's figure. Overall, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, cod, salted or in brine exports shrank to $X in 2023. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2023. Vietnam (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. China (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cod, salted or in brine supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in China stood at X%.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the export price increased by X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while China stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Imports of Cod, Salted or in Brine

Imports in Asia

In 2023, supplies from abroad of cod, salted or in brine decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports saw a noticeable reduction. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, cod, salted or in brine imports dropped to $X in 2023. Overall, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Vietnam (X tons) represented the major importer of cod, salted or in brine, making up X% of total imports. Japan (X tons) took the second position in the ranking, distantly followed by Hong Kong SAR (X tons). All these countries together held approx. X% share of total imports. The following importers - Cyprus (X tons) and Singapore (X tons) - each reached a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to cod, salted or in brine imports into Vietnam stood at X%. Singapore experienced a relatively flat trend pattern. Hong Kong SAR (X%), Cyprus (X%) and Japan (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Cyprus (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported cod, salted or in brine in Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In Vietnam, cod, salted or in brine imports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Japan (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, approximately mirroring the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cyprus ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cyprus (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform