In 2023, the global frozen cod import market showed notable diversity, with the United Kingdom leading at $50.34 million, followed closely by Sweden and Brazil. Canada experienced a significant growth rate with an 11.08% increase, which may be attributed to rising consumer demand. Conversely, the United States and Brazil saw declines, indicating potential market saturation or competitive pressures. Smaller markets like Australia and Slovakia showed impressive growth rates of 23.1% and 33.75%, respectively, suggesting emerging opportunities.
Future trends to watch include increased imports into rapidly growing markets, the influence of sustainable fishing practices on supply chains, and the potential impacts of trade regulations and tariffs on import patterns. Observing consumer shifts towards convenience foods could also bolster frozen cod demand in certain regions.
Top countries in Frozen Cod Imports by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 50,342,000 | 2023 | -0.45% | +9.07% | View data |
| 2 | 2 Sweden | 47,929,000 | 2023 | +0.95% | +1.76% | View data |
| 3 | 3 Brazil | 43,655,000 | 2023 | +4.6% | -0.8% | View data |
| 4 | 4 France | 26,551,000 | 2023 | +5.19% | -2.38% | View data |
| 5 | 5 Canada | 20,525,000 | 2023 | -6.19% | +11.08% | View data |
| 6 | 6 United States | 12,707,000 | 2023 | -2.13% | -8.79% | View data |
| 7 | 7 Malaysia | 3,903,300 | 2023 | +16.18% | -1.45% | View data |
| 8 | 8 Australia | 469,200 | 2023 | +19.95% | +23.1% | View data |
| 9 | 9 Iceland | 296,210 | 2023 | -37.6% | -5.88% | View data |
| 10 | 10 Slovakia | 141,270 | 2023 | -1.19% | +33.75% | View data |
