Argentina: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Argentina

For the third consecutive year, the Argentinian market for frozen scallops, including queen scallop recorded decline in sales value, which decreased by -59.7% to $X in 2021. Over the period under review, consumption saw a deep downturn. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Frozen Scallops, Including Queen Scallop in Argentina

In value terms, frozen scallops, including queen scallop production rose rapidly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 28% against the previous year. Frozen scallops, including queen scallop production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Argentina

For the third consecutive year, Argentina recorded growth in overseas shipments of frozen scallops, including queen scallop, which increased by 95% to X tons in 2021. Overall, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by 131% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, frozen scallops, including queen scallop exports surged to $X in 2021. In general, exports showed a pronounced expansion. The pace of growth was the most pronounced in 2017 with an increase of 180% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons), the United States (X tons) and the UK (X tons) were the main destinations of frozen scallops, including queen scallop exports from Argentina, together accounting for 64% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +7.5%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for frozen scallops, including queen scallop exported from Argentina were France ($X), the United States ($X) and the UK ($X), with a combined 63% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +8.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for frozen scallops, including queen scallop amounted to $X per ton, reducing by -2% against the previous year. In general, the export price continues to indicate a slight slump. The growth pace was the most rapid in 2014 an increase of 42%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Argentina

In 2021, supplies from abroad of frozen scallops, including queen scallop increased by 53% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 350% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, frozen scallops, including queen scallop imports dropped modestly to $X in 2021. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 570%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of frozen scallops, including queen scallop to Argentina, with a 45% share of total imports. Moreover, frozen scallops, including queen scallop imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from Spain was relatively modest.

In value terms, Spain ($X) constituted the largest supplier of frozen scallops, including queen scallop to Argentina, comprising 35% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain was relatively modest.

Import Prices by Country

In 2021, the average import price for frozen scallops, including queen scallop amounted to $X per ton, declining by -38% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 49%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+20.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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