Bangladesh: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Bangladesh

The Bangladeshi market for frozen scallops, including queen scallop amounted to $X in 2021, flattening at the previous year. In general, consumption, however, enjoyed a significant increase. Frozen scallops, including queen scallop consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Frozen Scallops, Including Queen Scallop in Bangladesh

In value terms, frozen scallops, including queen scallop production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Bangladesh

In 2021, shipments abroad of frozen scallops, including queen scallop increased by 150% to X kg, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a abrupt descent. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a significant decline. The growth pace was the most rapid in 2015 with an increase of 99%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X kg) was the main destination for frozen scallops, including queen scallop exports from Bangladesh, accounting for a 92% share of total exports. Moreover, frozen scallops, including queen scallop exports to Malaysia exceeded the volume sent to the second major destination, Estonia (X kg), more than tenfold.

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

In value terms, Malaysia ($X) emerged as the key foreign market for frozen scallops, including queen scallop exports from Bangladesh, comprising 47% of total exports. The second position in the ranking was taken by Estonia ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia was relatively modest.

Export Prices by Country

The average export price for frozen scallops, including queen scallop stood at $X per ton in 2021, waning by -25.9% against the previous year. Over the period under review, the export price saw a pronounced slump. The pace of growth was the most pronounced in 2019 an increase of 78% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Malaysia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+13.9%).

Imports of Frozen Scallops, Including Queen Scallop

Imports into Bangladesh

In 2021, supplies from abroad of frozen scallops, including queen scallop increased by 12% to X tons, rising for the second year in a row after three years of decline. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 25,100%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, frozen scallops, including queen scallop imports rose markedly to $X in 2021. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 11,682% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Pakistan (X tons) was the main frozen scallops, including queen scallop supplier to Bangladesh, accounting for a 99% share of total imports. It was followed by Singapore (X kg), with a 0.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Pakistan amounted to +12.6%.

In value terms, Pakistan ($X) constituted the largest supplier of frozen scallops, including queen scallop to Bangladesh, comprising 96% of total imports. The second position in the ranking was taken by Singapore ($X), with a 1.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Pakistan totaled +13.1%.

Import Prices by Country

The average import price for frozen scallops, including queen scallop stood at $X per ton in 2021, declining by -1.8% against the previous year. In general, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 when the average import price increased by 79%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Singapore ($X per ton), while the price for Pakistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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