Belgium: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Belgium

In 2021, after four years of growth, there was significant decline in the Belgian market for frozen scallops, including queen scallop, when its value decreased by -29.4% to $X. Overall, consumption recorded a abrupt descent. Frozen scallops, including queen scallop consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Belgium

In 2021, the amount of frozen scallops, including queen scallop exported from Belgium shrank notably to X tons, falling by -20.6% against 2020 figures. Over the period under review, exports saw a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 89% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop exports dropped sharply to $X in 2021. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 175% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Luxembourg (X tons) and Spain (X tons) were the main destinations of frozen scallops, including queen scallop exports from Belgium, together accounting for 74% of total exports. The Netherlands, Italy, Germany and the UK lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +29.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X) remains the key foreign market for frozen scallops, including queen scallop exports from Belgium, comprising 50% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total exports. It was followed by Luxembourg, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to France totaled -12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-9.5% per year) and Luxembourg (-2.7% per year).

Export Prices by Country

In 2021, the average export price for frozen scallops, including queen scallop amounted to $X per ton, picking up by 1.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2020 when the average export price increased by 45%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

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 Netherlands ($X per ton), while the average price for exports to Luxembourg ($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 Spain (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Belgium

In 2021, the amount of frozen scallops, including queen scallop imported into Belgium declined notably to X tons, waning by -21.6% against 2020. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, frozen scallops, including queen scallop imports fell significantly to $X in 2021. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 63%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of frozen scallops, including queen scallop to Belgium, accounting for a 44% share of total imports. Moreover, frozen scallops, including queen scallop imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Peru (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.8% per year) and Peru (-9.8% per year).

In value terms, the Netherlands ($X), France ($X) and Canada ($X) were the largest frozen scallops, including queen scallop suppliers to Belgium, with a combined 79% share of total imports. These countries were followed by Peru, the UK, Germany and Indonesia, which together accounted for a further 17%.

Indonesia, with a CAGR of +38.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for frozen scallops, including queen scallop stood at $X per ton in 2021, waning by -9.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then contracted in the following year.

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 Canada ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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