CIS: Market for Frozen Scallops, Including Queen Scallop 2025

Market Size for Frozen Scallops, Including Queen Scallop in CIS

In 2021, the CIS market for frozen scallops, including queen scallop increased by 16% to $X, rising for the third consecutive year after six years of decline. Overall, consumption, however, faced a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Frozen Scallops, Including Queen Scallop in CIS

In value terms, frozen scallops, including queen scallop production expanded notably to $X in 2021 estimated in export price. In general, production, however, showed a deep slump. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports in CIS

In 2021, shipments abroad of frozen scallops, including queen scallop decreased by -1.2% to X tons, falling for the third year in a row after seven years of growth. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 505%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, frozen scallops, including queen scallop exports amounted to $X in 2021. Over the period under review, exports, however, showed resilient growth. The growth pace was the most rapid in 2015 when exports increased by 599%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons) represented roughly 99.9% of total exports in 2021.

Russia was also the fastest-growing in terms of the frozen scallops, including queen scallop exports, with a CAGR of +37.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest frozen scallops, including queen scallop supplier in the CIS.

In Russia, frozen scallops, including queen scallop exports expanded at an average annual rate of +13.4% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, jumping by 16% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 an increase of 18%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -17.4% per year.

Imports of Frozen Scallops, Including Queen Scallop

Imports in CIS

In 2021, frozen scallops, including queen scallop imports in the CIS skyrocketed to X tons, with an increase of 43% against the previous year's figure. In general, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 196%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop imports soared to $X in 2021. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 180% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, amounting to X tons, which was near 87% of total imports in 2021. It was distantly followed by Moldova (X tons), mixing up a 5.4% share of total imports. Belarus (X tons) and Kazakhstan (X tons) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of -4.6% from 2012 to 2021. At the same time, Moldova (+44.0%), Kazakhstan (+18.7%) and Belarus (+12.5%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in the CIS, with a CAGR of +44.0% from 2012-2021. Moldova (+5.3 p.p.), Belarus (+2.9 p.p.) and Kazakhstan (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -10.9% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported frozen scallops, including queen scallop in the CIS, comprising 86% of total imports. The second position in the ranking was taken by Belarus ($X), with a 6.7% share of total imports. It was followed by Kazakhstan, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value in Russia stood at -8.2%. In the other countries, the average annual rates were as follows: Belarus (+11.8% per year) and Kazakhstan (+20.5% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, increasing by 3.4% against the previous year. Over the period under review, the import price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the import price increased by 11%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, 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 Belarus ($X per ton), while Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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