Report Update Nov 1, 2024

Colombia - Frozen Scallops, Including Queen Scallop - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Colombia

In 2021, the Colombian market for frozen scallops, including queen scallop decreased by -67.2% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption saw a precipitous shrinkage. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Colombia

In 2020, frozen scallops, including queen scallop exports from Colombia totaled X kg, stabilizing at the previous year. Over the period under review, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2014. Over the period under review, the exports hit record highs in 2020 and are likely to see gradual growth in years to come.

In value terms, frozen scallops, including queen scallop exports stood at $X in 2020. In general, exports continue to indicate significant growth. The smallest decline of 99.9% was in 2016. Over the period under review, the exports attained the maximum in 2020 and are likely to see steady growth in years to come.

Exports by Country

Norway (X kg) was the main destination for frozen scallops, including queen scallop exports from Colombia, with a 91% share of total exports. Moreover, frozen scallops, including queen scallop exports to Norway exceeded the volume sent to the second major destination, Aruba (X kg), tenfold.

From 2013 to 2020, the average annual growth rate of volume to Norway was relatively modest.

From 2013 to 2020, the average annual growth rate of value to Norway was relatively modest.

Export Prices by Country

In 2020, the average export price for frozen scallops, including queen scallop amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Aruba stood at $X per ton.

From 2013 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Norway (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Colombia

Frozen scallops, including queen scallop imports into Colombia dropped significantly to X kg in 2021, declining by -62.1% on 2020. Over the period under review, imports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 90% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop imports dropped notably to $X in 2021. Overall, imports saw a sharp setback. The pace of growth appeared the most rapid in 2016 when imports increased by 82%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Chile (X kg) constituted the largest frozen scallops, including queen scallop supplier to Colombia, accounting for a 61% share of total imports. Moreover, frozen scallops, including queen scallop imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X kg), fivefold. The third position in this ranking was held by the Philippines (X kg), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile amounted to -17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-29.7% per year) and the Philippines (-13.1% per year).

In value terms, Chile ($X) constituted the largest supplier of frozen scallops, including queen scallop to Colombia, comprising 52% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Chile stood at -23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-31.9% per year) and Germany (+23.0% per year).

Import Prices by Country

The average import price for frozen scallops, including queen scallop stood at $X per ton in 2021, shrinking by -25.1% against the previous year. Over the period under review, the import price showed a perceptible contraction. The growth pace was the most rapid in 2015 an increase of 13% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 Japan ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen scallops, including queen scallop in the world?

Japan constituted the country with the largest volume of frozen scallops, including queen scallop consumption, accounting for 44% of total volume. Moreover, frozen scallops, including queen scallop consumption in Japan exceeded the figures recorded by the second-largest consumer, China, threefold. Argentina ranked third in terms of total consumption with a 12% share.

What are the largest producers of frozen scallops, including queen scallop in the world?

Japan constituted the country with the largest volume of frozen scallops, including queen scallop production, comprising approx. 47% of total volume. Moreover, frozen scallops, including queen scallop production in Japan exceeded the figures recorded by the second-largest producer, China, twofold. The third position in this ranking was occupied by Argentina, with an 11% share.

What are the leading suppliers of frozen scallops, including queen scallop to Colombia?

In value terms, the largest frozen scallops, including queen scallop suppliers to Colombia were China $713) and Japan $366).

What is the average export price for frozen scallops, including queen scallop in Colombia?

The average export price for frozen scallops, including queen scallop stood at $11,000 per ton in 2013, stabilizing at the previous year.

What is the average import price for frozen scallops, including queen scallop in Colombia?

The average import price for frozen scallops, including queen scallop stood at $16,859 per ton in 2021, with an increase of 6.8% against the previous year.

This report provides an in-depth analysis of the market for frozen scallops, including queen scallop in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023