Croatia: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Croatia

The Croatian market for frozen scallops, including queen scallop soared to $X in 2021, with an increase of 90% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a perceptible expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Croatia

In 2021, overseas shipments of frozen scallops, including queen scallop increased by 25% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2016 when exports increased by 372%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, frozen scallops, including queen scallop exports skyrocketed to $X in 2021. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 398%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for frozen scallops, including queen scallop exports from Croatia, accounting for a 84% share of total exports. Moreover, frozen scallops, including queen scallop exports to Italy exceeded the volume sent to the second major destination, Slovakia (X tons), sevenfold. Slovenia (X kg) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +116.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+14.0% per year) and Slovenia (-8.7% per year).

In value terms, Italy ($X) remains the key foreign market for frozen scallops, including queen scallop exports from Croatia, comprising 84% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 12% share of total exports. It was followed by Slovenia, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +114.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+11.5% per year) and Slovenia (-5.8% per year).

Export Prices by Country

In 2021, the average export price for frozen scallops, including queen scallop amounted to $X per ton, increasing by 6.3% against the previous year. Overall, the export price, however, saw a perceptible reduction. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Slovenia ($X per ton) and Serbia ($X per ton), while the average price for exports to Slovakia ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+3.1%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Croatia

In 2021, frozen scallops, including queen scallop imports into Croatia skyrocketed to X tons, with an increase of 69% on 2020. Over the period under review, imports showed strong growth. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, frozen scallops, including queen scallop imports surged to $X in 2021. In general, imports recorded a buoyant increase. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X tons), Spain (X tons) and France (X tons) were the main suppliers of frozen scallops, including queen scallop imports to Croatia, with a combined 72% share of total imports. Italy, Slovenia and the Netherlands lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +127.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Spain ($X) appeared to be the largest frozen scallops, including queen scallop suppliers to Croatia, together accounting for 68% of total imports. These countries were followed by Slovenia, Portugal and the Netherlands, which together accounted for a further 30%.

Slovenia, with a CAGR of +132.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for frozen scallops, including queen scallop amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price, however, showed a pronounced reduction. The growth pace was the most rapid in 2016 when the average import price increased by 17%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Portugal ($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 (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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