Czech Republic: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in the Czech Republic

After two years of decline, the Czech market for frozen scallops, including queen scallop increased by 58% to $X in 2021. Over the period under review, consumption, however, saw a deep setback. Frozen scallops, including queen scallop consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports from the Czech Republic

In 2021, after two years of growth, there was significant decline in overseas shipments of frozen scallops, including queen scallop, when their volume decreased by -45.8% to X tons. Overall, exports showed a pronounced setback. The growth pace was the most rapid in 2020 with an increase of 133% against the previous year. As a result, the exports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, frozen scallops, including queen scallop exports declined remarkably to $X in 2021. In general, exports, however, showed strong growth. The growth pace was the most rapid in 2020 when exports increased by 176%. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

Slovakia (X tons) was the main destination for frozen scallops, including queen scallop exports from the Czech Republic, accounting for a 59% share of total exports. Moreover, frozen scallops, including queen scallop exports to Slovakia exceeded the volume sent to the second major destination, Romania (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Slovakia stood at +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+22.6% per year) and Hungary (+30.4% per year).

In value terms, Slovakia ($X) emerged as the key foreign market for frozen scallops, including queen scallop exports from the Czech Republic, comprising 58% of total exports. The second position in the ranking was held by Romania ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Slovakia amounted to +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+22.8% per year) and Hungary (+49.7% per year).

Export Prices by Country

In 2021, the average export price for frozen scallops, including queen scallop amounted to $X per ton, surging by 5.3% against the previous year. Over the period under review, the export price saw prominent growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 102% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Romania ($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 Hungary (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into the Czech Republic

In 2021, overseas purchases of frozen scallops, including queen scallop were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of 212%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop imports amounted to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 45%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of frozen scallops, including queen scallop to the Czech Republic, accounting for a 41% share of total imports. Moreover, frozen scallops, including queen scallop imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. France (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+15.2% per year) and France (+10.4% per year).

In value terms, the Netherlands ($X), France ($X) and Spain ($X) were the largest frozen scallops, including queen scallop suppliers to the Czech Republic, with a combined 67% share of total imports. These countries were followed by Germany, Belgium, Austria, the UK and Denmark, which together accounted for a further 33%.

Austria, with a CAGR of +96.9%, recorded the highest growth rate of 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, leveling off at the previous year. In general, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 152% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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