EU: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in the EU

After three years of decline, the EU market for frozen scallops, including queen scallop increased by 1.6% to $X in 2021. Overall, consumption recorded a abrupt descent. The growth pace was the most rapid in 2017 when the market value increased by 7.5% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Frozen Scallops, Including Queen Scallop in the EU

In value terms, frozen scallops, including queen scallop production stood at $X in 2021 estimated in export price. Overall, production, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by 6.7% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports in the EU

In 2021, shipments abroad of frozen scallops, including queen scallop increased by 36% to X tons, rising for the third consecutive year after six years of decline. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, frozen scallops, including queen scallop exports soared to $X in 2021. Total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.2% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, France (X tons) was the main exporter of frozen scallops, including queen scallop, achieving 43% of total exports. Denmark (X tons) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (11%), Belgium (7.7%) and Italy (4.9%). The following exporters - Germany (X tons) and Spain (X tons) - each resulted at a 5.5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by France (with a CAGR of +12.4%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the largest frozen scallops, including queen scallop supplier in the European Union, comprising 45% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total exports. It was followed by Denmark, with a 13% share.

In France, frozen scallops, including queen scallop exports expanded at an average annual rate of +12.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+5.8% per year) and Denmark (+1.9% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, with an increase of 2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.7%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports in the EU

In 2021, the amount of frozen scallops, including queen scallop imported in the European Union expanded significantly to X tons, surging by 12% compared with 2020 figures. Overall, imports, however, continue to indicate a perceptible contraction. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, frozen scallops, including queen scallop imports soared to $X in 2021. In general, imports, however, continue to indicate a noticeable downturn. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) represented the major importer of frozen scallops, including queen scallop, comprising 46% of total imports. Denmark (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Spain (11%), Italy (11%), the Netherlands (8.7%) and Belgium (5%). Germany (X tons) took a minor share of total imports.

Imports into France decreased at an average annual rate of -2.9% from 2012 to 2021. At the same time, the Netherlands (+3.2%) and Denmark (+1.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of +3.2% from 2012-2021. By contrast, Spain (-1.2%), Italy (-2.2%), Germany (-5.8%) and Belgium (-10.6%) illustrated a downward trend over the same period. While the share of Denmark (+3.5 p.p.) and the Netherlands (+3.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of France (-2.5 p.p.) and Belgium (-6.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported frozen scallops, including queen scallop in the European Union, comprising 46% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by Italy, with an 8.3% share.

In France, frozen scallops, including queen scallop imports shrank by an average annual rate of -4.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+7.2% per year) and Italy (+1.8% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, rising by 7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by 15%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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