EU: Molluscs Market 2024

Molluscs Market Size in the EU

In 2021, the EU molluscs market increased by 16% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Molluscs Production in the EU

In value terms, molluscs production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 24%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Molluscs Exports

Exports in the EU

After three years of decline, overseas shipments of molluscs (scallops, mussels, cuttle fish, squid and octopus) increased by 29% to X tons in 2021. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, molluscs exports surged to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain prevails in exports structure, resulting at X tons, which was near 67% of total exports in 2021. Portugal (X tons) took the second position in the ranking, followed by the Netherlands (X tons). All these countries together held approx. 15% share of total exports. Italy (X tons), France (X tons), Greece (X tons) and Denmark (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to molluscs exports from Spain stood at +3.1%. At the same time, the Netherlands (+4.9%) and Greece (+1.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +4.9% from 2012-2021. Italy, Portugal and Denmark experienced a relatively flat trend pattern. By contrast, France (-3.1%) illustrated a downward trend over the same period. While the share of Spain (+8.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of France (-2.1 p.p.) and Portugal (-2.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest molluscs supplier in the European Union, comprising 65% of total exports. The second position in the ranking was taken by Portugal ($X), with a 9.8% share of total exports. It was followed by France, with a 5.6% share.

In Spain, molluscs exports increased at an average annual rate of +7.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Portugal (+1.6% per year) and France (+1.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, growing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2016 when the export price increased by 17%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the near future.

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 France ($X per ton), while Greece ($X per ton) was amongst the lowest.

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

Molluscs Imports

Imports in the EU

In 2021, after three years of decline, there was significant growth in supplies from abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus), when their volume increased by 17% to X tons. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, molluscs imports surged to $X in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Spain was the key importing country with an import of about X tons, which reached 48% of total imports. Italy (X tons) ranks second in terms of the total imports with a 26% share, followed by Portugal (7.4%) and France (5.6%). Greece (X tons), Germany (X tons) and the Netherlands (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Greece (with a CAGR of +2.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Portugal ($X) were the countries with the highest levels of imports in 2021, with a combined 80% share of total imports.

Spain, with a CAGR of +5.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, jumping by 17% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2016 when the import price increased by 18%. Over the period under review, import prices attained the maximum at $X per ton in 2018; afterwards, it flattened through to 2021.

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 the Netherlands ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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