Europe: Market for Frozen Scallops, Including Queen Scallop 2025

Market Size for Frozen Scallops, Including Queen Scallop in Europe

The Europe market for frozen scallops, including queen scallop totaled $X in 2021, therefore, remained relatively stable against the previous year. In general, consumption showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 3.6%. 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 Europe

In value terms, frozen scallops, including queen scallop production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep slump. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports in Europe

In 2021, exports of frozen scallops, including queen scallop in Europe surged to X tons, picking up by 23% compared with the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, frozen scallops, including queen scallop exports soared to $X in 2021. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, France (X tons), Russia (X tons), the UK (X tons) and Denmark (X tons) represented the largest exporter of frozen scallops, including queen scallop in Europe, generating 79% of total export. The Netherlands (X tons) ranks next in terms of the total exports with a 7.1% share, followed by Belgium (4.8%). Italy (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +37.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen scallops, including queen scallop supplying countries in Europe were France ($X), the UK ($X) and the Netherlands ($X), together accounting for 65% of total exports. Denmark, Belgium, Russia and Italy lagged somewhat behind, together accounting for a further 25%.

In terms of the main exporting countries, Russia, with a CAGR of +13.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, picking up by 9.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 16% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a 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 Belgium ($X per ton), while Russia ($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 Europe

In 2021, the amount of frozen scallops, including queen scallop imported in Europe expanded markedly to X tons, increasing by 12% compared with the previous year's figure. In general, imports, however, recorded a pronounced shrinkage. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

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

Imports by Country

France was the main importer of frozen scallops, including queen scallop in Europe, with the volume of imports finishing at X tons, which was approx. 42% of total imports in 2021. Denmark (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Spain (10%), Italy (10%), the Netherlands (8%) and Belgium (4.5%). The UK (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to frozen scallops, including queen scallop imports into France stood at -2.9%. 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 Europe, with a CAGR of +3.2% from 2012-2021. The UK experienced a relatively flat trend pattern. By contrast, Spain (-1.2%), Italy (-2.2%) and Belgium (-10.6%) illustrated a downward trend over the same period. Denmark (+3.1 p.p.) and the Netherlands (+3 p.p.) significantly strengthened its position in terms of the total imports, while France and Belgium saw its share reduced by -2.7% and -5.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported frozen scallops, including queen scallop in Europe, comprising 41% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by Italy, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value in France totaled -4.4%. 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 Europe stood at $X per ton in 2021, increasing by 6.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by 11% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Spain ($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