Europe: Molluscs Market 2024

Molluscs Market Size in Europe

In 2021, after two years of decline, there was significant growth in the Europe molluscs market, when its value increased by 15% to $X. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. 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 Europe

In value terms, molluscs production rose to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 22%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Molluscs Exports

Exports in Europe

In 2021, approx. X tons of molluscs (scallops, mussels, cuttle fish, squid and octopus) were exported in Europe; rising by 18% against the previous year's figure. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, molluscs exports soared to $X in 2021. Total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain was the main exporting country with an export of about X tons, which reached 58% of total exports. Russia (X tons) ranks second in terms of the total exports with a 10% share, followed by Portugal (8.3%). The Netherlands (X tons), Italy (X tons), France (X tons), the UK (X tons), Greece (X tons), Denmark (X tons) and Belgium (X tons) followed a long way behind the leaders.

Exports from Spain increased at an average annual rate of +3.1% from 2012 to 2021. At the same time, the Netherlands (+4.9%), Greece (+1.9%) and Russia (+1.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Europe, with a CAGR of +4.9% from 2012-2021. Italy, Portugal and Denmark experienced a relatively flat trend pattern. By contrast, France (-3.1%), Belgium (-7.5%) and the UK (-9.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Spain increased by +9.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest molluscs supplier in Europe, comprising 59% of total exports. The second position in the ranking was taken by Portugal ($X), with an 8.9% share of total exports. It was followed by France, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Spain totaled +7.9%. 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 Europe stood at $X per ton in 2021, jumping by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.8%), while the other leaders experienced more modest paces of growth.

Molluscs Imports

Imports in Europe

In 2021, purchases abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports recorded a relatively flat trend pattern. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, molluscs imports soared to $X in 2021. Total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain was the largest importing country with an import of around X tons, which recorded 44% of total imports. Italy (X tons) ranks second in terms of the total imports with a 24% share, followed by Portugal (6.9%) and France (5.2%). Russia (X tons), Greece (X tons) and Germany (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key 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) constituted the countries with the highest levels of imports in 2021, with a combined 76% share of total imports.

Spain, with a CAGR of +5.8%, saw the highest growth rate of 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

The import price in Europe stood at $X per ton in 2021, surging by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2016 when the import price increased by 18%. The level of import peaked 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 France ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform