France: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in France

The French market for frozen scallops, including queen scallop declined modestly to $X in 2021, dropping by -4.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 7.2%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports from France

In 2021, frozen scallops, including queen scallop exports from France soared to X tons, rising by 89% compared with the previous year's figure. Overall, exports recorded buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen scallops, including queen scallop exports surged to $X in 2021. Over the period under review, exports enjoyed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Spain (X tons) and Vietnam (X tons) were the main destinations of frozen scallops, including queen scallop exports from France, together comprising 74% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +48.9%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and the UK ($X) constituted the largest markets for frozen scallops, including queen scallop exported from France worldwide, together accounting for 58% of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +25.9%, recorded 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

The average export price for frozen scallops, including queen scallop stood at $X per ton in 2021, waning by -10.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 35%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Vietnam ($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 Spain (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into France

In 2021, frozen scallops, including queen scallop imports into France surged to X tons, increasing by 21% against 2020. Overall, imports, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2019 with an increase of 25% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop imports soared to $X in 2021. Over the period under review, imports, however, saw a perceptible setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X tons), the UK (X tons) and Peru (X tons) were the main suppliers of frozen scallops, including queen scallop imports to France, together comprising 70% of total imports. Canada, the Netherlands, Denmark, Belgium, Vietnam and the United States lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +93.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen scallops, including queen scallop suppliers to France were Argentina ($X), Canada ($X) and the UK ($X), together comprising 63% of total imports. Peru, the Netherlands, Denmark, Belgium, the United States and Vietnam lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, Denmark, with a CAGR of +90.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for frozen scallops, including queen scallop amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price, however, recorded a mild downturn. The growth pace was the most rapid in 2016 when the average import price increased by 18%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Peru ($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 Netherlands (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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