France: Molluscs Market 2024

Molluscs Market Size in France

After three years of decline, the French molluscs market increased by 16% to $X in 2021. In general, consumption, however, saw a mild slump. Molluscs consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Molluscs Production in France

In value terms, molluscs production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 26%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Molluscs Exports

Exports from France

In 2021, approx. X tons of molluscs (scallops, mussels, cuttle fish, squid and octopus) were exported from France; picking up by 50% against the year before. In general, exports, however, recorded a pronounced reduction. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, molluscs exports skyrocketed to $X in 2021. Overall, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% 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 +78.1% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons), Italy (X tons) and Vietnam (X tons) were the main destinations of molluscs exports from France, together accounting for 69% 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 +41.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for molluscs exported from France were Spain ($X), Italy ($X) and the UK ($X), with a combined 59% share of total exports. Belgium, Germany, Switzerland, the Netherlands, Vietnam and Portugal lagged somewhat behind, together comprising a further 31%.

Vietnam, with a CAGR of +19.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average molluscs export price stood at $X per ton in 2021, increasing by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +4.5%. The growth pace was the most rapid in 2014 an increase of 35% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, 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 the Netherlands (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Molluscs Imports

Imports into France

In 2021, molluscs imports into France surged to X tons, rising by 18% on the previous year's figure. In general, imports, however, saw a mild downturn. The most prominent rate of growth was recorded in 2019 with an increase of 21%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, molluscs imports skyrocketed to $X in 2021. Overall, imports, however, saw a mild curtailment. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of molluscs to France, with a 33% share of total imports. Moreover, molluscs imports from Spain exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Argentina (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+7.4% per year) and Argentina (-1.0% per year).

In value terms, the largest molluscs suppliers to France were Spain ($X), the UK ($X) and Argentina ($X), with a combined 48% share of total imports. These countries were followed by Canada, Peru, India, the Netherlands, Belgium, Denmark, China, Vietnam, Madagascar and Ireland, which together accounted for a further 44%.

Denmark, with a CAGR of +29.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average molluscs import price stood at $X per ton in 2021, rising by 6.3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 11%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Ireland ($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 (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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