Germany: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Germany

The German market for frozen scallops, including queen scallop reduced sharply to $X in 2021, declining by -22.7% 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). Overall, consumption showed a abrupt decline. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Germany

In 2021, approx. X tons of frozen scallops, including queen scallop were exported from Germany; jumping by 17% against the previous year's figure. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 83% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, frozen scallops, including queen scallop exports surged to $X in 2021. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 72% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for frozen scallops, including queen scallop exports from Germany, accounting for a 35% share of total exports. Moreover, frozen scallops, including queen scallop exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-0.1% per year) and Belgium (+21.5% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for frozen scallops, including queen scallop exports from Germany, comprising 36% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by Austria, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-1.2% per year) and Austria (-4.1% per year).

Export Prices by Country

In 2021, the average export price for frozen scallops, including queen scallop amounted to $X per ton, jumping by 43% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Sweden ($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 Switzerland (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Germany

In 2021, imports of frozen scallops, including queen scallop into Germany reduced to X tons, dropping by -13.1% compared with the previous year's figure. Overall, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 29% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained 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 showed a noticeable setback. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of frozen scallops, including queen scallop to Germany, accounting for a 66% share of total imports. Moreover, frozen scallops, including queen scallop imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The third position in this ranking was taken by Belgium (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.2% per year) and Belgium (-8.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of frozen scallops, including queen scallop to Germany, comprising 65% of total imports. The second position in the ranking was taken by France ($X), with a 21% share of total imports. It was followed by Belgium, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.1% per year) and Belgium (-8.8% per year).

Import Prices by Country

The average import price for frozen scallops, including queen scallop stood at $X per ton in 2021, increasing by 53% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. As a result, import 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 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 Spain (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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