Greece: Market for Frozen Scallops, Including Queen Scallop 2025

Market Size for Frozen Scallops, Including Queen Scallop in Greece

The Greek market for frozen scallops, including queen scallop soared to $X in 2021, growing by 108% 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 saw buoyant growth. Frozen scallops, including queen scallop consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Greece

After eight years of decline, overseas shipments of frozen scallops, including queen scallop increased by 2,634% to X tons in 2021. Overall, exports, however, faced a precipitous slump. The exports 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 surged to $X in 2021. In general, exports, however, continue to indicate a dramatic setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X tons), Bulgaria (X tons) and Romania (X kg) were the main destinations of frozen scallops, including queen scallop exports from Greece, with a combined 97% share 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 Bulgaria (with a CAGR of +48.2%), while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) remains the key foreign market for frozen scallops, including queen scallop exports from Greece, comprising 63% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 31% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cyprus stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+33.3% per year) and Romania (+5.8% per year).

Export Prices by Country

In 2021, the average export price for frozen scallops, including queen scallop amounted to $X per ton, waning by -81.7% against the previous year. In general, the export price, however, saw a strong increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 204% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Bulgaria ($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 Italy (+45.4%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Greece

In 2021, the amount of frozen scallops, including queen scallop imported into Greece skyrocketed to X tons, increasing by 204% compared with 2020. Overall, imports saw a strong expansion. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, frozen scallops, including queen scallop imports soared to $X in 2021. Over the period under review, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Denmark (X tons) and France (X tons) were the main suppliers of frozen scallops, including queen scallop imports to Greece, together comprising 69% of total imports. These countries were followed by Germany, Portugal, the Netherlands, Italy and Belgium, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +54.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and France ($X) were the largest frozen scallops, including queen scallop suppliers to Greece, with a combined 69% share of total imports. Spain, the Netherlands, Belgium, Portugal and Italy lagged somewhat behind, together comprising a further 31%.

The Netherlands, with a CAGR of +68.4%, recorded the highest rates of growth with regard to 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 import price for frozen scallops, including queen scallop stood at $X per ton in 2021, with an increase of 6.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 73% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Portugal ($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 (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :