Indonesia: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Indonesia

In 2021, the Indonesian market for frozen scallops, including queen scallop increased by 342% to $X for the first time since 2013, thus ending a seven-year declining trend. Over the period under review, consumption continues to indicate a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Frozen Scallops, Including Queen Scallop in Indonesia

In value terms, frozen scallops, including queen scallop production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 28% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Indonesia

In 2021, shipments abroad of frozen scallops, including queen scallop decreased by -23.5% to X tons, falling for the third year in a row after two years of growth. In general, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 94% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop exports dropped to $X in 2021. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2017 when exports increased by 93% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of frozen scallops, including queen scallop exports from Indonesia, with a combined 54% 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 France (with a CAGR of +137.6%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Japan ($X) and Thailand ($X) constituted the largest markets for frozen scallops, including queen scallop exported from Indonesia worldwide, with a combined 50% share of total exports.

France, with a CAGR of +79.3%, saw the highest growth rate of the value of exports, in terms of 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

In 2021, the average export price for frozen scallops, including queen scallop amounted to $X per ton, with an increase of 16% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 24%. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Thailand ($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 Taiwan (Chinese) (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Indonesia

After two years of decline, supplies from abroad of frozen scallops, including queen scallop increased by 290% to X tons in 2021. Over the period under review, imports, however, recorded a deep setback. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, frozen scallops, including queen scallop imports soared to $X in 2021. In general, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2018 when imports increased by 182% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of frozen scallops, including queen scallop to Indonesia, with a 87% share of total imports. Moreover, frozen scallops, including queen scallop imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.0% per year) and Japan (-16.9% per year).

In value terms, the United States ($X), China ($X) and Japan ($X) constituted the largest frozen scallops, including queen scallop suppliers to Indonesia, together comprising 99% of total imports.

In terms of the main suppliers, the United States, with a CAGR of -10.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for frozen scallops, including queen scallop amounted to $X per ton, which is down by -47.8% against the previous year. Over the period under review, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 41% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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