Ireland: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Ireland

After two years of growth, the Irish market for frozen scallops, including queen scallop decreased by -5.2% to $X in 2021. In general, consumption, however, saw a relatively flat trend pattern. Frozen scallops, including queen scallop consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Frozen Scallops, Including Queen Scallop in Ireland

In value terms, frozen scallops, including queen scallop production reached $X in 2021 estimated in export price. Over the period under review, production saw a deep setback. The pace of growth was the most pronounced in 2014 when the production volume increased by 29%. Frozen scallops, including queen scallop production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Ireland

In 2021, overseas shipments of frozen scallops, including queen scallop were finally on the rise to reach X tons after four years of decline. Overall, exports, however, showed a abrupt decrease. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, frozen scallops, including queen scallop exports soared to $X in 2021. Over the period under review, exports, however, faced a abrupt decrease. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Italy (X tons) and China (X tons) were the main destinations of frozen scallops, including queen scallop exports from Ireland, together comprising 95% 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 Italy (with a CAGR of +13.1%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Portugal ($X) appeared to be the largest markets for frozen scallops, including queen scallop exported from Ireland worldwide, together comprising 96% of total exports.

Italy, with a CAGR of +22.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for frozen scallops, including queen scallop amounted to $X per ton, rising by 3.9% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 12%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to the UK ($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 (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Ireland

Frozen scallops, including queen scallop imports into Ireland fell notably to X tons in 2021, reducing by -41% on the previous year's figure. Over the period under review, imports saw a noticeable descent. The pace of growth was the most pronounced in 2014 with an increase of 184% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop imports shrank remarkably to $X in 2021. Overall, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2019 when imports increased by 104% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest frozen scallops, including queen scallop supplier to Ireland, with a 61% share of total imports. Moreover, frozen scallops, including queen scallop imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from France totaled +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+56.1% per year) and Spain (-6.8% per year).

In value terms, France ($X) constituted the largest supplier of frozen scallops, including queen scallop to Ireland, comprising 65% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 18% share of total imports. It was followed by Spain, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from France stood at +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+66.4% per year) and Spain (+17.0% per year).

Import Prices by Country

In 2021, the average import price for frozen scallops, including queen scallop amounted to $X per ton, increasing by 39% against the previous year. Overall, the import price enjoyed a prominent increase. The growth pace was the most rapid in 2018 an increase of 219% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Peru ($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 (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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