New Zealand: Market for Frozen Scallops, Including Queen Scallop 2025

Market Size for Frozen Scallops, Including Queen Scallop in New Zealand

After two years of growth, the New Zealand market for frozen scallops, including queen scallop decreased by -15.7% to $X in 2021. Over the period under review, consumption continues to indicate a pronounced downturn. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Frozen Scallops, Including Queen Scallop in New Zealand

In value terms, frozen scallops, including queen scallop production soared to $X in 2021 estimated in export price. Overall, production, however, saw a mild shrinkage. The growth pace was the most rapid in 2014 when the production volume increased by 57%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports from New Zealand

In 2021, shipments abroad of frozen scallops, including queen scallop increased by 69% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 119% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, frozen scallops, including queen scallop exports surged to $X in 2021. Over the period under review, exports, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 110%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

New Caledonia (X tons) was the main destination for frozen scallops, including queen scallop exports from New Zealand, with a 51% share of total exports. Moreover, frozen scallops, including queen scallop exports to New Caledonia exceeded the volume sent to the second major destination, Cook Islands (X kg), sevenfold. Wallis and Futuna Islands (X kg) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Caledonia totaled +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (-20.5% per year) and Wallis and Futuna Islands (+88.2% per year).

In value terms, New Caledonia ($X) emerged as the key foreign market for frozen scallops, including queen scallop exports from New Zealand, comprising 43% of total exports. The second position in the ranking was held by Cook Islands ($X), with a 10% share of total exports. It was followed by Papua New Guinea, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Caledonia amounted to +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (-19.7% per year) and Papua New Guinea (-14.7% per year).

Export Prices by Country

The average export price for frozen scallops, including queen scallop stood at $X per ton in 2021, declining by -23.7% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Vanuatu ($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 Fiji (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Scallops, Including Queen Scallop

Imports into New Zealand

After two years of growth, supplies from abroad of frozen scallops, including queen scallop decreased by -23.8% to X tons in 2021. Over the period under review, imports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2013 when imports increased by 38% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, frozen scallops, including queen scallop imports dropped to $X in 2021. Overall, imports saw a noticeable slump. The pace of growth was the most pronounced in 2017 when imports increased by 57%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Peru (X tons), China (X tons) and Japan (X tons) were the main suppliers of frozen scallops, including queen scallop imports to New Zealand, together comprising 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +37.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Peru ($X), China ($X) and Japan ($X) constituted the largest frozen scallops, including queen scallop suppliers to New Zealand, with a combined 95% share of total imports.

Peru, with a CAGR of +30.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for frozen scallops, including queen scallop stood at $X per ton in 2021, picking up by 17% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 31%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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 Japan ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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