Northern America: Market for Frozen Scallops, Including Queen Scallop 2025

Market Size for Frozen Scallops, Including Queen Scallop in Northern America

In 2021, the North American market for frozen scallops, including queen scallop increased by 59% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +86.6% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Production of Frozen Scallops, Including Queen Scallop in Northern America

In value terms, frozen scallops, including queen scallop production stood at $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 75%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports in Northern America

For the seventh year in a row, Northern America recorded decline in overseas shipments of frozen scallops, including queen scallop, which decreased by -2.5% to X tons in 2021. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 3.1% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, frozen scallops, including queen scallop exports expanded markedly to $X in 2021. In general, exports recorded a noticeable slump. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United States (X tons), distantly followed by Canada (X tons) represented the main exporters of frozen scallops, including queen scallop, together generating 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +0.7%).

In value terms, Canada ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2021.

Canada, with a CAGR of +1.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, growing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.2%).

Imports of Frozen Scallops, Including Queen Scallop

Imports in Northern America

In 2021, frozen scallops, including queen scallop imports in Northern America surged to X tons, growing by 40% on 2020 figures. Total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +54.2% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 67% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, frozen scallops, including queen scallop imports soared to $X in 2021. Total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United States represented the key importing country with an import of about X tons, which resulted at 82% of total imports. It was distantly followed by Canada (X tons), constituting an 18% share of total imports.

The United States was also the fastest-growing in terms of the frozen scallops, including queen scallop imports, with a CAGR of +5.0% from 2012 to 2021. At the same time, Canada (+1.3%) displayed positive paces of growth. From 2012 to 2021, the share of the United States increased by +5.1 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported frozen scallops, including queen scallop in Northern America, comprising 78% of total imports. The second position in the ranking was taken by Canada ($X), with a 22% share of total imports.

In the United States, frozen scallops, including queen scallop imports increased at an average annual rate of +3.0% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, increasing by 9.5% against the previous year. Over the period under review, the import price, however, recorded a mild setback. The growth pace was the most rapid in 2015 when the import price increased by 20%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.4%).

Source: IndexBox Platform

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