Northern America: Molluscs Market 2024

Molluscs Market Size in Northern America

The North American molluscs market stood at $X in 2021, picking up by 9.3% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Molluscs Production in Northern America

In value terms, molluscs production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Molluscs Exports

Exports in Northern America

In 2021, overseas shipments of molluscs (scallops, mussels, cuttle fish, squid and octopus) were finally on the rise to reach X tons after three years of decline. Overall, exports, however, saw a abrupt decline. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, molluscs exports surged to $X in 2021. In general, exports, however, saw a pronounced setback. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the main exporting country with an export of around X tons, which accounted for 86% of total exports. It was distantly followed by Canada (X tons), creating a 14% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to molluscs exports from the United States stood at -7.4%. At the same time, Canada (+5.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.0% from 2012-2021. While the share of Canada (+8.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest molluscs supplier in Northern America, comprising 67% of total exports. The second position in the ranking was taken by Canada ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at -4.6%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, remaining stable against the previous year. Export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, molluscs export price decreased by -9.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by 31%. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.0%).

Molluscs Imports

Imports in Northern America

In 2021, supplies from abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) increased by 49% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, molluscs imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the largest importer of molluscs (scallops, mussels, cuttle fish, squid and octopus) in Northern America, with the volume of imports resulting at X tons, which was near 88% of total imports in 2021. It was distantly followed by Canada (X tons), making up a 12% share of total imports.

The United States was also the fastest-growing in terms of the molluscs (scallops, mussels, cuttle fish, squid and octopus) imports, with a CAGR of +1.7% from 2012 to 2021. Canada experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States increased by +2.2 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported molluscs (scallops, mussels, cuttle fish, squid and octopus) in Northern America, comprising 85% of total imports. The second position in the ranking was held by Canada ($X), with a 15% share of total imports.

In the United States, molluscs imports increased at an average annual rate of +3.2% 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 9.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. Over the period under review, import prices attained the maximum at $X per ton in 2018; afterwards, it flattened through to 2021.

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 totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.5%).

Source: IndexBox Platform

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