Romania: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Romania

In 2021, the Romanian market for frozen scallops, including queen scallop increased by 12% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +9.8% 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 +45.0% against 2019 indices. Frozen scallops, including queen scallop consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Romania

In 2021, overseas shipments of frozen scallops, including queen scallop decreased by -36.9% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 202%. Over the period under review, the exports reached the maximum at X tons in 2020, and then dropped remarkably in the following year.

In value terms, frozen scallops, including queen scallop exports fell dramatically to $X in 2021. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 123%. The exports peaked at $X in 2020, and then dropped notably in the following year.

Exports by Country

Moldova (X tons) was the main destination for frozen scallops, including queen scallop exports from Romania, accounting for a 87% share of total exports. Moreover, frozen scallops, including queen scallop exports to Moldova exceeded the volume sent to the second major destination, Bulgaria (X tons), ninefold. The third position in this ranking was held by Austria (X kg), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Moldova amounted to +55.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+46.2% per year) and Austria (0.0% per year).

In value terms, Moldova ($X) remains the key foreign market for frozen scallops, including queen scallop exports from Romania, comprising 79% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 15% share of total exports. It was followed by Austria, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to Moldova amounted to +45.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+42.1% per year) and Austria (0.0% per year).

Export Prices by Country

In 2021, the average export price for frozen scallops, including queen scallop amounted to $X per ton, increasing by 2.9% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The growth pace was the most rapid in 2015 an increase of 66%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Moldova ($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 Bulgaria (-2.8%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Romania

In 2021, imports of frozen scallops, including queen scallop into Romania reduced to X tons, declining by -14.5% compared with the previous year. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 63%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, frozen scallops, including queen scallop imports surged to $X in 2021. Overall, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 58%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of frozen scallops, including queen scallop imports to Romania, together accounting for 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +19.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of frozen scallops, including queen scallop to Romania, comprising 48% of total imports. The second position in the ranking was held by Spain ($X), with a 21% share of total imports. It was followed by Germany, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+19.7% per year) and Germany (+16.8% per year).

Import Prices by Country

In 2021, the average import price for frozen scallops, including queen scallop amounted to $X per ton, picking up by 46% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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