Scandinavia: Market for Frozen Scallops, Including Queen Scallop 2025

Market Size for Frozen Scallops, Including Queen Scallop in Scandinavia

The Scandinavia market for frozen scallops, including queen scallop contracted to $X in 2021, reducing by -8.3% against the previous year. Over the period under review, consumption continues to indicate a perceptible descent. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Frozen Scallops, Including Queen Scallop in Scandinavia

In value terms, frozen scallops, including queen scallop production expanded rapidly to $X in 2021 estimated in export price. In general, production recorded a noticeable slump. The most prominent rate of growth was recorded in 2014 with an increase of 79%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports in Scandinavia

Frozen scallops, including queen scallop exports skyrocketed to X tons in 2021, jumping by 16% against the previous year. In general, exports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2019 when exports increased by 42% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, frozen scallops, including queen scallop exports soared to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark prevails in exports structure, recording X tons, which was near 97% of total exports in 2021. Sweden (X tons) followed a long way behind the leaders.

Exports from Denmark increased at an average annual rate of +2.9% from 2012 to 2021. At the same time, Sweden (+11.8%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +11.8% from 2012-2021. From 2012 to 2021, the share of Sweden increased by +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest frozen scallops, including queen scallop supplier in Scandinavia, comprising 88% of total exports. The second position in the ranking was held by Sweden ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark totaled +1.9%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, with an increase of 18% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the export price increased by 23%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Denmark totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.6%).

Imports of Frozen Scallops, Including Queen Scallop

Imports in Scandinavia

In 2021, overseas purchases of frozen scallops, including queen scallop increased by 1.8% to X tons, rising for the fourth year in a row after five years of decline. Total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.0% against 2017 indices. The pace of growth was the most pronounced in 2019 with an increase of 49% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, frozen scallops, including queen scallop imports surged to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 32%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

Denmark prevails in imports structure, amounting to X tons, which was approx. 88% of total imports in 2021. Sweden (X tons) took the second position in the ranking, followed by Norway (X tons). All these countries together took approx. 11% share of total imports.

Denmark was also the fastest-growing in terms of the frozen scallops, including queen scallop imports, with a CAGR of +1.5% from 2012 to 2021. Sweden (-1.3%) and Norway (-3.0%) illustrated a downward trend over the same period. Denmark (+3.6 p.p.) significantly strengthened its position in terms of the total imports, while Norway saw its share reduced by -2.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) constitutes the largest market for imported frozen scallops, including queen scallop in Scandinavia, comprising 73% of total imports. The second position in the ranking was held by Norway ($X), with a 13% share of total imports.

In Denmark, frozen scallops, including queen scallop imports increased at an average annual rate of +2.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+0.6% per year) and Sweden (+0.9% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, surging by 15% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 17%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform