Slovakia: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Slovakia

The Slovak market for frozen scallops, including queen scallop surged to $X in 2021, rising by 72% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Slovakia

In 2015, overseas shipments of frozen scallops, including queen scallop decreased by 0% to X kg for the first time since 2012, thus ending a two-year declining trend. Over the period under review, exports recorded a significant expansion. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the maximum in 2015 and are expected to retain growth in years to come.

In value terms, frozen scallops, including queen scallop exports totaled $X in 2015. Overall, exports saw a significant increase. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the maximum in 2015 and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X kg), the Netherlands (X kg) and the Czech Republic (X kg) were the main destinations of frozen scallops, including queen scallop exports from Slovakia.

From 2012 to 2015, the biggest increases were recorded for the Czech Republic (with a CAGR of +26.0%), while shipments for the other leaders experienced more modest paces of growth.

From 2012 to 2015, the average annual growth rate of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+362.6% per year) and the Czech Republic (+35.2% per year).

Export Prices by Country

The average export price for frozen scallops, including queen scallop stood at $X per ton in 2015, approximately reflecting the previous year. Over the period under review, the export price faced a sharp slump. The most prominent rate of growth was recorded in 2013 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2015, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2015, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-9.2%).

Imports of Frozen Scallops, Including Queen Scallop

Imports into Slovakia

In 2021, approx. X tons of frozen scallops, including queen scallop were imported into Slovakia; increasing by 72% compared with 2020. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,105% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop imports soared to $X in 2021. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 330% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, France (X tons) constituted the largest frozen scallops, including queen scallop supplier to Slovakia, with a 70% share of total imports. Moreover, frozen scallops, including queen scallop imports from France exceeded the figures recorded by the second-largest supplier, the Czech Republic (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume from France stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+31.6% per year) and Denmark (0.0% per year).

In value terms, France ($X) constituted the largest supplier of frozen scallops, including queen scallop to Slovakia, comprising 82% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+21.5% per year) and Denmark (0.0% per year).

Import Prices by Country

In 2021, the average import price for frozen scallops, including queen scallop amounted to $X per ton, dropping by -2.3% against the previous year. Overall, the import price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 239% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a 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 France ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+16.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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