South-Eastern Asia: Market for Frozen Scallops, Including Queen Scallop 2025

Market Size for Frozen Scallops, Including Queen Scallop in South-Eastern Asia

The Southeast Asian market for frozen scallops, including queen scallop soared to $X in 2021, picking up by 23% against the previous year. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.4% 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 decreased by -1.5% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Frozen Scallops, Including Queen Scallop in South-Eastern Asia

In value terms, frozen scallops, including queen scallop production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a strong expansion. The growth pace was the most rapid in 2014 with an increase of 170%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports in South-Eastern Asia

In 2021, approx. X tons of frozen scallops, including queen scallop were exported in South-Eastern Asia; stabilizing at the previous year. Over the period under review, exports showed a drastic downturn. The pace of growth was the most pronounced in 2014 when exports increased by 29% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop exports soared to $X in 2021. Overall, exports showed a perceptible shrinkage. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Vietnam (X tons), the Philippines (X tons) and Indonesia (X tons) represented the main exporter of frozen scallops, including queen scallop in South-Eastern Asia, mixing up 83% of total export. It was distantly followed by Singapore (X tons) and Malaysia (X tons), together committing a 16% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Singapore (with a CAGR of -1.2%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest frozen scallops, including queen scallop supplying countries in South-Eastern Asia were Vietnam ($X), the Philippines ($X) and Singapore ($X), together comprising 94% of total exports.

In terms of the main exporting countries, the Philippines, with a CAGR of +8.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by 19% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 when the export price increased by 37% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 Philippines (+14.7%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports in South-Eastern Asia

Frozen scallops, including queen scallop imports surged to X tons in 2021, with an increase of 24% compared with the year before. Total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.4% 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 +119.6% against 2015 indices. The growth pace was the most rapid in 2016 when imports increased by 50%. Over the period under review, imports hit record highs at X tons in 2014; afterwards, it flattened through to 2021.

In value terms, frozen scallops, including queen scallop imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 69%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Vietnam (X tons) and Singapore (X tons) were the largest importers of frozen scallops, including queen scallop in South-Eastern Asia, together resulting at approx. 66% of total imports. Malaysia (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (14%) and Indonesia (4.9%).

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +8.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported frozen scallops, including queen scallop in South-Eastern Asia, comprising 47% of total imports. The second position in the ranking was held by Vietnam ($X), with a 19% share of total imports. It was followed by Malaysia, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore amounted to +3.1%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (-5.3% per year) and Malaysia (-0.7% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, increasing by 4.2% against the previous year. Overall, the import price, however, showed a slight decline. The most prominent rate of growth was recorded in 2014 when the import price increased by 29%. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 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 Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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