Southern Asia: Market for Frozen Scallops, Including Queen Scallop 2025

Market Size for Frozen Scallops, Including Queen Scallop in Southern Asia

After two years of growth, the South Asian market for frozen scallops, including queen scallop decreased by -10.5% to $X in 2021. Over the period under review, consumption, however, recorded a remarkable increase. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Production of Frozen Scallops, Including Queen Scallop in Southern Asia

In value terms, frozen scallops, including queen scallop production contracted to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +39.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 34%. Over the period under review, production attained the maximum level at $X in 2020, and then shrank in the following year.

Exports of Frozen Scallops, Including Queen Scallop

Exports in Southern Asia

In 2021, overseas shipments of frozen scallops, including queen scallop increased by 252% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a precipitous curtailment. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, frozen scallops, including queen scallop exports skyrocketed to $X in 2021. In general, exports, however, faced a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 323%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, India (X tons) and Pakistan (X tons) represented the largest exporter of frozen scallops, including queen scallop in Southern Asia, committing 98% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of -20.1%).

In value terms, India ($X) remains the largest frozen scallops, including queen scallop supplier in Southern Asia, comprising 81% of total exports. The second position in the ranking was held by Pakistan ($X), with a 16% share of total exports.

In India, frozen scallops, including queen scallop exports decreased by an average annual rate of -8.6% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, falling by -23.8% against the previous year. Overall, the export price, however, posted a buoyant expansion. The growth pace was the most rapid in 2016 when the export price increased by 206%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020, and then reduced sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+14.4%).

Imports of Frozen Scallops, Including Queen Scallop

Imports in Southern Asia

In 2021, supplies from abroad of frozen scallops, including queen scallop decreased by -20.1% to X tons, falling for the third year in a row after four years of growth. Over the period under review, imports, however, saw a strong increase. The growth pace was the most rapid in 2016 when imports increased by 138%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, frozen scallops, including queen scallop imports contracted notably to $X in 2021. Overall, imports, however, saw strong growth. The pace of growth was the most pronounced in 2016 with an increase of 121% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Maldives dominates imports structure, amounting to X tons, which was near 92% of total imports in 2021. The following importers - Bangladesh (X tons), India (X tons) and Pakistan (X tons) - together made up 6.7% of total imports.

Imports into Maldives increased at an average annual rate of +10.2% from 2012 to 2021. At the same time, Bangladesh (+32.4%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +32.4% from 2012-2021. By contrast, Pakistan (-1.1%) and India (-20.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Maldives and Bangladesh increased by +29 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Maldives ($X) constitutes the largest market for imported frozen scallops, including queen scallop in Southern Asia, comprising 93% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 2.2% share of total imports. It was followed by Pakistan, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value in Maldives stood at +9.8%. In the other countries, the average annual rates were as follows: Bangladesh (+22.7% per year) and Pakistan (+26.9% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, growing by 1.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 40%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+28.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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