Spain: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Spain

In 2021, the Spanish market for frozen scallops, including queen scallop increased by 21% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Spain

In 2021, approx. X tons of frozen scallops, including queen scallop were exported from Spain; jumping by 47% against 2020. In general, exports recorded a pronounced expansion. The growth pace was the most rapid in 2015 with an increase of 94%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, frozen scallops, including queen scallop exports surged to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for frozen scallops, including queen scallop exports from Spain, accounting for a 44% share of total exports. Moreover, frozen scallops, including queen scallop exports to France exceeded the volume sent to the second major destination, Portugal (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-1.5% per year) and Italy (+33.0% per year).

In value terms, France ($X), Italy ($X) and Portugal ($X) appeared to be the largest markets for frozen scallops, including queen scallop exported from Spain worldwide, with a combined 76% share of total exports. These countries were followed by Germany, the UK, Andorra, Argentina, Greece and the Dominican Republic, which together accounted for a further 13%.

Among the main countries of destination, Germany, with a CAGR of +56.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for frozen scallops, including queen scallop stood at $X per ton in 2021, surging by 3.9% against the previous year. Over the period under review, the export price, however, showed a perceptible setback. The pace of growth was the most pronounced in 2017 an increase of 41% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Argentina ($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 Germany (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Spain

After two years of decline, supplies from abroad of frozen scallops, including queen scallop increased by 27% to X tons in 2021. Overall, imports, however, saw a mild reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 32%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, frozen scallops, including queen scallop imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest frozen scallops, including queen scallop supplier to Spain, with a 56% share of total imports. Moreover, frozen scallops, including queen scallop imports from France exceeded the figures recorded by the second-largest supplier, Chile (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+16.6% per year) and the Netherlands (+13.2% per year).

In value terms, France ($X) constituted the largest supplier of frozen scallops, including queen scallop to Spain, comprising 46% of total imports. The second position in the ranking was taken by Chile ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+16.6% per year) and the Netherlands (+23.5% per year).

Import Prices by Country

In 2021, the average import price for frozen scallops, including queen scallop amounted to $X per ton, declining by -3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2016 an increase of 29%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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 Ireland ($X per ton), while the price for Portugal ($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 (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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