United Arab Emirates: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in the United Arab Emirates

The market for frozen scallops, including queen scallop in the United Arab Emirates dropped dramatically to $X in 2021, waning by -41.6% 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). In general, consumption recorded a deep contraction. Frozen scallops, including queen scallop consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports from the United Arab Emirates

In 2021, after two years of decline, there was significant growth in overseas shipments of frozen scallops, including queen scallop, when their volume increased by 159% to X tons. Overall, exports, however, showed a perceptible decline. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, frozen scallops, including queen scallop exports soared to $X in 2021. In general, exports recorded a perceptible expansion. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), Kuwait (X tons) and Oman (X tons) were the main destinations of frozen scallops, including queen scallop exports from the United Arab Emirates, together comprising 17% of total exports. These countries were followed by Maldives, Jordan, Bahrain and Pakistan, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +50.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X), Saudi Arabia ($X) and Jordan ($X) were the largest markets for frozen scallops, including queen scallop exported from the United Arab Emirates worldwide, with a combined 16% share of total exports. Oman, Kuwait, Pakistan and Bahrain lagged somewhat behind, together accounting for a further 10%.

Pakistan, with a CAGR of +100.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, picking up by 63% against the previous year. Over the period under review, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 152%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Kuwait ($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 Pakistan (+33.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into the United Arab Emirates

For the third year in a row, the United Arab Emirates recorded decline in supplies from abroad of frozen scallops, including queen scallop, which decreased by -12.7% to X tons in 2021. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by 28% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop imports reached $X in 2021. Overall, imports saw a mild descent. The pace of growth was the most pronounced in 2013 when imports increased by 37%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of frozen scallops, including queen scallop to the United Arab Emirates, with a 31% share of total imports. Moreover, frozen scallops, including queen scallop imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+50.0% per year) and the United States (-17.8% per year).

In value terms, the largest frozen scallops, including queen scallop suppliers to the United Arab Emirates were Japan ($X), China ($X) and the United States ($X), with a combined 53% share of total imports.

Japan, with a CAGR of +55.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for frozen scallops, including queen scallop stood at $X per ton in 2021, growing by 26% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average import price increased by 64% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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