United Kingdom: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in the UK

In 2021, the UK market for frozen scallops, including queen scallop decreased by -45.6% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, enjoyed resilient growth. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Production of Frozen Scallops, Including Queen Scallop in the UK

In value terms, frozen scallops, including queen scallop production rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 23%. Frozen scallops, including queen scallop production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports from the UK

In 2021, shipments abroad of frozen scallops, including queen scallop increased by 18% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 28%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop exports soared to $X in 2021. In general, exports, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2015 with an increase of 30% against the previous year. The exports peaked at $X in 2016; however, from 2017 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 the UK, accounting for a 65% share of total exports. Moreover, frozen scallops, including queen scallop exports to France exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-14.4% per year) and Spain (-18.0% per year).

In value terms, France ($X) emerged as the key foreign market for frozen scallops, including queen scallop exports from the UK, comprising 66% of total exports. The second position in the ranking was taken by Italy ($X), with a 16% share of total exports. It was followed by Spain, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-11.4% per year) and Spain (-13.4% per year).

Export Prices by Country

The average export price for frozen scallops, including queen scallop stood at $X per ton in 2021, increasing by 9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 14%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Italy ($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 the Netherlands (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into the UK

In 2021, supplies from abroad of frozen scallops, including queen scallop increased by 7.1% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 61% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, frozen scallops, including queen scallop imports expanded to $X in 2021. Over the period under review, imports posted perceptible growth. The most prominent rate of growth was recorded in 2013 with an increase of 50%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of frozen scallops, including queen scallop to the UK, accounting for a 59% share of total imports. Moreover, frozen scallops, including queen scallop imports from France exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+5.6% per year) and the United States (-14.5% per year).

In value terms, France ($X) constituted the largest supplier of frozen scallops, including queen scallop to the UK, comprising 55% of total imports. The second position in the ranking was taken by Canada ($X), with a 19% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+7.9% per year) and the United States (-11.3% per year).

Import Prices by Country

The average import price for frozen scallops, including queen scallop stood at $X per ton in 2021, which is down by -3.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 29%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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