U.S. - Frozen Scallops, Including Queen Scallop - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Frozen Scallops, Including Queen Scallop in the United States - 2023
Contents:
- Price for Frozen Scallops, Including Queen Scallop in the United States (CIF) - 2023
- Price for Frozen Scallops, Including Queen Scallop in the United States (FOB) - 2023
- Imports of Frozen Scallops, Including Queen Scallop in the United States
- Exports of Frozen Scallops, Including Queen Scallop in the United States
Price for Frozen Scallops, Including Queen Scallop in the United States (CIF) - 2023
The average import price for frozen scallops, including queen scallop stood at $16,860 per ton in August 2023, surging by 31% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.5%. The import price peaked at $17,236 per ton in December 2022; however, from January 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Peru ($31,715 per ton), while the price for the Philippines ($5,396 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Peru (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Scallops, Including Queen Scallop in the United States (FOB) - 2023
The average export price for frozen scallops, including queen scallop stood at $20,374 per ton in August 2023, surging by 16% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in November 2022 an increase of 38% month-to-month. The export price peaked at $23,766 per ton in December 2022; however, from January 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was France ($30,571 per ton), while the average price for exports to Belgium ($12,575 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Frozen Scallops, Including Queen Scallop in the United States
In 2022, supplies from abroad of frozen scallops, including queen scallop decreased by -1.2% to 20K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, imports attained the peak of 21K tons, and then declined modestly in the following year.
In value terms, frozen scallops, including queen scallop imports soared to $285M in 2022. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 68% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Frozen Scallops, Including Queen Scallop in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 57.2 | 34.8 | 89.9 | 160 | 40.9% |
| Argentina | 13.0 | 19.1 | 24.3 | 32.5 | 35.7% |
| China | 16.7 | 14.3 | 27.3 | 31.1 | 23.0% |
| Canada | 30.1 | 34.1 | 34.2 | 30.6 | 0.6% |
| Peru | 21.2 | 28.4 | 43.6 | 11.9 | -17.5% |
| Mexico | 6.2 | 2.5 | 7.6 | 8.3 | 10.2% |
| Philippines | 2.0 | 3.0 | 5.2 | 4.1 | 27.0% |
| Others | 7.0 | 7.7 | 9.4 | 6.5 | -2.4% |
| Total | 153 | 144 | 241 | 285 | 23.0% |
Top Suppliers of Frozen Scallops, Including Queen Scallop to the United States in 2022:
- Japan (7.9K tons)
- China (5.2K tons)
- Argentina (3.9K tons)
- Canada (1.0K tons)
- Mexico (0.8K tons)
- Philippines (0.8K tons)
- Peru (0.7K tons)
Exports of Frozen Scallops, Including Queen Scallop in the United States
In 2022, the amount of frozen scallops, including queen scallop exported from the United States expanded sharply to 5.1K tons, growing by 13% on the year before. Over the period under review, exports, however, saw a noticeable slump.
In value terms, frozen scallops, including queen scallop exports rose markedly to $93M in 2022. In general, exports, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of 15%.
| Export of Frozen Scallops, Including Queen Scallop in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 17.9 | 14.8 | 20.1 | 33.5 | 23.2% |
| Canada | 33.6 | 31.7 | 31.3 | 21.9 | -13.3% |
| Netherlands | 16.6 | 6.7 | 14.0 | 16.9 | 0.6% |
| Belgium | 7.8 | 3.5 | 1.1 | 2.7 | -29.8% |
| United Kingdom | 6.6 | 3.6 | 2.2 | 2.4 | -28.6% |
| Australia | 3.2 | 0.7 | 1.3 | 1.5 | -22.3% |
| Others | 19.4 | 10.0 | 11.6 | 14.5 | -9.2% |
| Total | 105 | 70.9 | 81.6 | 93.4 | -3.8% |
Top Export Markets for Frozen Scallops, Including Queen Scallop from the United States in 2022:
- France (2488.8 tons)
- Canada (995.2 tons)
- Netherlands (738.9 tons)
- United Kingdom (99.4 tons)
- Belgium (91.6 tons)
- Australia (63.1 tons)
This report provides an in-depth analysis of the market for frozen scallops, including queen scallop in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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