Asia-Pacific: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Asia-Pacific

The Asia-Pacific market for frozen scallops, including queen scallop surged to $X in 2023, rising by X% against the previous year. The total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Production of Frozen Scallops, Including Queen Scallop in Asia-Pacific

In value terms, frozen scallops, including queen scallop production rose slightly to $X in 2023 estimated in export price. The total production indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports in Asia-Pacific

After two years of growth, shipments abroad of frozen scallops, including queen scallop decreased by X% to X tons in 2023. In general, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then fell sharply in the following year.

In value terms, frozen scallops, including queen scallop exports fell remarkably to $X in 2023. Over the period under review, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Japan (X tons) and China (X tons) prevails in exports structure, together making up X% of total exports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Japan ($X), China ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Japan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Imports of Frozen Scallops, Including Queen Scallop

Imports in Asia-Pacific

After two years of growth, overseas purchases of frozen scallops, including queen scallop decreased by X% to X tons in 2023. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2022, and then declined rapidly in the following year.

In value terms, frozen scallops, including queen scallop imports dropped rapidly to $X in 2023. Total imports indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

China prevails in imports structure, amounting to X tons, which was near X% of total imports in 2023. Hong Kong SAR (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%). The following importers - Vietnam (X tons), Singapore (X tons), Thailand (X tons) and Australia (X tons) - together made up X% of total imports.

China was also the fastest-growing in terms of the frozen scallops, including queen scallop imports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%), Singapore (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Vietnam experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) and Australia (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Australia and Hong Kong SAR saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), China ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, jumping by X% against the previous year. In general, the import price, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform