EU: Market for Frozen Scallops, Including Queen Scallop 2024

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

In 2022, the EU market for frozen scallops, including queen scallop increased by X% to $X, rising for the second consecutive year after five years of decline. Over the period under review, consumption, however, saw a pronounced contraction. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Scallops, Including Queen Scallop in the EU

In value terms, frozen scallops, including queen scallop production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports in the EU

In 2022, overseas shipments of frozen scallops, including queen scallop increased by X% to X tons, rising for the sixth year in a row after three years of decline. Total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, frozen scallops, including queen scallop exports surged to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, France (X tons) represented the main exporter of frozen scallops, including queen scallop, constituting X% of total exports. Denmark (X tons) ranks second in terms of the total exports with an X% share, followed by the Netherlands (X%), Belgium (X%) and Spain (X%). The following exporters - Italy (X tons) and Germany (X tons) - each accounted for a X% share of total exports.

France was also the fastest-growing in terms of the frozen scallops, including queen scallop exports, with a CAGR of X% from 2012 to 2022. At the same time, the Netherlands (X%), Germany (X%), Spain (X%) and Denmark (X%) displayed positive paces of growth. By contrast, Italy (X%) and Belgium (X%) illustrated a downward trend over the same period. While the share of France (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Denmark (X p.p.), Italy (X p.p.) and Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, the Netherlands, 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 more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports in the EU

In 2022, approx. X tons of frozen scallops, including queen scallop were imported in the European Union; jumping by X% compared with 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, frozen scallops, including queen scallop imports surged to $X in 2022. Total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France was the key importer of frozen scallops, including queen scallop in the European Union, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Denmark (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%), the Netherlands (X%), Spain (X%) and Belgium (X%). Germany (X tons) followed a long way behind the leaders.

Imports into France decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%), Denmark (X%) and Germany (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, Spain (X%) and Belgium (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) and Denmark (X p.p.) significantly strengthened its position in terms of the total imports, while Belgium and France saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported frozen scallops, including queen scallop in the European Union, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total imports. It was followed by Denmark, with an X% share.

From 2012 to 2022, the average annual growth rate of value in France stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Denmark (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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