MENA: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in MENA

The MENA's market for frozen scallops, including queen scallop amounted to $X in 2023, increasing by X% against the previous year. The total consumption indicated a moderate 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the near future.

Production of Frozen Scallops, Including Queen Scallop in MENA

In value terms, frozen scallops, including queen scallop production expanded remarkably to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports in MENA

In 2023, after two years of decline, there was significant growth in shipments abroad of frozen scallops, including queen scallop, when their volume increased by X% to X tons. Overall, exports, however, faced a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, frozen scallops, including queen scallop exports contracted to $X in 2023. Over the period under review, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the largest exporting country with an export of about X tons, which resulted at X% of total exports. Tunisia (X tons) held the second position in the ranking, distantly followed by Turkey (X tons). All these countries together took near X% share of total exports. The following exporters - Egypt (X tons) and Morocco (X tons) - each amounted to a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to frozen scallops, including queen scallop exports from the United Arab Emirates stood at X%. At the same time, Egypt (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Turkey (X%) and Morocco (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Tunisia (X p.p.) and Egypt (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Turkey (X p.p.) and Morocco (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest frozen scallops, including queen scallop supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Imports of Frozen Scallops, Including Queen Scallop

Imports in MENA

In 2023, purchases abroad of frozen scallops, including queen scallop increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, frozen scallops, including queen scallop imports dropped slightly to $X in 2023. Overall, imports saw slight growth. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the main importer of frozen scallops, including queen scallop in MENA, with the volume of imports recording X tons, which was approx. X% of total imports in 2023. Morocco (X tons) ranks second in terms of the total imports with a X% share, followed by Israel (X%) and Turkey (X%). Tunisia (X tons), Egypt (X tons) and Djibouti (X tons) took a little share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. At the same time, Djibouti (X%), Tunisia (X%), Morocco (X%) and Israel (X%) displayed positive paces of growth. Moreover, Djibouti emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Turkey and Egypt experienced a relatively flat trend pattern. While the share of Morocco (X p.p.), Israel (X p.p.), the United Arab Emirates (X p.p.), Tunisia (X p.p.), Turkey (X p.p.) and Djibouti (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported frozen scallops, including queen scallop in MENA, comprising X% of total imports. The second position in the ranking was held by Morocco ($X), with an X% share of total imports. It was followed by Israel, with an X% share.

In the United Arab Emirates, frozen scallops, including queen scallop imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Israel (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, waning by X% against the previous year. Import price indicated strong growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, frozen scallops, including queen scallop import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

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 Israel ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform