Spain: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Spain

After two years of growth, the Spanish market for frozen scallops, including queen scallop decreased by X% to $X in 2023. In general, consumption showed a prominent increase. As a result, consumption attained the peak level of $X, leveling off in the following year.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Spain

In 2023, after two years of growth, there was significant decline in shipments abroad of frozen scallops, including queen scallop, when their volume decreased by X% to X tons. In general, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then fell significantly in the following year.

In value terms, frozen scallops, including queen scallop exports stood at $X in 2023. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), Italy (X tons) and Portugal (X tons) were the main destinations of frozen scallops, including queen scallop exports from Spain, with a combined X% share of total exports. Norway, Cuba, Belgium, Greece, the Netherlands, the UK, Andorra, Germany, Singapore and Luxembourg lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Norway (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Portugal ($X) appeared to be the largest markets for frozen scallops, including queen scallop exported from Spain worldwide, together accounting for X% of total exports. Norway, Cuba, the Netherlands, Germany, Belgium, Luxembourg, Greece, the UK, Singapore and Andorra lagged somewhat behind, together accounting for a further X%.

Norway, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for frozen scallops, including queen scallop stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Andorra ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Spain

In 2023, supplies from abroad of frozen scallops, including queen scallop increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, frozen scallops, including queen scallop imports dropped slightly to $X in 2023. Overall, imports saw buoyant growth. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

In 2023, France (X tons) constituted the largest frozen scallops, including queen scallop supplier to Spain, with a X% share of total imports. Moreover, frozen scallops, including queen scallop imports from France exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. Chile (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Chile (X% per year).

In value terms, the largest frozen scallops, including queen scallop suppliers to Spain were Peru ($X), France ($X) and Chile ($X), together accounting for X% of total imports.

Among the main suppliers, Peru, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for frozen scallops, including queen scallop stood at $X per ton in 2023, which is down by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform