Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Singapore - 2023
Contents:
- Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Singapore (CIF) - 2022
- Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Singapore (FOB) - 2022
- Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Singapore
- Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Singapore
Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Singapore (CIF) - 2022
The average import price for mollusc preparations; scallops, including queen scallops, prepared or preserveds stood at $19,446 per ton in 2022, picking up by 29% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($49,683 per ton), while the price for Thailand ($3,895 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Singapore (FOB) - 2022
The average export price for mollusc preparations; scallops, including queen scallops, prepared or preserveds stood at $12,116 per ton in 2022, rising by 4.2% against the previous year. In general, the export price, however, saw a mild decrease. The pace of growth was the most pronounced in 2014 an increase of 62%. Over the period under review, the average export prices hit record highs at $24,593 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($36,099 per ton), while the average price for exports to Canada ($2,940 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+14.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Singapore
In 2022, after two years of decline, there was significant growth in purchases abroad of mollusc preparations; scallops, including queen scallops, prepared or preserveds, when their volume increased by 7.9% to 346 tons. In general, imports, however, showed a abrupt setback.
In value terms, imports of mollusc preparations; scallops, including queen scallops, prepared or preserveds surged to $6.7M in 2022. Over the period under review, imports, however, faced a deep slump.
| Import of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.3 | 2.8 | 2.4 | 4.1 | -1.6% |
| China | 5.0 | 2.4 | 1.9 | 1.9 | -27.6% |
| Vietnam | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| United States | 0.3 | N/A | N/A | 0.2 | -12.6% |
| Malaysia | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Thailand | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 10.4 | 5.7 | 4.8 | 6.7 | -13.6% |
Top Suppliers of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved to Singapore in 2022:
- China (159.7 tons)
- Japan (82.5 tons)
- Vietnam (54.4 tons)
- Malaysia (23.3 tons)
- Thailand (16.1 tons)
- United States (7.2 tons)
Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Singapore
For the third consecutive year, Singapore recorded decline in overseas shipments of mollusc preparations; scallops, including queen scallops, prepared or preserveds, which decreased by -22.5% to 15 tons in 2022. In general, exports faced a sharp reduction. The smallest decline of -22.2% was in 2020.
In value terms, exports of mollusc preparations; scallops, including queen scallops, prepared or preserveds reduced notably to $177K in 2022. Overall, exports saw a precipitous setback.
| Export of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 390 | 166 | 84.8 | 102 | -36.0% |
| Indonesia | 46.1 | 1.5 | 37.9 | 58.0 | 8.0% |
| Maldives | 5.8 | 0.1 | 3.5 | 8.4 | 13.1% |
| Mauritius | N/A | N/A | N/A | 4.6 | 0% |
| Hong Kong SAR | 23.6 | 38.4 | 6.1 | N/A | -49.2% |
| Philippines | N/A | 89.1 | N/A | N/A | 0% |
| Northern Mariana Islands | N/A | N/A | 52.4 | N/A | 0% |
| Others | 15.1 | 46.4 | 34.7 | 4.1 | -35.2% |
| Total | 480 | 341 | 219 | 177 | -28.3% |
Top Export Markets for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved from Singapore in 2022:
- Malaysia (8.2 tons)
- Indonesia (5.2 tons)
- Mauritius (0.6 tons)
- Maldives (0.2 tons)
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