EU: Market for Frozen Scallops, Including Queen Scallop 2024

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

After two years of growth, the EU market for frozen scallops, including queen scallop decreased by X% to $X in 2023. In general, consumption recorded a pronounced downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Frozen Scallops, Including Queen Scallop in the EU

In value terms, frozen scallops, including queen scallop production contracted slightly to $X in 2023 estimated in export price. Overall, production, however, recorded a deep setback. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports in the EU

In 2023, after four 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. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2022, and then reduced in the following year.

In value terms, frozen scallops, including queen scallop exports dropped modestly to $X in 2023. In general, exports, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then shrank modestly in the following year.

Exports by Country

In 2023, France (X tons) represented the major exporter of frozen scallops, including queen scallop, constituting X% of total exports. The Netherlands (X tons) took the second position in the ranking, followed by Denmark (X tons), Belgium (X tons) and Sweden (X tons). All these countries together held approx. X% share of total exports. The following exporters - Italy (X tons) and Spain (X tons) - each finished at an X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to frozen scallops, including queen scallop exports from France stood at X%. At the same time, Sweden (X%), the Netherlands (X%) and Spain (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. Denmark experienced a relatively flat trend pattern. By contrast, Italy (X%) and Belgium (X%) illustrated a downward trend over the same period. France (X p.p.), the Netherlands (X p.p.), Sweden (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total exports, while Denmark, Italy and Belgium saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, the largest frozen scallops, including queen scallop supplying countries in the European Union were France ($X), the Netherlands ($X) and Belgium ($X), with a combined X% share of total exports. Denmark, Spain, Sweden and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Sweden, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the export price in the European Union amounted to $X per ton, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 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 Spain ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, 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

After two years of growth, purchases abroad of frozen scallops, including queen scallop decreased by X% to X tons in 2023. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, frozen scallops, including queen scallop imports fell markedly to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. 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 reduced markedly in the following year.

Imports by Country

Spain (X tons) and France (X tons) were the main importers of frozen scallops, including queen scallop in 2023, reaching near X% and X% of total imports, respectively. Denmark (X tons) took the next position in the ranking, followed by Italy (X tons), the Netherlands (X tons) and Belgium (X tons). All these countries together took near X% share of total imports. Sweden (X tons) followed a long way behind the leaders.

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

In value terms, the largest frozen scallops, including queen scallop importing markets in the European Union were France ($X), Spain ($X) and the Netherlands ($X), together comprising X% of total imports.

Spain, with a CAGR of X%, saw the highest growth rate of 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 the European Union stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 2023, 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.

Source: IndexBox Platform