Report Update: May 1, 2024

Chile - Frozen Scallops, Including Queen Scallop - Market Analysis, Forecast, Size, Trends And Insights

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Price for Frozen Scallops, Including Queen Scallop in Chile - 2023

Price for Frozen Scallops, Including Queen Scallop in Chile (FOB) - 2023

In July 2023, the average export price for frozen scallops, including queen scallop amounted to $12,986 per ton, waning by -2.8% against the previous month. In general, the export price recorded a mild slump. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 6.9% against the previous month. The export price peaked at $15,068 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From July 2022 to July 2023, the rate of growth in terms of prices for Spain amounted to -1.2% per month.

Price for Frozen Scallops, Including Queen Scallop in Chile (CIF) - 2023

In June 2023, the average import price for frozen scallops, including queen scallop amounted to $10,020 per ton, which is down by -51.6% against the previous month. In general, the import price saw a slight downturn. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 93% month-to-month. As a result, import price attained the peak level of $20,696 per ton, and then shrank rapidly in the following month.

As there is only one major supplying country, the average price level is determined by prices for China.

From July 2022 to June 2023, the rate of growth in terms of prices for Peru amounted to +6.2% per month.

Exports of Frozen Scallops, Including Queen Scallop in Chile

For the third year in a row, Chile recorded decline in overseas shipments of frozen scallops, including queen scallop, which decreased by -16.6% to 717 tons in 2022. In general, exports faced a abrupt setback.

In value terms, frozen scallops, including queen scallop exports expanded notably to $10M in 2022. Over the period under review, exports saw a deep slump.

Export of Frozen Scallops, Including Queen Scallop in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	10.6	7.8	8.7	9.2	-4.6%
Portugal	0.1	0.2	0.3	0.6	81.7%
United States	1.5	0.6	0.4	0.3	-41.5%
Belgium	0.6	0.4	N/A	N/A	-33.3%
Others	1.9	0.6	0.2	0.1	-62.5%
Total	14.7	9.7	9.5	10.2	-11.5%

Top Export Markets for Frozen Scallops, Including Queen Scallop from Chile in 2022:

Spain (653.2 tons)
Portugal (40.1 tons)
United States (15.2 tons)

Imports of Frozen Scallops, Including Queen Scallop in Chile

In 2022, overseas purchases of frozen scallops, including queen scallop decreased by -50% to 294 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 172% against the previous year. As a result, imports reached the peak of 589 tons, and then reduced notably in the following year.

In value terms, frozen scallops, including queen scallop imports reduced dramatically to $2.6M in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 232%. As a result, imports attained the peak of $5.3M, and then contracted sharply in the following year.

Import of Frozen Scallops, Including Queen Scallop in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	1.1	1.1	3.4	3.2	42.8%
China	0.1	0.5	1.9	2.8	203.7%
Others	N/A	N/A	N/A	-3.4	0%
Total	1.2	1.6	5.3	2.6	29.4%

Top Suppliers of Frozen Scallops, Including Queen Scallop to Chile in 2022:

China (296.8 tons)
Peru (253.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for frozen scallops, including queen scallop in Chile. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023