Norway - Frozen Scallops, Including Queen Scallop - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Frozen Scallops, Including Queen Scallop in Norway - 2023
Contents:
- Price for Frozen Scallops, Including Queen Scallop in Norway (CIF) - 2023
- Price for Frozen Scallops, Including Queen Scallop in Norway (FOB) - 2022
- Imports of Frozen Scallops, Including Queen Scallop in Norway
- Exports of Frozen Scallops, Including Queen Scallop in Norway
Price for Frozen Scallops, Including Queen Scallop in Norway (CIF) - 2023
In June 2023, the average import price for frozen scallops, including queen scallop amounted to $16,802 per ton, shrinking by -42.6% against the previous month. Over the period under review, the import price showed a pronounced setback. The growth pace was the most rapid in March 2023 an increase of 49% month-to-month. The import price peaked at $34,325 per ton in August 2022; however, from September 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($31,382 per ton), while the price for Denmark ($9,648 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Canada (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Frozen Scallops, Including Queen Scallop in Norway (FOB) - 2022
In 2022, the average export price for frozen scallops, including queen scallop amounted to $12,209 per ton, falling by -46.6% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 36% against the previous year. As a result, the export price attained the peak level of $39,555 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($25,230 per ton), while the average price for exports to Germany ($9,201 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 Germany (+19.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Frozen Scallops, Including Queen Scallop in Norway
In 2022, approx. 257 tons of frozen scallops, including queen scallop were imported into Norway; with an increase of 39% on 2021. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen scallops, including queen scallop imports skyrocketed to $7.4M in 2022. Overall, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Scallops, Including Queen Scallop in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2,679 | 2,568 | 3,095 | 4,199 | 16.2% |
| United States | 1,453 | 1,457 | 1,003 | 1,576 | 2.7% |
| Japan | 16.8 | 12.5 | 203 | 738 | 252.8% |
| Denmark | 2.2 | 1.4 | 227 | 487 | 504.9% |
| France | N/A | N/A | N/A | 289 | 0% |
| Faroe Islands | 37.7 | 37.9 | 19.9 | 45.0 | 6.1% |
| Others | 134 | 165 | 115 | 100 | -9.3% |
| Total | 4,324 | 4,242 | 4,663 | 7,434 | 19.8% |
Top Suppliers of Frozen Scallops, Including Queen Scallop to Norway in 2022:
- Canada (130.4 tons)
- United States (55.9 tons)
- Japan (24.7 tons)
- Denmark (22.7 tons)
- Faroe Islands (11.0 tons)
- France (7.8 tons)
Exports of Frozen Scallops, Including Queen Scallop in Norway
Frozen scallops, including queen scallop exports from Norway declined markedly to 1.3 tons in 2022, with a decrease of -65.9% on 2021. In general, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. As a result, the exports reached the peak of 3.7 tons, and then reduced markedly in the following year.
In value terms, frozen scallops, including queen scallop exports declined markedly to $15K in 2022. Over the period under review, exports faced a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 88%. As a result, the exports attained the peak of $85K, and then reduced remarkably in the following year.
| Export of Frozen Scallops, Including Queen Scallop in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 1.9 | 15.9 | 9.6 | 124.8% |
| Germany | N/A | N/A | N/A | 2.5 | 0% |
| Vietnam | N/A | N/A | N/A | 1.8 | 0% |
| South Korea | N/A | N/A | N/A | 1.1 | 0% |
| Sweden | 44.5 | 33.7 | 9.4 | N/A | -54.0% |
| Finland | 11.1 | N/A | N/A | N/A | 0% |
| Denmark | 6.2 | 6.4 | 58.6 | N/A | 207.4% |
| Others | 1.7 | 3.1 | 0.7 | 0.3 | -43.9% |
| Total | 63.5 | 45.1 | 84.6 | 15.4 | -37.6% |
Top Export Markets for Frozen Scallops, Including Queen Scallop from Norway in 2022:
- Turkey (822.0 kg)
- Germany (277.0 kg)
- Vietnam (73.0 kg)
- South Korea (69.0 kg)
This report provides an in-depth analysis of the market for frozen scallops, including queen scallop in Norway. 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:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- 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
- Find deeper insights into current market developments
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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