Portugal - Frozen Scallops, Including Queen Scallop - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

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

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

Contents:

  1. Price for Frozen Scallops, Including Queen Scallop in Portugal (CIF) - 2023
  2. Price for Frozen Scallops, Including Queen Scallop in Portugal (FOB) - 2022
  3. Imports of Frozen Scallops, Including Queen Scallop in Portugal
  4. Exports of Frozen Scallops, Including Queen Scallop in Portugal

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

In May 2023, the average import price for frozen scallops, including queen scallop amounted to $10,934 per ton, falling by -5.2% against the previous month. In general, import price indicated slight growth from May 2022 to May 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, frozen scallops, including queen scallop import price decreased by -47.8% against January 2023 indices. The pace of growth was the most pronounced in June 2022 an increase of 50% against the previous month. The import price peaked at $20,926 per ton in January 2023; however, from February 2023 to May 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was the Netherlands ($23,437 per ton), while the price for Peru ($9,973 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Peru (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Frozen Scallops, Including Queen Scallop in Portugal (FOB) - 2022

In 2022, the average export price for frozen scallops, including queen scallop amounted to $13,206 per ton, surging by 31% against the previous year. Overall, the export price saw strong growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($16,229 per ton), while the average price for exports to France ($2,597 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 Spain (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop in Portugal

In 2022, imports of frozen scallops, including queen scallop into Portugal surged to 242 tons, growing by 50% on the previous year. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.0% against 2020 indices. 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 soared to $3.5M in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Frozen Scallops, Including Queen Scallop in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain8515449411,59723.3%
Chile12448236266675.1%
France89.211038266695.5%
Netherlands15250.718027421.7%
United StatesN/AN/AN/A1570%
PeruN/AN/AN/A58.20%
United Kingdom212122N/AN/A-42.5%
Others84.353.166.249.2-16.4%
Total1,5131,3621,9313,46731.8%

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

  1. United Kingdom (undefined tons)
  2. Spain (141.5 tons)
  3. Chile (41.1 tons)
  4. France (33.7 tons)
  5. Netherlands (14.5 tons)
  6. United States (5.0 tons)
  7. Peru (4.2 tons)

Exports of Frozen Scallops, Including Queen Scallop in Portugal

Frozen scallops, including queen scallop exports from Portugal skyrocketed to 65 tons in 2022, increasing by 29% compared with 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 188%. As a result, the exports attained the peak of 75 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, frozen scallops, including queen scallop exports soared to $853K in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 182%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Frozen Scallops, Including Queen Scallop in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain12853538978983.4%
France16.613.47.027.918.9%
Luxembourg2.2N/A0.416.194.1%
Switzerland14.029.612.48.4-15.7%
Angola5.30.60.45.72.5%
Others41.37.192.96.2-46.9%
Total20858550285360.1%

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

  1. Spain (48.6 tons)
  2. France (10.7 tons)
  3. Switzerland (2.0 tons)
  4. Luxembourg (1.8 tons)
  5. Angola (1.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for frozen scallops, including queen scallop in Portugal. 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:

    • Portugal

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Portugal
    • 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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. 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
    12. 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
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