Report Update: Apr 1, 2024

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

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

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

In June 2023, the average import price for frozen scallops, including queen scallop amounted to $10,600 per ton, surging by 5.5% against the previous month. In general, the import price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in November 2022 an increase of 114% m-o-m. As a result, import price reached the peak level of $17,757 per ton. From December 2022 to June 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($26,620 per ton), while the price for China ($5,612 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 China (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for frozen scallops, including queen scallop amounted to $2,481 per ton, falling by -70.3% against the previous year. Over the period under review, the export price, however, recorded a modest increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 492%. The export price peaked at $13,093 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was New Caledonia ($15,877 per ton), while the average price for exports to Myanmar ($816 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 the Philippines (+50.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop in Thailand

In 2022, approx. 1.9K tons of frozen scallops, including queen scallop were imported into Thailand; jumping by 66% against 2021. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, 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 soared to $21M in 2022. Over the period under review, imports continue to indicate resilient 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 Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	7.2	4.4	5.9	12.2	19.2%
China	4.1	5.4	3.7	7.0	19.5%
United States	1.6	0.6	0.7	1.1	-11.7%
Others	0.2	0.1	N/A	0.2	0.0%
Total	13.1	10.5	10.4	20.5	16.1%

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

China (1427.1 tons)
Japan (447.7 tons)
United States (37.3 tons)

Exports of Frozen Scallops, Including Queen Scallop in Thailand

In 2022, shipments abroad of frozen scallops, including queen scallop was finally on the rise to reach 47 tons after two years of decline. Overall, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen scallops, including queen scallop exports surged to $117K in 2022. Over the period under review, exports, however, saw a sharp decrease.

Export of Frozen Scallops, Including Queen Scallop in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cambodia	148	29.7	8.5	42.2	-34.2%
Myanmar	N/A	N/A	N/A	28.8	0%
New Caledonia	48.6	N/A	19.0	22.9	-22.2%
Philippines	18.0	7.3	N/A	11.8	-13.1%
Bangladesh	N/A	1.1	0.7	3.1	67.9%
Japan	126	N/A	2.4	N/A	-86.2%
United States	41.5	N/A	N/A	N/A	0%
Australia	27.6	N/A	N/A	N/A	0%
Others	3.3	8.5	6.0	8.5	37.1%
Total	413	46.6	36.5	117	-34.3%

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

Myanmar (35.3 tons)
Cambodia (7.3 tons)
Bangladesh (2.0 tons)
New Caledonia (1.4 tons)
Philippines (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 Thailand. 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:

Thailand

Data coverage:

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

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