Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Canada - 2024
Contents:
- Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Canada (CIF) - 2022
- Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Canada (FOB) - 2024
- Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Canada
- Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Canada
Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Canada (CIF) - 2022
In 2022, the average import price for mollusc preparations; scallops, including queen scallops, prepared or preserveds amounted to $13,159 per ton, with an increase of 12% against the previous year. In general, the import price posted tangible growth. The growth pace was the most rapid in 2016 an increase of 66% against the previous year. The import price peaked at $20,176 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($23,525 per ton), while the price for Singapore ($5,009 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Canada (FOB) - 2024
In January 2024, the average export price for mollusc preparations; scallops, including queen scallops, prepared or preserveds amounted to $17,605 per ton, picking up by 29% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average export price increased by 70% m-o-m. The export price peaked at $18,740 per ton in July 2023; however, from August 2023 to January 2024, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to -0.4% per month.
Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Canada
In 2022, approx. 297 tons of mollusc preparations; scallops, including queen scallops, prepared or preserveds were imported into Canada; with an increase of 7.1% compared with the previous year's figure. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.8% 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 +76.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 65% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of mollusc preparations; scallops, including queen scallops, prepared or preserveds skyrocketed to $3.9M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 48%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 629 | 1,187 | 1,450 | 1,990 | 46.8% |
| Japan | 1,059 | 755 | 604 | 1,229 | 5.1% |
| United States | 394 | 1,364 | 1,097 | 457 | 5.1% |
| Thailand | N/A | N/A | N/A | 108 | 0% |
| Singapore | 0.6 | 3.1 | N/A | 37.3 | 296.1% |
| Others | 174 | 23.9 | 99.2 | 86.6 | -20.8% |
| Total | 2,257 | 3,333 | 3,250 | 3,907 | 20.1% |
Top Suppliers of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved to Canada in 2022:
- China (189.9 tons)
- Japan (55.7 tons)
- United States (35.0 tons)
- Singapore (7.5 tons)
- Thailand (4.6 tons)
Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Canada
In 2022, shipments abroad of mollusc preparations; scallops, including queen scallops, prepared or preserveds decreased by -60.3% to 48 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 75% against the previous year. As a result, the exports reached the peak of 121 tons, and then shrank remarkably in the following year.
In value terms, exports of mollusc preparations; scallops, including queen scallops, prepared or preserveds dropped dramatically to $1.2M in 2022. Over the period under review, exports saw a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of 53%. As a result, the exports reached the peak of $3M, and then reduced dramatically in the following year.
| Export of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.3 | 1.9 | 3.0 | 1.2 | -2.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.4 | 2.0 | 3.0 | 1.2 | -5.0% |
Top Export Markets for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved from Canada in 2022:
- United States (48.1 tons)
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