Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in China - 2023
Contents:
- Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in China (FOB) - 2023
- Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in China (CIF) - 2022
- Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in China
- Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in China
Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in China (FOB) - 2023
The average export price for mollusc preparations; scallops, including queen scallops, prepared or preserveds stood at $10,249 per ton in December 2023, shrinking by -32.2% against the previous month. In general, the export price showed a pronounced decline. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 54% m-o-m. Over the period under review, the average export prices hit record highs at $16,709 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($24,088 per ton), while the average price for exports to Thailand ($1,356 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in China (CIF) - 2022
In 2022, the average import price for mollusc preparations; scallops, including queen scallops, prepared or preserveds amounted to $17,486 per ton, growing by 68% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 71%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +5.3% per year.
Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in China
In 2022, approx. 12K tons of mollusc preparations; scallops, including queen scallops, prepared or preserveds were exported from China; surging by 25% compared with the previous year. The total export volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of mollusc preparations; scallops, including queen scallops, prepared or preserveds surged to $156M in 2022. The total export value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 44.9 | 32.6 | 37.0 | 63.5 | 12.2% |
| Japan | 24.6 | 22.9 | 23.0 | 27.0 | 3.2% |
| United States | 11.0 | 14.0 | 19.3 | 19.7 | 21.4% |
| Hong Kong SAR | 17.7 | 35.7 | 33.3 | 15.5 | -4.3% |
| South Korea | 5.5 | 6.1 | 6.7 | 12.6 | 31.8% |
| Malaysia | 5.9 | 6.2 | 6.8 | 6.7 | 4.3% |
| Singapore | 4.3 | 2.7 | 4.4 | 4.8 | 3.7% |
| Others | 4.5 | 3.7 | 5.1 | 6.3 | 11.9% |
| Total | 119 | 124 | 136 | 156 | 9.4% |
Top Export Markets for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved from China in 2022:
- Japan (3.2K tons)
- Taiwan (Chinese) (2.5K tons)
- South Korea (2.1K tons)
- United States (1.8K tons)
- Malaysia (0.8K tons)
- Hong Kong SAR (0.6K tons)
- Singapore (0.4K tons)
Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in China
In 2022, purchases abroad of mollusc preparations; scallops, including queen scallops, prepared or preserveds was finally on the rise to reach 1.1K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a deep contraction.
In value terms, imports of mollusc preparations; scallops, including queen scallops, prepared or preserveds skyrocketed to $19M in 2022. Overall, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 11.2 | 10.2 | 9.4 | 18.7 | 18.6% |
| Others | 0.6 | N/A | N/A | N/A | 0% |
| Total | 11.8 | 10.2 | 9.5 | 18.7 | 16.6% |
Top Suppliers of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved to China in 2022:
- Japan (1068.7 tons)
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