Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Italy - 2023

Contents:

1. Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Italy (CIF) - 2022
2. Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Italy (FOB) - 2022
3. Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Italy
4. Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Italy

Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Italy (CIF) - 2022

The average import price for mollusc preparations; scallops, including queen scallops, prepared or preserveds stood at $12,841 per ton in 2022, dropping by -11.7% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average import price increased by 79% against the previous year. The import price peaked at $16,961 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($32,775 per ton), while the price for Portugal ($1,997 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.3%), 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 Italy (FOB) - 2022

The average export price for mollusc preparations; scallops, including queen scallops, prepared or preserveds stood at $24,647 per ton in 2022, with an increase of 115% against the previous year. In general, the export price showed strong growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 140% against the previous year. The export price peaked at $25,736 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($41,827 per ton), while the average price for exports to Malta ($9,786 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 Greece (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Italy

Imports of mollusc preparations; scallops, including queen scallops, prepared or preserveds into Italy skyrocketed to 165 tons in 2022, increasing by 58% on the previous year's figure. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 83% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of mollusc preparations; scallops, including queen scallops, prepared or preserveds soared to $2.1M in 2022. In general, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 199%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved to Italy in 2022:

1. France (74.8 tons)
2. Spain (41.2 tons)
3. Netherlands (34.9 tons)
4. Portugal (11.8 tons)

Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Italy

In 2022, exports of mollusc preparations; scallops, including queen scallops, prepared or preserveds from Italy soared to 6.3 tons, jumping by 161% compared with 2021. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 343% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of mollusc preparations; scallops, including queen scallops, prepared or preserveds soared to $156K in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved from Italy in 2022:

1. Malta (3.3 tons)
2. Greece (2.4 tons)
3. Austria (0.3 tons)
4. Croatia (0.2 tons)

Source: IndexBox Market Intelligence Platform