Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Thailand - 2024

Contents:

1. Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Thailand (CIF) - 2024
2. Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Thailand (FOB) - 2022
3. Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Thailand
4. Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Thailand

Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Thailand (CIF) - 2024

In January 2024, the average import price for mollusc preparations; scallops, including queen scallops, prepared or preserveds amounted to $3,694 per ton, which is down by -22.2% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 when the average import price increased by 751% against the previous month. As a result, import price attained the peak level of $13,426 per ton. From December 2023 to January 2024, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Japan ($8,283 per ton), while the price for China totaled $1,985 per ton.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+5.7%).

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

The average export price for mollusc preparations; scallops, including queen scallops, prepared or preserveds stood at $6,003 per ton in 2022, which is down by -2.7% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 41%. The export price peaked at $9,831 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($27,083 per ton), while the average price for exports to Myanmar ($3,132 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 Italy (+12.0%), 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 Thailand

In 2022, the amount of mollusc preparations; scallops, including queen scallops, prepared or preserveds imported into Thailand soared to 952 tons, growing by 28% on the previous year. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 94%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of mollusc preparations; scallops, including queen scallops, prepared or preserveds soared to $2.3M in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Japan (632.5 tons)
2. China (318.9 tons)

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

In 2022, approx. 322 tons of mollusc preparations; scallops, including queen scallops, prepared or preserveds were exported from Thailand; picking up by 4.5% against the year before. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -34.5% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 80% against the previous year. As a result, the exports reached the peak of 491 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of mollusc preparations; scallops, including queen scallops, prepared or preserveds rose to $1.9M in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 31%. As a result, the exports reached the peak of $2.4M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Japan (265.5 tons)
2. Myanmar (35.0 tons)
3. United States (21.5 tons)

Source: IndexBox Market Intelligence Platform