Asia-Pacific: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Asia-Pacific

In 2022, the Asia-Pacific market for frozen scallops, including queen scallop decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption continues to indicate a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Frozen Scallops, Including Queen Scallop in Asia-Pacific

In value terms, frozen scallops, including queen scallop production amounted to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports in Asia-Pacific

In 2022, overseas shipments of frozen scallops, including queen scallop increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a prominent 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 soared to $X in 2022. Overall, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan was the main exporter of frozen scallops, including queen scallop in Asia-Pacific, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by China (X tons), constituting a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%).

In value terms, the largest frozen scallops, including queen scallop supplying countries in Asia-Pacific were Japan ($X) and China ($X).

Japan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Frozen Scallops, Including Queen Scallop

Imports in Asia-Pacific

After two years of decline, supplies from abroad of frozen scallops, including queen scallop increased by X% to X tons in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, frozen scallops, including queen scallop imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 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 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) represented the largest importer of frozen scallops, including queen scallop, committing X% of total imports. Hong Kong SAR (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%), Australia (X%), Singapore (X%) and Thailand (X%). Malaysia (X tons) held a little share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of frozen scallops, including queen scallop. At the same time, Thailand (X%), Taiwan (Chinese) (X%), Singapore (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) and Australia (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.), Singapore (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.), China (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen scallops, including queen scallop importing markets in Asia-Pacific were Hong Kong SAR ($X), Taiwan (Chinese) ($X) and Australia ($X), together accounting for X% of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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