Chile: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Chile

The Chilean market for frozen scallops, including queen scallop reached $X in 2022, with an increase of X% against the previous year. In general, consumption saw a resilient increase. Frozen scallops, including queen scallop consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Frozen Scallops, Including Queen Scallop in Chile

In value terms, frozen scallops, including queen scallop production reduced to $X in 2022 estimated in export price. In general, production, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Frozen scallops, including queen scallop production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Chile

Frozen scallops, including queen scallop exports from Chile plummeted to X tons in 2022, waning by X% against 2021 figures. Over the period under review, exports, however, recorded mild growth. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, frozen scallops, including queen scallop exports rose significantly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for frozen scallops, including queen scallop exports from Chile, with a X% share of total exports. Moreover, frozen scallops, including queen scallop exports to Spain exceeded the volume sent to the second major destination, Portugal (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and the United States (X% per year).

In value terms, Spain ($X) remains the key foreign market for frozen scallops, including queen scallop exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Portugal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average export price for frozen scallops, including queen scallop amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($X 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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Chile

In 2022, overseas purchases of frozen scallops, including queen scallop decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, frozen scallops, including queen scallop imports expanded rapidly to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons) and Peru (X tons) were the main suppliers of frozen scallops, including queen scallop imports to Chile.

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

In value terms, Peru ($X) and China ($X) appeared to be the largest frozen scallops, including queen scallop suppliers to Chile.

Peru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average import price for frozen scallops, including queen scallop stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for China totaled $X per ton.

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

Source: IndexBox Platform

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