Europe: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Europe

The Europe market for frozen scallops, including queen scallop contracted significantly to $X in 2023, declining by X% against the previous year. In general, consumption showed a pronounced decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Production of Frozen Scallops, Including Queen Scallop in Europe

In value terms, frozen scallops, including queen scallop production totaled $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports in Europe

In 2023, after four years of growth, there was significant decline in shipments abroad of frozen scallops, including queen scallop, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then fell in the following year.

In value terms, frozen scallops, including queen scallop exports reduced slightly to $X in 2023. Total exports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then shrank slightly in the following year.

Exports by Country

In 2023, France (X tons), distantly followed by the UK (X tons), Russia (X tons), the Netherlands (X tons), Denmark (X tons) and Belgium (X tons) represented the key exporters of frozen scallops, including queen scallop, together committing X% of total exports. The following exporters - Sweden (X tons) and Italy (X tons) - each resulted at a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Belgium, Denmark, Sweden, Russia and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports in Europe

In 2023, after two years of growth, there was significant decline in overseas purchases of frozen scallops, including queen scallop, when their volume decreased by X% to X tons. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, frozen scallops, including queen scallop imports reduced sharply to $X in 2023. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2023, Spain (X tons) and France (X tons) represented the largest importers of frozen scallops, including queen scallop in Europe, together finishing at approx. X% of total imports. It was distantly followed by Denmark (X tons), Italy (X tons), the Netherlands (X tons) and Belgium (X tons), together creating a X% share of total imports. The UK (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen scallops, including queen scallop importing markets in Europe were France ($X), Spain ($X) and the Netherlands ($X), together accounting for X% of total imports.

Among the main importing countries, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform