Finland: Market for Frozen Scallops, Including Queen Scallop 2023

Market Size for Frozen Scallops, Including Queen Scallop in Finland

In 2021, the Finnish market for frozen scallops, including queen scallop increased by 27% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Finland

After three years of decline, shipments abroad of frozen scallops, including queen scallop decreased by 0% to X kg in 2021. In general, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 88%. Over the period under review, the exports reached the peak figure at X kg in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, frozen scallops, including queen scallop exports stood at $X in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 158% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X kg) was the main destination for frozen scallops, including queen scallop exports from Finland, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Sweden was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden was relatively modest.

Export Prices by Country

In 2021, the average export price for frozen scallops, including queen scallop amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price faced a abrupt shrinkage. The growth pace was the most rapid in 2016 an increase of 171%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2021, the rate of growth in terms of prices for Estonia amounted to +83.3% per year.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Finland

In 2021, after two years of decline, there was significant growth in overseas purchases of frozen scallops, including queen scallop, when their volume increased by 19% to X tons. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 93%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop imports skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 101%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Denmark (X tons), the Netherlands (X tons) and Sweden (X tons) were the main suppliers of frozen scallops, including queen scallop imports to Finland, together accounting for 78% of total imports. These countries were followed by Germany, France, Estonia and Belgium, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +107.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the Netherlands ($X) and Sweden ($X) appeared to be the largest frozen scallops, including queen scallop suppliers to Finland, together comprising 79% of total imports. These countries were followed by Germany, France, Estonia and Belgium, which together accounted for a further 21%.

Germany, with a CAGR of +83.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for frozen scallops, including queen scallop stood at $X per ton in 2021, with an increase of 13% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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