MERCOSUR: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in MERCOSUR

The MERCOSUR market for frozen scallops, including queen scallop declined notably to $X in 2022, reducing by X% against the previous year. Overall, consumption continues to indicate a abrupt decline. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Frozen Scallops, Including Queen Scallop in MERCOSUR

In value terms, frozen scallops, including queen scallop production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced setback. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports in MERCOSUR

For the fourth consecutive year, MERCOSUR recorded growth in shipments abroad of frozen scallops, including queen scallop, which increased by X% to X tons in 2022. Overall, exports posted prominent growth. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, frozen scallops, including queen scallop exports expanded markedly to $X in 2022. Total exports indicated prominent growth 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Argentina was the major exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Peru (X tons), committing a X% share of total exports. Chile (X tons) followed a long way behind the leaders.

Argentina was also the fastest-growing in terms of the frozen scallops, including queen scallop exports, with a CAGR of X% from 2012 to 2022. At the same time, Peru (X%) and Chile (X%) displayed positive paces of growth. From 2012 to 2022, the share of Argentina increased by X percentage points.

In value terms, the largest frozen scallops, including queen scallop supplying countries in MERCOSUR were Argentina ($X), Peru ($X) and Chile ($X), together accounting for X% of total exports.

Argentina, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries 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 MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the export price figures.

Imports of Frozen Scallops, Including Queen Scallop

Imports in MERCOSUR

In 2022, purchases abroad 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. Overall, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, frozen scallops, including queen scallop imports rose slightly to $X in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Chile was the major importer of frozen scallops, including queen scallop in MERCOSUR, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Brazil (X tons), making up a X% share of total imports.

Chile was also the fastest-growing in terms of the frozen scallops, including queen scallop imports, with a CAGR of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. While the share of Chile (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics.

In value terms, the largest frozen scallops, including queen scallop importing markets in MERCOSUR were Chile ($X) and Brazil ($X).

Chile, 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.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Chile stood at $X per ton.

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

Source: IndexBox Platform

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