Peru: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Peru

After five years of decline, the Peruvian market for frozen scallops, including queen scallop increased by X% to $X in 2022. In general, consumption, however, saw a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Scallops, Including Queen Scallop in Peru

In value terms, frozen scallops, including queen scallop production shrank modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. Frozen scallops, including queen scallop production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Exports of Frozen Scallops, Including Queen Scallop

Exports from Peru

After four years of growth, overseas shipments of frozen scallops, including queen scallop decreased by X% to X tons in 2022. In general, exports, however, enjoyed modest growth. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop exports fell remarkably to $X in 2022. Overall, exports, however, continue to indicate a perceptible expansion. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for frozen scallops, including queen scallop exports from Peru, accounting for a X% share of total exports. Moreover, frozen scallops, including queen scallop exports to Spain exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a X% share.

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

In value terms, Spain ($X), France ($X) and the United States ($X) were the largest markets for frozen scallops, including queen scallop exported from Peru worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of X%, saw the highest growth rate of 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

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. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Chile ($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 Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Peru

In 2022, overseas purchases of frozen scallops, including queen scallop decreased by X% to X kg for the first time since 2017, thus ending a four-year declining trend. Overall, imports continue to indicate a significant decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen scallops, including queen scallop imports contracted sharply to $X in 2022. Over the period under review, imports faced a sharp reduction. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X kg) was the main supplier of frozen scallops, including queen scallop to Peru, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the UK was relatively modest.

In value terms, the UK ($X) constituted the largest supplier of frozen scallops, including queen scallop to Peru.

From 2012 to 2022, the average annual growth rate of value from the UK was relatively modest.

Import Prices by Country

In 2022, the average import price for frozen scallops, including queen scallop amounted to $X per ton, with an increase of X% against the previous year. In general, the import price recorded significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to X% per year.

Source: IndexBox Platform

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