SADC: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in SADC

In 2022, the SADC market for frozen scallops, including queen scallop increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption posted a pronounced increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Frozen Scallops, Including Queen Scallop in SADC

In value terms, frozen scallops, including queen scallop production rose modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports in SADC

In 2022, overseas shipments of frozen scallops, including queen scallop decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen scallops, including queen scallop exports dropped markedly to $X in 2022. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa (X tons) and Madagascar (X tons) represented roughly X% of total exports in 2022. Tanzania (X kg) took the next position in the ranking, distantly followed by Namibia (X kg). All these countries together held approx. X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Madagascar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen scallops, including queen scallop supplying countries in SADC were South Africa ($X), Tanzania ($X) and Madagascar ($X), with a combined X% share of total exports. These countries were followed by Namibia, which accounted for a further X%.

Among the main exporting countries, Namibia, with a CAGR of X%, recorded 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 export price in SADC amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

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

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

Imports of Frozen Scallops, Including Queen Scallop

Imports in SADC

In 2022, overseas purchases of frozen scallops, including queen scallop increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a moderate increase. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, frozen scallops, including queen scallop imports skyrocketed to $X in 2022. Overall, imports continue to indicate pronounced growth. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

South Africa (X tons) and Mauritius (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Seychelles (X tons), achieving a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mauritius (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, South Africa ($X), Seychelles ($X) and Mauritius ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Seychelles, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, reducing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Seychelles ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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