Switzerland: Market for Frozen Scallops, Including Queen Scallop 2023

Market Size for Frozen Scallops, Including Queen Scallop in Switzerland

In 2021, the Swiss market for frozen scallops, including queen scallop increased by 70% to $X, rising for the third consecutive year after two years of decline. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +81.1% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Switzerland

Frozen scallops, including queen scallop exports from Switzerland dropped rapidly to X kg in 2021, shrinking by -82.4% against 2020 figures. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 1,301%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, frozen scallops, including queen scallop exports reduced remarkably to $X in 2021. Over the period under review, exports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2014 when exports increased by 1,057%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Denmark (X kg) was the main destination for frozen scallops, including queen scallop exports from Switzerland, accounting for a 67% share of total exports. Moreover, frozen scallops, including queen scallop exports to Denmark exceeded the volume sent to the second major destination, Portugal (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Denmark amounted to -20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (0.0% per year) and the Netherlands (+45.1% per year).

In value terms, Denmark ($X) remains the key foreign market for frozen scallops, including queen scallop exports from Switzerland, comprising 68% of total exports. The second position in the ranking was taken by Portugal ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Denmark stood at -24.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (0.0% per year) and the Netherlands (+50.0% per year).

Export Prices by Country

The average export price for frozen scallops, including queen scallop stood at $X per ton in 2021, with a decrease of -2.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 62%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Switzerland

In 2021, imports of frozen scallops, including queen scallop into Switzerland surged to X tons, jumping by 36% on the previous year's figure. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, frozen scallops, including queen scallop imports surged to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.3% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of frozen scallops, including queen scallop to Switzerland, accounting for a 29% share of total imports. Moreover, frozen scallops, including queen scallop imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Portugal (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +48.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.6% per year) and Portugal (+1.7% per year).

In value terms, the United States ($X) constituted the largest supplier of frozen scallops, including queen scallop to Switzerland, comprising 39% of total imports. The second position in the ranking was taken by the UK ($X), with a 9.9% share of total imports. It was followed by the Netherlands, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +58.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-8.9% per year) and the Netherlands (+20.4% per year).

Import Prices by Country

In 2021, the average import price for frozen scallops, including queen scallop amounted to $X per ton, rising by 30% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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