Turkey: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Turkey

The Turkish market for frozen scallops, including queen scallop dropped rapidly to $X in 2022, declining by X% against the previous year. Overall, consumption recorded a pronounced curtailment. Frozen scallops, including queen scallop consumption peaked at $X in 2021, and then reduced notably in the following year.

Production of Frozen Scallops, Including Queen Scallop in Turkey

In value terms, frozen scallops, including queen scallop production stood at $X in 2022 estimated in export price. Over the period under review, production faced a dramatic contraction. The pace of growth appeared the most rapid in 2016 with an increase of X,600% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Frozen Scallops, Including Queen Scallop

Exports from Turkey

In 2022, approx. X kg of frozen scallops, including queen scallop were exported from Turkey; which is down by X% against the year before. In general, exports recorded a dramatic shrinkage. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, frozen scallops, including queen scallop exports declined remarkably to $X in 2022. Over the period under review, exports faced a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X kg), Cyprus (X kg) and Panama (X kg) were the main destinations of frozen scallops, including queen scallop exports from Turkey, together accounting for X% of total exports.

From 2015 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for frozen scallops, including queen scallop exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Panama ($X), with a X% share of total exports. It was followed by Sierra Leone, with a X% share.

From 2015 to 2022, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Sierra Leone (X% per year).

Export Prices by Country

The average export price for frozen scallops, including queen scallop stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Scallops, Including Queen Scallop

Imports into Turkey

Frozen scallops, including queen scallop imports into Turkey reduced rapidly to X tons in 2022, falling by X% compared with 2021. In general, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, frozen scallops, including queen scallop imports reduced dramatically to $X in 2022. Overall, imports, however, posted slight growth. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of frozen scallops, including queen scallop to Turkey, accounting for a X% share of total imports. Moreover, frozen scallops, including queen scallop imports from the United States exceeded the figures recorded by the second-largest supplier, Norway (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Canada (X% per year).

In value terms, the United States ($X) constituted the largest supplier of frozen scallops, including queen scallop to Turkey, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Canada (X% per year).

Import Prices by Country

In 2022, the average import price for frozen scallops, including queen scallop amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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