U.S.: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in the U.S.

In 2022, the U.S. market for frozen scallops, including queen scallop increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, enjoyed prominent growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Exports of Frozen Scallops, Including Queen Scallop

Exports from the U.S.

In 2022, shipments abroad of frozen scallops, including queen scallop increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, exports, however, saw a deep slump. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, frozen scallops, including queen scallop exports rose remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for frozen scallops, including queen scallop exported from the United States were France ($X), Canada ($X) and the Netherlands ($X), together comprising X% of total exports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for frozen scallops, including queen scallop stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Frozen Scallops, Including Queen Scallop

Imports into the U.S.

Frozen scallops, including queen scallop imports into the United States dropped to X tons in 2022, standing approx. at the previous year. In general, total imports indicated a measured increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, frozen scallops, including queen scallop imports surged to $X in 2022. Over the period under review, imports, however, enjoyed a temperate increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), China (X tons) and Argentina (X tons) were the main suppliers of frozen scallops, including queen scallop imports to the United States, with a combined X% share of total imports. Canada, the Philippines, Mexico and Peru lagged somewhat behind, together comprising a further X%.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and China (X% per year).

Import Prices by Country

The average import price for frozen scallops, including queen scallop stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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