Southern Asia: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Southern Asia

The South Asian market for frozen scallops, including queen scallop fell modestly to $X in 2023, dropping by X% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Production of Frozen Scallops, Including Queen Scallop in Southern Asia

In value terms, frozen scallops, including queen scallop production reduced to $X in 2023 estimated in export price. The total production indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports in Southern Asia

In 2023, overseas shipments of frozen scallops, including queen scallop decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, frozen scallops, including queen scallop exports declined dramatically to $X in 2023. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from India (X tons) and Pakistan (X tons), together accounting for X% of total export.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Pakistan (with a CAGR of X%).

In value terms, India ($X) remains the largest frozen scallops, including queen scallop supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, posted a moderate increase. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Imports of Frozen Scallops, Including Queen Scallop

Imports in Southern Asia

In 2023, approx. X tons of frozen scallops, including queen scallop were imported in Southern Asia; falling by X% against the year before. Overall, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then shrank in the following year.

In value terms, frozen scallops, including queen scallop imports fell to $X in 2023. In general, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

Maldives was the largest importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by India (X tons), achieving a X% share of total imports. Bangladesh (X tons) held a little share of total imports.

Imports into Maldives increased at an average annual rate of X% from 2012 to 2023. At the same time, Bangladesh (X%) and India (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Maldives, India and Bangladesh increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen scallops, including queen scallop importing markets in Southern Asia were Maldives ($X), India ($X) and Bangladesh ($X), with a combined X% share of total imports.

In terms of the main importing countries, Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform