EU: Molluscs Market 2024

Molluscs Market Size in the EU

After two years of growth, the EU molluscs market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Molluscs Production in the EU

In value terms, molluscs production rose modestly to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Molluscs Exports

Exports in the EU

In 2023, shipments abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2022, and then dropped in the following year.

In value terms, molluscs exports stood at $X in 2023. Total exports indicated strong 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in the immediate term.

Exports by Country

Spain dominates exports structure, reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Portugal (X tons), the Netherlands (X tons) and France (X tons), together constituting a X% share of total exports. Belgium (X tons), Italy (X tons) and Greece (X tons) followed a long way behind the leaders.

Exports from Spain increased at an average annual rate of X% from 2012 to 2023. At the same time, the Netherlands (X%) and France (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. Portugal and Greece experienced a relatively flat trend pattern. By contrast, Italy (X%) and Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Spain and the Netherlands increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest molluscs supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Portugal ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

In Spain, molluscs exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Portugal (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2023: its price 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, molluscs export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 when the export price increased by X%. The level of export peaked in 2023 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Italy ($X per ton) and Belgium ($X per ton), while Greece ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Greece (X%), while the other leaders experienced more modest paces of growth.

Molluscs Imports

Imports in the EU

In 2023, overseas purchases of molluscs (scallops, mussels, cuttle fish, squid and octopus) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2022, and then contracted in the following year.

In value terms, molluscs imports dropped to $X in 2023. Total imports indicated a tangible increase 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

Spain was the largest importer of molluscs (scallops, mussels, cuttle fish, squid and octopus) in the European Union, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. Italy (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Portugal (X%) and France (X%). Greece (X tons), Germany (X tons) and Croatia (X tons) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Croatia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Portugal, Greece, Germany and Croatia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Croatia, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the import price in the European Union amounted to $X per ton, with a decrease of X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2023: its price 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, molluscs import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then shrank in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while Croatia ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Croatia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform