Finland: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Finland

In 2022, the Finnish market for frozen scallops, including queen scallop increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. 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 Finland

In 2022, overseas shipments of frozen scallops, including queen scallop increased by X% to X kg, rising for the fifth year in a row after three years of decline. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, frozen scallops, including queen scallop exports surged to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

The Netherlands (X kg) was the main destination for frozen scallops, including queen scallop exports from Finland, with a X% share of total exports. Moreover, frozen scallops, including queen scallop exports to the Netherlands exceeded the volume sent to the second major destination, Denmark (X kg), fivefold.

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

In value terms, the Netherlands ($X) emerged as the key foreign market for frozen scallops, including queen scallop exports from Finland, comprising X% of total exports. The second position in the ranking was held by Denmark ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Estonia (X% per year).

Export Prices by Country

The average export price for frozen scallops, including queen scallop stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price, however, posted noticeable growth. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands (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 Finland

In 2022, overseas purchases of frozen scallops, including queen scallop increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, showed a perceptible decrease. Imports peaked at X tons in 2017; however, from 2018 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, total imports indicated a slight increase from 2012 to 2022: its value 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Denmark (X tons) and Sweden (X tons) were the main suppliers of frozen scallops, including queen scallop imports to Finland, with a combined X% share of total imports. France and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, the Netherlands ($X) constituted the largest supplier of frozen scallops, including queen scallop to Finland, comprising X% of total imports. The second position in the ranking was held by Denmark ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and France (X% per year).

Import Prices by Country

The average import price for frozen scallops, including queen scallop stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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