The global frozen scallops market in 2023 was led by Vietnam with imports valued at $15.01 million, experiencing a significant 19.15% growth from the previous year. Spain followed closely, maintaining its position at $14.222 million with no year-on-year variation. Malaysia saw a slight decline of 0.85%, while New Zealand increased by 3.85%. Bangladesh had an impressive 70.62% increase, although from a significantly lower base. Over the past five years, the average annual growth rate across countries showed varied performances, with notable expansions in market leaders like Vietnam and emerging markets such as Bangladesh.
Looking forward, the global frozen scallops industry is expected to continue its expansion, spurred by rising consumer interest in diverse cuisines and the increasing demand for premium seafood products. Key markets such as Vietnam and Spain are anticipated to sustain their leading positions, driven by robust supply chains and consumer bases. Watching emerging markets, particularly in Asia, could reveal new potential growth opportunities due to evolving dietary preferences and trade dynamics.
Top countries in Frozen Scallops (Including Queen Scallop) Imports by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Vietnam | 15,010,000 | 2023 | +5.49% | +19.15% | View data |
| 2 | 2 Spain | 14,222,000 | 2023 | +2.22% | View data | |
| 3 | 3 Malaysia | 11,095,000 | 2023 | +10.82% | -0.85% | View data |
| 4 | 4 New Zealand | 4,595,100 | 2023 | +2.25% | +3.85% | View data |
| 5 | 5 India | 439,910 | 2023 | +16.05% | View data | |
| 6 | 6 Israel | 334,550 | 2023 | -8.76% | View data | |
| 7 | 7 Argentina | 233,130 | 2023 | +3.71% | +1.17% | View data |
| 8 | 8 Estonia | 141,770 | 2023 | +12.27% | View data | |
| 9 | 9 Bangladesh | 118,920 | 2023 | +35.82% | +70.62% | View data |
| 10 | 10 Hungary | 21,660 | 2023 | -0.18% | -4.31% | View data |
