In 2023, China dominated the global prepared or preserved scallops market with a significant share of exports, growing by 2.23%. Japan, although a major player, saw a decline of 13.15%, signifying potential competitive pressures or reduced production. Canada's exports increased by 4.99%, indicating a strengthening position, while Taiwan's exports rose sharply by 13.99%. Conversely, Indonesia experienced a stark decline of 30.59%. Lesser contributors like Austria and New Zealand showed growth, while Norway and Russia each saw reductions in export shares. The compound annual growth rate over the last five years highlights the volatility in this market segment.
Looking forward, global economic conditions and environmental factors could greatly impact the availability and price of scallops. Countries investing in sustainable aquaculture practices or technology-driven processing might capture more market share. Furthermore, expanding demand in emerging markets could offer new growth opportunities. It will be critical to watch shifts in consumer preferences and trade policies that may impact global distribution, especially in leading countries like China and Japan.
Top countries in Prepared or Preserved Scallops (Including Queen Scallops) Exports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 73.15 | 2023 | -0.53% | +2.23% | View data |
| 2 | 2 Japan | 25.2 | 2023 | -17% | -13.15% | View data |
| 3 | 3 Canada | 1.3 | 2023 | +2.13% | +4.99% | View data |
| 4 | 4 Malaysia | 0.41 | 2023 | +15.96% | +1.8% | View data |
| 5 | 5 Taiwan | 0.13 | 2023 | +6.34% | +13.99% | View data |
| 6 | 6 Indonesia | 0.056 | 2023 | -4.46% | -30.59% | View data |
| 7 | 7 Austria | 0.025 | 2023 | +37.19% | +14.9% | View data |
| 8 | 8 New Zealand | 0.006 | 2023 | +22.76% | +3.27% | View data |
| 9 | 9 Norway | 0.003 | 2023 | +7.31% | -13.28% | View data |
| 10 | 10 Ireland | 0.002 | 2021 | -47.62% | View data |
