IndexBox has just published a new report: ‘EU – Molluscs (Scallops, Mussels, Cuttle Fish, Squid And Octopus) – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The revenue of the molluscs market in the European Union amounted to $4.6B in 2018, growing by 2.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

Consumption By Country in the EU

The countries with the highest volumes of molluscs consumption in 2018 were Spain (174K tonnes), Italy (148K tonnes) and Germany (136K tonnes), together comprising 53% of total consumption. The UK, Poland, Portugal, Greece, Romania, Belgium, the Czech Republic, Sweden and Hungary lagged somewhat behind, together accounting for a further 38%.

From 2007 to 2018, the most notable rate of growth in terms of molluscs consumption, amongst the main consuming countries, was attained by Portugal, while molluscs consumption for the other leaders experienced mixed trends in the consumption figures.

In value terms, the largest molluscs markets in the European Union were Spain ($996M), Germany ($901M) and Italy ($878M), with a combined 61% share of the total market. Poland, Portugal, Romania, Belgium, the Czech Republic, Sweden, Hungary, Greece and the UK lagged somewhat behind, together accounting for a further 29%.

The countries with the highest levels of molluscs per capita consumption in 2018 were Portugal (4,386 kg per 1000 persons), Spain (3,727 kg per 1000 persons) and Italy (2,479 kg per 1000 persons).

Production in the EU

In 2018, the amount of molluscs (scallops, mussels, cuttle fish, squid and octopus) produced in the European Union stood at 588K tonnes, remaining stable against the previous year. In general, molluscs production continues to indicate a mild shrinkage.

Production By Country in the EU

The countries with the highest volumes of molluscs production in 2018 were Germany (131K tonnes), the UK (128K tonnes) and Spain (115K tonnes), with a combined 64% share of total production. These countries were followed by Poland, Romania, Belgium, the Czech Republic, Hungary, Sweden, Austria, Slovakia and Portugal, which together accounted for a further 29%.

From 2007 to 2018, the most notable rate of growth in terms of molluscs production, amongst the main producing countries, was attained by Portugal, while molluscs production for the other leaders experienced mixed trends in the production figures.

Exports in the EU

In 2018, exports of molluscs (scallops, mussels, cuttle fish, squid and octopus) in the European Union amounted to 162K tonnes, remaining relatively unchanged against the previous year. Overall, molluscs exports continue to indicate a relatively flat trend pattern. The volume of exports peaked at 180K tonnes in 2011; however, from 2012 to 2018, exports remained at a lower figure. In value terms, molluscs exports amounted to $1.1B (IndexBox estimates) in 2018.

Exports by Country

Spain dominates molluscs exports structure, recording 100K tonnes, which was near 62% of total exports in 2018. Portugal (10,117 tonnes) took the second position in the ranking, followed by the Netherlands (10,007 tonnes), the UK (9,837 tonnes) and Italy (7,423 tonnes). All these countries together occupied approx. 23% share of total exports. Belgium (6,244 tonnes) and France (4,941 tonnes) followed a long way behind the leaders.

Spain experienced a relatively flat trend pattern with regard to volume of exports of molluscs (scallops, mussels, cuttle fish, squid and octopus) exports. At the same time, Portugal (+7.8%) and the Netherlands (+7.7%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +7.8% from 2007-2018. Italy experienced a relatively flat trend pattern. By contrast, Belgium (-4.0%), the UK (-4.9%) and France (-10.0%) illustrated a downward trend over the same period.

In value terms, Spain ($630M) remains the largest molluscs supplier in the European Union, comprising 57% of total molluscs exports. The second position in the ranking was occupied by the UK ($94M), with a 8.5% share of total exports. It was followed by Belgium, with a 6.4% share.

Export Prices by Country

The molluscs export price in the European Union stood at $6,816 per tonne in 2018, rising by 2.9% against the previous year. Over the last eleven years, it increased at an average annual rate of +3.5%.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Belgium ($11,342 per tonne), while the Netherlands ($4,729 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, approx. 445K tonnes of molluscs (scallops, mussels, cuttle fish, squid and octopus) were imported in the European Union; standing approx. at the previous year. In value terms, molluscs imports totaled $2.7B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +2.2% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

Imports by Country

In 2018, Spain (160K tonnes) and Italy (149K tonnes) were the main importers of molluscs (scallops, mussels, cuttle fish, squid and octopus) in the European Union, together reaching near 70% of total imports. Portugal (45K tonnes) held a 10% share (based on tonnes) of total imports, which put it in second place, followed by Greece (4.9%). France (14K tonnes), the Netherlands (9.1K tonnes) and Croatia (8.4K tonnes) occupied a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands, while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($967M), Italy ($920M) and Portugal ($236M) were the countries with the highest levels of imports in 2018, with a combined 78% share of total imports. These countries were followed by Greece, France, the Netherlands and Croatia, which together accounted for a further 11%.

Import Prices by Country

In 2018, the import price for molluscs in the European Union amounted to $6,121 per tonne, increasing by 3.7% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +3.3%.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($7,013 per tonne), while Croatia ($4,110 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform