The global scallop trade supply chain is shifting dramatically in 2025. US scallop prices are rising amid tight inventories, while China has lost its leading position due to heavy tariffs. Other key suppliers such as Japan and Peru face mixed challenges, creating a volatile and competitive scallop market.
1. US Scallop Market: Smaller Sizes, Strong Premiums for U10/U12
- Higher landings, smaller sizes – Domestic US scallop catch volumes have increased, but the majority are smaller-sized scallops.
- Large scallops scarce – Premium grades like U10 and U12 account for only 7% of total landings, creating supply pressure.
- Price trend – Large scallops are seeing weekly price increases of $0.10–$0.20 per pound, while overall wholesale scallop prices continue to firm.
- Q4 outlook – With inventories tight and demand strong, US scallop prices are expected to remain elevated through the end of 2025.
2. Global Supplier Performance: Diverging Trends
China: Tariffs Cut Export Share
- Chinese scallop exports to the US have dropped sharply due to tariffs as high as 55%.
- Once a core supplier, China has become only a marginal player in the US scallop market.
Japan: Higher Costs Reduce Competitiveness
- Despite preferential trade agreements, Japanese scallop export prices are up nearly 20% year-on-year.
- Reduced meat yields, rising production costs, and tariff pressure weaken Japan’s position as a reliable supplier.
Peru: Medium Sizes with Reliability Concerns
- Peruvian scallops are filling part of the gap in the medium-size segment, becoming a key alternative source.
- However, fluctuating availability and environmental factors raise uncertainty over long-term reliability.
Key Takeaways for Buyers & Importers
- Premium scallop sizes (U10/U12) are in short supply → expect continued high premiums.
- China’s role is shrinking due to tariffs, forcing US buyers to seek alternative suppliers.
- Japan faces cost pressure and may struggle to compete with other origins.
- Peru offers opportunity but with risk, particularly for medium-sized scallop buyers.
Overall outlook: The US scallop market will remain strong in Q4 2025, supported by tight inventories and shifting global supply chains. Importers should monitor supplier reliability and prepare for sustained high prices.
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