Kenya - Frozen Lobster - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Lobster Price in Kenya - 2021
Contents:
- Frozen Lobster Price in Kenya (FOB) - 2022
- Frozen Lobster Price in Kenya (CIF) - 2022
- Frozen Lobster Exports in Kenya
- Frozen Lobster Imports in Kenya
Frozen Lobster Price in Kenya (FOB) - 2022
In 2022, the average frozen lobster export price amounted to $12,046 per ton, reducing by -3.1% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen lobster export price increased by +1.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices hit record highs at $15,023 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($16,947 per ton), while the average price for exports to Thailand ($1,278 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 France (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Lobster Price in Kenya (CIF) - 2022
In 2022, the average frozen lobster import price amounted to $15,852 per ton, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen lobster import price decreased by -24.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 56% against the previous year. As a result, import price attained the peak level of $21,101 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tanzania ($25,299 per ton), while the price for the United Arab Emirates ($638 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Lobster Exports in Kenya
In 2022, approx. 44 tons of frozen lobster were exported from Kenya; picking up by 74% against 2021 figures. Overall, exports showed a perceptible increase.
In value terms, frozen lobster exports soared to $532K in 2022. Over the period under review, exports, however, continue to indicate a pronounced decline.
| Export of Frozen Lobster in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 420 | 402 | 134 | 305 | -10.1% |
| Greece | 61.2 | 56.1 | 44.3 | 67.5 | 3.3% |
| Netherlands | 4.7 | 6.8 | 4.2 | 56.5 | 129.1% |
| Portugal | 26.8 | 38.4 | 24.0 | 43.7 | 17.7% |
| United Arab Emirates | 32.7 | 42.8 | 24.5 | 40.8 | 7.7% |
| France | 29.3 | 20.2 | 2.9 | 16.0 | -18.3% |
| Thailand | 1.9 | 2.1 | 0.9 | 1.6 | -5.6% |
| Spain | N/A | N/A | 40.6 | N/A | 0% |
| China | N/A | 1.1 | N/A | N/A | 0% |
| Malaysia | N/A | 54.6 | 38.2 | N/A | -30.0% |
| Maldives | N/A | 123 | N/A | N/A | 0% |
| Others | 5.5 | 1.0 | 2.4 | 0.3 | -62.1% |
| Total | 582 | 748 | 316 | 532 | -2.9% |
Top Export Markets for Frozen Lobster from Kenya in 2022:
- Italy (22.0 tons)
- Netherlands (8.1 tons)
- Portugal (4.8 tons)
- Greece (4.5 tons)
- United Arab Emirates (2.5 tons)
- Thailand (1.3 tons)
- France (0.9 tons)
Frozen Lobster Imports in Kenya
In 2022, frozen lobster imports into Kenya rose markedly to 600 kg, increasing by 5.3% against 2021. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 25%. As a result, imports attained the peak of 632 kg. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, frozen lobster imports expanded modestly to $9.5K in 2022. Overall, imports, however, recorded a pronounced slump.
| Import of Frozen Lobster in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 4.3 | 9.7 | 5.2 | 7.8 | 22.0% |
| Somalia | 0.1 | 0.1 | 0.9 | 1.7 | 157.1% |
| United Arab Emirates | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| France | 6.2 | N/A | 3.0 | N/A | -30.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.7 | 9.9 | 9.1 | 9.5 | -3.9% |
Top Suppliers of Frozen Lobster to Kenya in 2022:
- Tanzania (308.0 kg)
- Somalia (198.0 kg)
- United Arab Emirates (94.0 kg)
This report provides an in-depth analysis of the frozen lobster market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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