Price for Fish Meal; Fit for Human Consumption in Kenya - 2022

Contents:

  1. Price for Fish Meal; Fit for Human Consumption in Kenya (FOB) - 2022
  2. Price for Fish Meal; Fit for Human Consumption in Kenya (CIF) - 2022
  3. Exports of Fish Meal; Fit for Human Consumption in Kenya
  4. Imports of Fish Meal; Fit for Human Consumption in Kenya

Price for Fish Meal; Fit for Human Consumption in Kenya (FOB) - 2022

The average export price for fish meal; fit for human consumptia stood at $7,091 per ton in 2022, picking up by 48% against the previous year. Over the period under review, the export price, however, saw a mild downturn. The growth pace was the most rapid in 2018 an increase of 1,298%. The export price peaked at $8,017 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Uganda.

From 2013 to 2022, the rate of growth in terms of prices for the United States amounted to +391.7% per year.

Price for Fish Meal; Fit for Human Consumption in Kenya (CIF) - 2022

In 2022, the average import price for fish meal; fit for human consumptia amounted to $1,000 per ton, remaining constant against the previous year. Overall, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 a decrease of 99.9% against the previous year. The import price peaked at $6,917 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($1,000 per ton), while the price for Tanzania totaled $1,000 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (-19.0%).

Exports of Fish Meal; Fit for Human Consumption in Kenya

In 2022, overseas shipments of fish meal; fit for human consumptia were finally on the rise to reach 11 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a precipitous decrease.

In value terms, exports of fish meal; fit for human consumptia skyrocketed to $78 in 2022. Overall, exports, however, saw a precipitous decline.

Export of Fish Meal; Fit for Human Consumption in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Uganda0.10.1N/A0.10.0%
Hong Kong SAR5.8N/AN/AN/A0%
China0.6N/AN/AN/A0%
Vietnam0.7N/AN/AN/A0%
United States1.3N/AN/AN/A0%
OthersN/A0.1N/AN/A0%
Total8.50.1N/A0.1-77.3%

Top Export Markets for Fish Meal; Fit for Human Consumption from Kenya in 2022:

  1. Uganda (11.0 kg)

Imports of Fish Meal; Fit for Human Consumption in Kenya

In 2022, the amount of fish meal; fit for human consumptia imported into Kenya amounted to 2 kg, remaining relatively unchanged against 2021. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of fish meal; fit for human consumptia stood at $2 in 2022. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Import of Fish Meal; Fit for Human Consumption in Kenya (USD)
COUNTRY20212022CAGR,
2021-2022
United Arab Emirates1.01.00.0%
Tanzania1.01.00.0%
OthersN/AN/A0%
Total2.02.00.0%

Top Suppliers of Fish Meal; Fit for Human Consumption to Kenya in 2022:

  1. United Arab Emirates (1.0 kg)
  2. Tanzania (1.0 kg)

Source: IndexBox Market Intelligence Platform

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