Price for Fish Meal; Fit for Human Consumption in Tanzania - 2022
Contents:
- Price for Fish Meal; Fit for Human Consumption in Tanzania (FOB) - 2022
- Exports of Fish Meal; Fit for Human Consumption in Tanzania
Price for Fish Meal; Fit for Human Consumption in Tanzania (FOB) - 2022
In 2022, the average export price for fish meal; fit for human consumptia amounted to $1,047 per ton, with a decrease of -8.1% against the previous year. Overall, the export price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 86% against the previous year. As a result, the export price attained the peak level of $1,140 per ton, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burundi ($5,709 per ton), while the average price for exports to Democratic Republic of the Congo ($399 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (+37.3%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Fish Meal; Fit for Human Consumption in Tanzania
In 2022, overseas shipments of fish meal; fit for human consumptia were finally on the rise to reach 15 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a sharp downturn.
In value terms, exports of fish meal; fit for human consumptia surged to $16K in 2022. Over the period under review, exports, however, saw a precipitous decrease.
| Export of Fish Meal; Fit for Human Consumption in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 47.5 | 20.8 | 3.1 | 13.0 | -35.1% |
| Burundi | 2.8 | 2.8 | 1.9 | 2.1 | -9.1% |
| Democratic Republic of the Congo | 2.3 | 1.6 | 0.8 | 0.6 | -36.1% |
| Others | 0.7 | 0.5 | 0.6 | 0.3 | -24.6% |
| Total | 53.4 | 25.7 | 6.4 | 16.1 | -32.9% |
Top Export Markets for Fish Meal; Fit for Human Consumption from Tanzania in 2022:
- Kenya (13.4 tons)
- Democratic Republic of the Congo (1.6 tons)
- Burundi (0.4 tons)
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