Kenya: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Kenya

The Kenyan market for fish fillets and other fish meat reached $X in 2022, surging by 8.3% against the previous year. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.3% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Fish Fillets and Other Fish Meat in Kenya

In value terms, production of fish fillets and other fish meat expanded significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 24%. Over the period under review, production of reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Fish Fillets and Other Fish Meat

Exports from Kenya

After two years of decline, overseas shipments of fish fillets and other fish meat increased by 5.1% to X tons in 2022. In general, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by 44%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of fish fillets and other fish meat reduced to $X in 2022. Over the period under review, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons), the Netherlands (X tons) and Italy (X tons) were the main destinations of exports of fish fillets and other fish meat from Kenya, together comprising 49% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +46.3%), while the other leaders experienced mixed trend patterns.

In value terms, Romania ($X), the Netherlands ($X) and Italy ($X) constituted the largest markets for fish fillets and other fish meat exported from Kenya worldwide, with a combined 50% share of total exports.

In terms of the main countries of destination, Romania, with a CAGR of +54.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for fish fillets and other fish meat stood at $X per ton in 2022, waning by -12.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 32%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Israel ($X per ton) and Australia ($X per ton), while the average price for exports to Germany ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into Kenya

In 2022, purchases abroad of fish fillets and other fish meat was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2019 with an increase of 123% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of fish fillets and other fish meat rose notably to $X in 2022. Overall, imports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2019 with an increase of 32%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Tanzania (X tons) constituted the largest fish fillets and other fish meat supplier to Kenya, with a 82% share of total imports. Moreover, imports of fish fillets and other fish meat from Tanzania exceeded the figures recorded by the second-largest supplier, Norway (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from Tanzania amounted to -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+25.3% per year) and China (-8.5% per year).

In value terms, the largest fish fillets and other fish meat suppliers to Kenya were Norway ($X), Tanzania ($X) and China ($X), together accounting for 89% of total imports.

In terms of the main suppliers, Norway, with a CAGR of +24.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for fish fillets and other fish meat stood at $X per ton in 2022, shrinking by -34% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish fillets and other fish meat increased by +49.9% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 109%. As a result, import price reached the peak level of $X per ton, and then dropped markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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