Kenya: Frozen Fish Market 2024

Frozen Fish Market Size in Kenya

The Kenyan frozen fish market shrank to $X in 2022, which is down by X% against the previous year. In general, consumption saw a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Frozen Fish Production in Kenya

In value terms, frozen fish production dropped slightly to $X in 2022 estimated in export price. In general, production faced a abrupt decrease. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Frozen Fish Exports

Exports from Kenya

In 2022, the amount of frozen fish exported from Kenya declined significantly to X tons, shrinking by X% against 2021. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, frozen fish exports declined to $X in 2022. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), Portugal (X tons) and Italy (X tons) were the main destinations of frozen fish exports from Kenya, together accounting for X% of total exports. Romania, Greece, France, the Netherlands, Israel, the United Arab Emirates and Rwanda lagged somewhat behind, together accounting for a further X%.

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 X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fish exported from Kenya were Spain ($X), Portugal ($X) and Romania ($X), together comprising X% of total exports.

Among the main countries of destination, Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average frozen fish export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price, however, saw a slight downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Italy ($X 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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Kenya

In 2022, frozen fish imports into Kenya contracted remarkably to X tons, waning by X% on 2021 figures. Over the period under review, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen fish imports dropped sharply to $X in 2022. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of frozen fish to Kenya, accounting for a X% share of total imports. Moreover, frozen fish imports from China exceeded the figures recorded by the second-largest supplier, Tanzania (X tons), sevenfold. The third position in this ranking was taken by Oman (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Oman (X% per year).

In value terms, China ($X) constituted the largest supplier of frozen fish to Kenya, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (X% per year) and Tanzania (X% per year).

Import Prices by Country

In 2022, the average frozen fish import price amounted to $X per ton, declining by X% against the previous year. In general, the import price recorded a perceptible reduction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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