Report Update Apr 1, 2024

Kenya - Frozen Yellowfin Tuna - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Kenya

In 2020, the Kenyan frozen yellowfin tuna market increased by X% to $X for the first time since 2012, thus ending a seven-year declining trend. Overall, consumption, however, showed a deep contraction. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. from 2013 to 2020, the growth of the market remained at a lower figure.

Frozen Yellowfin Tuna Production in Kenya

In value terms, frozen yellowfin tuna production stood at $X in 2020 estimated in export prices. Overall, production showed a relatively flat trend pattern. Over the period under review, production reached the peak level in 2020 and is likely to see steady growth in the near future.

Frozen Yellowfin Tuna Exports

Exports from Kenya

In 2020, shipments abroad of frozen yellowfin tuna was finally on the rise to reach X tons for the first time since 2015, thus ending a four-year declining trend. Overall, exports showed a noticeable expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, frozen yellowfin tuna exports skyrocketed to $X in 2020. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for frozen yellowfin tuna exports from Kenya, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Spain stood at +X%.

In value terms, Spain ($X) also remains the key foreign market for frozen yellowfin tuna exports from Kenya.

From 2007 to 2020, the average annual rate of growth in terms of value to Spain amounted to +X%.

Export Prices by Country

The average frozen yellowfin tuna export price stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, export price indicated a modest increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen yellowfin tuna export price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Spain amounted to +X% per year.

Frozen Yellowfin Tuna Imports

Imports into Kenya

For the eighth consecutive year, Kenya recorded decline in overseas purchases of frozen yellowfin tuna, which decreased by -X% to X tons in 2020. Over the period under review, imports faced a drastic downturn. The pace of growth was the most pronounced in 2012 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons. from 2013 to 2020, the growth imports remained at a lower figure.

In value terms, frozen yellowfin tuna imports contracted markedly to $X in 2020. In general, imports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2012 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2013 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Spain (X tons), Vietnam (X tons) and France (X tons) were the main suppliers of frozen yellowfin tuna imports to Kenya, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Vietnam, while purchases for the other leaders experienced a decline.

In value terms, the largest frozen yellowfin tuna suppliers to Kenya were Spain ($X), Vietnam ($X) and France ($X), together comprising X% of total imports.

In terms of the main suppliers, Vietnam recorded 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

In 2020, the average frozen yellowfin tuna import price amounted to $X per ton, falling by -X% against the previous year. Overall, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Philippines ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines, while the prices for the other major suppliers experienced a decline.

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Frequently Asked Questions (FAQ) :

What are the largest markets for frozen yellowfin tuna in the world?

The countries with the highest volumes of frozen yellowfin tuna consumption in 2020 were Thailand, Taiwan Chinese) and Spain, with a combined 37% share of global consumption. These countries were followed by Papua New Guinea, Vietnam, Japan, Italy, Panama, Seychelles, France, Mauritius, China and Indonesia, which together accounted for a further 46%.

What are the largest producers of frozen yellowfin tuna in the world?

The countries with the highest volumes of frozen yellowfin tuna production in 2020 were Taiwan Chinese), Papua New Guinea and France, with a combined 41% share of global production.

What are the leading suppliers of frozen yellowfin tuna to Kenya?

In value terms, the largest frozen yellowfin tuna suppliers to Kenya were Spain, Vietnam and France, with a combined 94% share of total imports.

What are the leading importers of frozen yellowfin tuna from Kenya?

In value terms, Spain remains the key foreign market for frozen yellowfin tuna exports from Kenya.

What is the average export price for frozen yellowfin tuna in Kenya?

The average frozen yellowfin tuna export price stood at $2,395 per ton in 2020, dropping by -28.1% against the previous year.

What is the average import price for frozen yellowfin tuna in Kenya?

In 2020, the average frozen yellowfin tuna import price amounted to $1,383 per ton, reducing by -13.2% against the previous year.

This report provides an in-depth analysis of the frozen yellowfin tuna 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 2025.

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:

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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023