Tanzania: Market for Frozen Fish and Seafood 2024

Market Size for Frozen Fish and Seafood in Tanzania

The Tanzanian frozen fish and seafood market expanded sharply to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Frozen Fish and Seafood in Tanzania

In value terms, frozen fish and seafood production rose to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Frozen Fish and Seafood

Exports from Tanzania

In 2023, approx. X tons of frozen fish and seafood were exported from Tanzania; waning by X% against 2022. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, frozen fish and seafood exports contracted to $X in 2023. Over the period under review, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Israel (X tons) and Portugal (X tons) were the main destinations of frozen fish and seafood exports from Tanzania, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fish and seafood exported from Tanzania were Portugal ($X), Israel ($X) and Spain ($X), together accounting for X% of total exports. The United Arab Emirates, the Netherlands, Romania, Saudi Arabia, Greece, Italy, Turkey, Japan, Kenya and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Turkey, with a CAGR of X%, recorded the highest growth rate of 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

The average frozen fish and seafood export price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Kenya ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish and Seafood

Imports into Tanzania

Frozen fish and seafood imports into Tanzania soared to X tons in 2023, growing by X% compared with the previous year. Over the period under review, imports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen fish and seafood imports expanded rapidly to $X in 2023. In general, imports saw a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Norway (X tons) and Oman (X tons) were the main suppliers of frozen fish and seafood imports to Tanzania.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the United Arab Emirates ($X) and Oman ($X) constituted the largest frozen fish and seafood suppliers to Tanzania, with a combined X% share of total imports.

Among the main suppliers, Norway, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen fish and seafood import price stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, frozen fish and seafood import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2022, and then shrank in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform