Ethiopia: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Ethiopia

The Ethiopian frozen fish and seafood market was estimated at $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, recorded a measured expansion. Frozen fish and seafood consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Frozen Fish And Seafood in Ethiopia

In value terms, frozen fish and seafood production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Frozen fish and seafood production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Frozen Fish And Seafood

Exports from Ethiopia

In 2022, approx. X tons of frozen fish and seafood were exported from Ethiopia; with an increase of X% against the previous year. Over the period under review, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen fish and seafood exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for frozen fish and seafood exports from Ethiopia, accounting for a X% share of total exports. Moreover, frozen fish and seafood exports to the Netherlands exceeded the volume sent to the second major destination, Saudi Arabia (X kg), more than tenfold. Norway (X kg) ranked third in terms of total exports with a X% share.

From 2014 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Norway (X% per year).

It was followed by Saudi Arabia, with a X% share.

From 2014 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The average frozen fish and seafood export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a mild slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Norway ($X 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 Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Fish And Seafood

Imports into Ethiopia

In 2022, the amount of frozen fish and seafood imported into Ethiopia surged to X tons, growing by X% compared with the year before. Over the period under review, imports posted a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, frozen fish and seafood imports declined notably to $X in 2022. In general, imports recorded strong growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Vietnam (X tons) were the main suppliers of frozen fish and seafood imports to Ethiopia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Vietnam ($X) and Norway ($X) constituted the largest frozen fish and seafood suppliers to Ethiopia, together accounting for X% of total imports.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 2022, declining by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform