Ethiopia: Frozen Fish Market 2024

Frozen Fish Market Size in Ethiopia

The Ethiopian frozen fish market soared to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption saw buoyant growth. Frozen fish consumption peaked in 2022 and is likely to continue growth in years to come.

Frozen Fish Production in Ethiopia

In value terms, frozen fish production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Frozen Fish Exports

Exports from Ethiopia

In 2022, approx. X tons of frozen fish were exported from Ethiopia; with a decrease of X% against the previous year's figure. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, frozen fish exports surged to $X in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at 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).

In value terms, the Netherlands ($X) emerged as the key foreign market for frozen fish exports from Ethiopia, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to 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).

Export Prices by Country

The average frozen fish export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price enjoyed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Norway ($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 Netherlands (X%), while the prices for the other major destinations experienced a decline.

Frozen Fish Imports

Imports into Ethiopia

In 2022, the amount of frozen fish imported into Ethiopia soared to X tons, growing by X% against the previous year's figure. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, frozen fish imports soared to $X in 2022. Over the period under review, imports posted a strong 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 in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of frozen fish to Ethiopia, with a X% share of total imports. Moreover, frozen fish imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Vietnam (X% per year).

In value terms, the largest frozen fish suppliers to Ethiopia were Turkey ($X), Vietnam ($X) and Norway ($X), with a combined X% share of total imports.

Among the main suppliers, Turkey, with a CAGR of X%, saw 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

In 2022, the average frozen fish import price amounted to $X per ton, waning by X% against the previous year. In general, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. 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 Senegal (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform