Kenya - Dried or Salted Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKenya: Market for Dried Or Salted Fish 2024
Market Size for Dried Or Salted Fish in Kenya
In 2021, the Kenyan dried or salted fish market decreased by -3.8% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020, and then dropped slightly in the following year.
Production of Dried Or Salted Fish in Kenya
In value terms, dried or salted fish production dropped to $X in 2021 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +49.3% against 2016 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 29% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank modestly in the following year.
Exports of Dried Or Salted Fish
Exports from Kenya
Dried or salted fish exports from Kenya skyrocketed to X tons in 2021, growing by 47% against the previous year's figure. Over the period under review, exports enjoyed a mild expansion. The pace of growth was the most pronounced in 2020 when exports increased by 119%. The exports peaked in 2021 and are likely to continue growth in years to come.
In value terms, dried or salted fish exports surged to $X in 2021. In general, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 79%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
Exports by Country
Democratic Republic of the Congo (X tons) was the main destination for dried or salted fish exports from Kenya, with a 92% share of total exports. Moreover, dried or salted fish exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), more than tenfold.
From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo totaled +5.3%.
In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for dried or salted fish exports from Kenya, comprising 62% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 25% share of total exports.
From 2012 to 2021, the average annual growth rate of value to Democratic Republic of the Congo stood at +7.5%.
Export Prices by Country
The average dried or salted fish export price stood at $X per ton in 2021, reducing by -8.9% against the previous year. In general, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 102% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Democratic Republic of the Congo totaled $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+2.1%).
Imports of Dried Or Salted Fish
Imports into Kenya
For the third consecutive year, Kenya recorded growth in supplies from abroad of dried or salted fish, which increased by 33% to X tons in 2021. In general, imports, however, showed a dramatic descent. The most prominent rate of growth was recorded in 2020 when imports increased by 129% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.
In value terms, dried or salted fish imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2017 when imports increased by 114%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Tanzania (X tons) was the main dried or salted fish supplier to Kenya, accounting for a approx. 99% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from Tanzania stood at -26.3%.
In value terms, Tanzania ($X) constituted the largest supplier of dried or salted fish to Kenya.
From 2012 to 2021, the average annual rate of growth in terms of value from Tanzania amounted to -35.0%.
Import Prices by Country
The average dried or salted fish import price stood at $X per ton in 2021, waning by -5.8% against the previous year. Overall, the import price showed a abrupt slump. The growth pace was the most rapid in 2018 an increase of 22%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Tanzania.
From 2012 to 2021, the rate of growth in terms of prices for Tanzania amounted to -11.8% per year.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for dried or salted fish 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 2030.
Product coverage:
- Prodcom 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
- Prodcom 10202300 -
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:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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