Kenya: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Kenya

The Kenyan dried or smoked fish market was finally on the rise to reach $X in 2021, after four years of decline. Overall, consumption, however, saw a pronounced decline. The pace of growth was the most pronounced in 2016 with an increase of 8.4% against the previous year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Dried Or Smoked Fish in Kenya

In value terms, dried or smoked fish production stood at $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 18%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Dried Or Smoked Fish

Exports from Kenya

In 2021, the amount of dried or smoked fish exported from Kenya shrank notably to X tons, declining by -30.7% on 2020. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 687% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, dried or smoked fish exports fell to $X in 2021. Overall, exports showed a deep downturn. The pace of growth was the most pronounced in 2014 when exports increased by 1,728%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons), Hong Kong SAR (X tons) and Congo (X tons) were the main destinations of dried or smoked fish exports from Kenya, together accounting for 76% of total exports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of -0.9%), while shipments for the other leaders experienced a decline.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for dried or smoked fish exports from Kenya, comprising 67% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 17% share of total exports. It was followed by Uganda, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-15.5% per year) and Uganda (-10.5% per year).

Export Prices by Country

The average dried or smoked fish export price stood at $X per ton in 2021, increasing by 26% against the previous year. Overall, the export price saw a strong increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 132%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+92.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports into Kenya

Dried or smoked fish imports into Kenya skyrocketed to X tons in 2021, picking up by 76% against 2020 figures. Over the period under review, imports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 696%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, dried or smoked fish imports shrank slightly to $X in 2021. In general, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2019 when imports increased by 427% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Tanzania (X tons) constituted the largest supplier of dried or smoked fish to Kenya, accounting for a 84% share of total imports. Moreover, dried or smoked fish imports from Tanzania exceeded the figures recorded by the second-largest supplier, Uganda (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Tanzania stood at -6.4%.

In value terms, Uganda ($X) constituted the largest supplier of dried or smoked fish to Kenya, comprising 74% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Uganda totaled +37.1%.

Import Prices by Country

The average dried or smoked fish import price stood at $X per ton in 2021, with a decrease of -45.1% against the previous year. In general, the import price, however, posted resilient growth. The growth pace was the most rapid in 2018 an increase of 123% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Uganda ($X per ton), while the price for Tanzania stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uganda (+32.1%).

Source: IndexBox Platform

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