Report Update Nov 1, 2024

Kenya - Flours, Meals and Pellets of Fish - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Kenya

The Kenyan fish meals and pellet market fell modestly to $X in 2021, reducing by -2.6% against the previous year. Overall, consumption continues to indicate a mild expansion. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Fish in Kenya

In value terms, fish meals and pellet production declined remarkably to $X in 2021 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +9.1% 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 +38.4% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 49% against the previous year. Fish meals and pellet production peaked at $X in 2020, and then contracted markedly in the following year.

Exports of Flours, Meals And Pellets Of Fish

Exports from Kenya

In 2021, shipments abroad of flours, meals and pellets of fish decreased by -17.7% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 188% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, fish meals and pellet exports declined notably to $X in 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 445%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for fish meals and pellet exports from Kenya, accounting for a 75% share of total exports. Moreover, fish meals and pellet exports to Hong Kong SAR exceeded the volume sent to the second major destination, China (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR amounted to +57.0%.

In value terms, Hong Kong SAR ($X) remains the key foreign market for flours, meals and pellets of fish exports from Kenya, comprising 83% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +66.6%.

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2021, reducing by -31% against the previous year. In general, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 206%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then dropped remarkably in the following year.

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 China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+6.2%).

Imports of Flours, Meals And Pellets Of Fish

Imports into Kenya

In 2021, the amount of flours, meals and pellets of fish imported into Kenya rose rapidly to X tons, increasing by 8.5% against 2020. In general, imports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of 383% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, fish meals and pellet imports dropped slightly to $X in 2021. Over the period under review, imports, however, showed a significant contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 318%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Tanzania (X tons) was the main supplier of fish meals and pellet to Kenya, with a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Tanzania totaled +5.8%.

In value terms, Tanzania ($X) constituted the largest supplier of flours, meals and pellets of fish to Kenya.

From 2012 to 2021, the average annual rate of growth in terms of value from Tanzania totaled +6.6%.

Import Prices by Country

In 2021, the average fish meals and pellet import price amounted to $X per ton, shrinking by -8% against the previous year. Over the period under review, the import price continues to indicate a perceptible descent. The growth pace was the most rapid in 2018 an increase of 93%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a 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 +0.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for flours, meals and pellets of fish in the world?

China constituted the country with the largest volume of fish meals and pellet consumption, comprising approx. 17% of total volume. Moreover, fish meals and pellet consumption in China exceeded the figures recorded by the second-largest consumer, Pakistan, threefold. The third position in this ranking was occupied by the United States, with a 5.9% share.

What are the largest producers of flours, meals and pellets of fish in the world?

The country with the largest volume of fish meals and pellet production was China, accounting for 20% of total volume. Moreover, fish meals and pellet production in China exceeded the figures recorded by the second-largest producer, Pakistan, threefold. The third position in this ranking was occupied by the United States, with a 6.8% share.

What are the leading suppliers of flours, meals and pellets of fish to Kenya?

In value terms, Sri Lanka $20) constituted the largest supplier of fish meals and pellet to Kenya.

What are the leading importers of flours, meals and pellets of fish from Kenya?

In value terms, Hong Kong SAR remains the key foreign market for fish meals and pellet exports from Kenya.

What is the average export price for flours, meals and pellets of fish in Kenya?

In 2020, the average fish meals and pellet export price amounted to $4,036 per ton, declining by -73.8% against the previous year.

What is the average import price for flours, meals and pellets of fish in Kenya?

The average fish meals and pellet import price stood at $2,000 per ton in 2020, reducing by -87% against the previous year.

This report provides an in-depth analysis of the market for fish meals and pellet 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 10202200 - Flours, meals and pellets of fish, fit for human consumption, f ish livers and roes, dried, smoked, salted or in brine

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023