Kenya: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in Kenya

In 2022, the Kenyan frozen fish fillet market decreased by -49.2% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a deep reduction. Frozen fish fillet consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Frozen Fish Fillet Production in Kenya

In value terms, frozen fish fillet production stood at $X in 2022 estimated in export price. In general, production faced a deep reduction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 34%. Frozen fish fillet production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Frozen Fish Fillet Exports

Exports from Kenya

In 2022, overseas shipments of frozen fish fillet increased by 135% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 273% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, frozen fish fillet exports surged to $X in 2022. In general, exports, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 453% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for frozen fish fillet exports from Kenya, with a 36% share of total exports. Moreover, frozen fish fillet exports to Romania exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at +56.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+32.5% per year) and Spain (+8.0% per year).

In value terms, Romania ($X) remains the key foreign market for frozen fish fillet exports from Kenya, comprising 38% of total exports. The second position in the ranking was held by Italy ($X), with a 9.5% share of total exports. It was followed by Spain, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to +64.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+34.6% per year) and Spain (+8.9% per year).

Export Prices by Country

The average frozen fish fillet export price stood at $X per ton in 2022, dropping by -2.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 48%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and Israel ($X per ton), while the average price for exports to Spain ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports into Kenya

For the third consecutive year, Kenya recorded decline in purchases abroad of frozen fish fillet, which decreased by -55.4% to X tons in 2022. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 85%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen fish fillet imports fell significantly to $X in 2022. Overall, imports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2013 when imports increased by 71% against the previous year. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, Tanzania (X tons) constituted the largest frozen fish fillet supplier to Kenya, accounting for a 89% share of total imports. Moreover, frozen fish fillet imports from Tanzania exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Tanzania amounted to -6.2%.

In value terms, Tanzania ($X) constituted the largest supplier of frozen fish fillet to Kenya, comprising 59% of total imports. The second position in the ranking was held by China ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Tanzania totaled +1.2%.

Import Prices by Country

The average frozen fish fillet import price stood at $X per ton in 2022, which is down by -32.8% against the previous year. Overall, the import price, however, continues to indicate moderate growth. The most prominent rate of growth was recorded in 2013 an increase of 138%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Tanzania totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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