Kenya: Frozen Fish Meat Market 2024

Frozen Fish Meat Market Size in Kenya

In 2021, the Kenyan frozen fish meat market decreased by -16.2% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption continues to indicate a dramatic contraction. Frozen fish meat consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Frozen Fish Meat Production in Kenya

In value terms, frozen fish meat production totaled less than $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with a decrease of 99.9% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Frozen Fish Meat Exports

Exports from Kenya

In 2021, overseas shipments of frozen fish meat were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 122%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, frozen fish meat exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a dramatic decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 125%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X tons), France (X tons) and Rwanda (X tons) were the main destinations of frozen fish meat exports from Kenya, together comprising 55% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Rwanda (with a CAGR of +69.2%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the key foreign market for frozen fish meat exports from Kenya, comprising 75% of total exports. The second position in the ranking was held by Tanzania ($X), with a 5% share of total exports. It was followed by France, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR totaled -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-1.1% per year) and France (-14.2% per year).

Export Prices by Country

In 2021, the average frozen fish meat export price amounted to $X per ton, growing by 1.8% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The pace of growth was the most pronounced in 2017 an increase of 61%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Uganda ($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 Hong Kong SAR (+26.4%), while the prices for the other major destinations experienced a decline.

Frozen Fish Meat Imports

Imports into Kenya

In 2021, frozen fish meat imports into Kenya shrank sharply to X tons, falling by -71.1% against the previous year. Over the period under review, imports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 2,576%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, frozen fish meat imports reduced markedly to $X in 2021. In general, imports showed a dramatic slump. The most prominent rate of growth was recorded in 2019 with an increase of 2,725%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Tanzania (X tons) was the main frozen fish meat supplier to Kenya, with a 95% share of total imports. It was followed by Uganda (X kg), with a 2.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Tanzania stood at -33.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (-38.9% per year) and China (-61.7% per year).

In value terms, Tanzania ($X) constituted the largest supplier of frozen fish meat to Kenya, comprising 68% of total imports. The second position in the ranking was taken by Uganda ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Tanzania amounted to -32.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (-16.0% per year) and China (-53.4% per year).

Import Prices by Country

In 2021, the average frozen fish meat import price amounted to $X per ton, surging by 2.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 26% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uganda (+37.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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