Kenya: Preserved Sardines Market 2024

Preserved Sardines Market Size in Kenya

The Kenyan preserved sardines market contracted modestly to $X in 2022, falling by -2.2% against the previous year. Overall, consumption showed a noticeable contraction. Preserved sardines consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Preserved Sardines Production in Kenya

In value terms, preserved sardines production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 10%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Preserved Sardines Exports

Exports from Kenya

In 2022, shipments abroad of sardines (prepared or preserved) increased by 257% to X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 635% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, preserved sardines exports soared to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 1,182%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for preserved sardines exports from Kenya, with a 63% share of total exports. Moreover, preserved sardines exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Somalia (X kg), threefold. Rwanda (X kg) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo totaled +27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+55.0% per year) and Rwanda (+43.1% per year).

In value terms, Somalia ($X), Rwanda ($X) and Democratic Republic of the Congo ($X) were the largest markets for preserved sardines exported from Kenya worldwide, with a combined 97% share of total exports.

Rwanda, with a CAGR of +58.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average preserved sardines export price stood at $X per ton in 2022, falling by -12.1% against the previous year. In general, the export price, however, posted a noticeable increase. The growth pace was the most rapid in 2014 an increase of 73% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+5.5%), while the prices for the other major destinations experienced a decline.

Preserved Sardines Imports

Imports into Kenya

After three years of decline, purchases abroad of sardines (prepared or preserved) increased by 15% to X tons in 2022. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 899%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, preserved sardines imports rose markedly to $X in 2022. Over the period under review, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 835%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Morocco (X tons), Indonesia (X tons) and the United Arab Emirates (X tons) were the main suppliers of preserved sardines imports to Kenya, together comprising 86% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of -0.1%), while purchases for the other leaders experienced a decline.

In value terms, Morocco ($X) constituted the largest supplier of sardines (prepared or preserved) to Kenya, comprising 51% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 20% share of total imports. It was followed by the United Arab Emirates, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Morocco totaled -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-4.2% per year) and the United Arab Emirates (-10.9% per year).

Import Prices by Country

In 2022, the average preserved sardines import price amounted to $X per ton, which is down by -2.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 18%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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