Tanzania: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in Tanzania

After two years of growth, the Tanzanian frozen fish fillet market decreased by -8.1% to $X in 2022. Over the period under review, consumption, however, enjoyed a significant increase. Over the period under review, the market reached the maximum level at $X in 2021, and then declined in the following year.

Frozen Fish Fillet Production in Tanzania

In value terms, frozen fish fillet production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight downturn. The growth pace was the most rapid in 2014 when the production volume increased by 17% against the previous year. Frozen fish fillet production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Frozen Fish Fillet Exports

Exports from Tanzania

In 2022, shipments abroad of frozen fish fillet increased by 21% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2017 with an increase of 42%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen fish fillet exports rose rapidly to $X in 2022. Overall, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 70% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons), the United Arab Emirates (X tons) and the Netherlands (X tons) were the main destinations of frozen fish fillet exports from Tanzania, together accounting for 29% of total exports. Greece, Israel, Romania, Saudi Arabia, Japan, Kenya, Italy, Rwanda, Portugal and China lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Rwanda (with a CAGR of +76.3%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the United Arab Emirates ($X) and Israel ($X) constituted the largest markets for frozen fish fillet exported from Tanzania worldwide, together comprising 30% of total exports. The Netherlands, Greece, Saudi Arabia, Romania, Japan, Italy, Rwanda, China, Portugal and Kenya lagged somewhat behind, together comprising a further 49%.

Rwanda, with a CAGR of +85.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen fish fillet export price stood at $X per ton in 2022, which is down by -5.3% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 71%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Kenya ($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 Kenya (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports into Tanzania

In 2022, approx. X tons of frozen fish fillet were imported into Tanzania; falling by -82% on the previous year's figure. Over the period under review, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 5,903%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, frozen fish fillet imports declined markedly to $X in 2022. Overall, imports saw a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 7,156%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Seychelles (X tons) constituted the largest supplier of frozen fish fillet to Tanzania, with a 87% share of total imports. Moreover, frozen fish fillet imports from Seychelles 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 Seychelles was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-18.5% per year) and Norway (+131.9% per year).

In value terms, the largest frozen fish fillet suppliers to Tanzania were Seychelles ($X), Norway ($X) and China ($X), together comprising 100% of total imports.

Among the main suppliers, Norway, with a CAGR of +145.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average frozen fish fillet import price amounted to $X per ton, dropping by -65.4% against the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 194% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then plummeted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform