Tanzania: Frozen Fish Market 2024

Frozen Fish Market Size in Tanzania

In 2022, the Tanzanian frozen fish market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then fell remarkably in the following year.

Frozen Fish Production in Tanzania

In value terms, frozen fish production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Frozen Fish Exports

Exports from Tanzania

In 2022, shipments abroad of frozen fish increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt curtailment. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, frozen fish exports reached $X in 2022. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kenya (X tons), Spain (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of frozen fish exports from Tanzania, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

Rwanda, with a CAGR of X%, recorded 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 more modest paces of growth.

Export Prices by Country

The average frozen fish export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Tanzania

In 2022, after three years of growth, there was significant decline in purchases abroad of frozen fish, when their volume decreased by X% to X tons. Over the period under review, imports faced a abrupt slump. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish imports reduced markedly to $X in 2022. Overall, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Seychelles (X tons) were the main suppliers of frozen fish imports to Tanzania, together accounting for X% of total imports. Oman and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest frozen fish suppliers to Tanzania were South Korea ($X), China ($X) and Seychelles ($X), together comprising X% of total imports. The United Arab Emirates and Oman lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, 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

The average frozen fish import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform