Uganda: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Uganda

The Ugandan inedible fish products market shrank to $X in 2022, falling by -11.3% against the previous year. In general, consumption, however, posted a moderate increase. Inedible fish products consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Inedible Fish Products Production in Uganda

In value terms, inedible fish products production fell to $X in 2022 estimated in export price. In general, production, however, saw a temperate increase. The most prominent rate of growth was recorded in 2014 with an increase of 55%. Inedible fish products production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Inedible Fish Products Exports

Exports from Uganda

In 2022, exports of inedible fish products from Uganda dropped modestly to X tons, shrinking by -3.4% against the year before. Overall, exports recorded a precipitous decline. The pace of growth was the most pronounced in 2021 with an increase of 75%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, inedible fish products exports shrank to $X in 2022. Over the period under review, exports showed a sharp decrease. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Vietnam (X tons) and Hong Kong SAR (X tons) were the main destinations of inedible fish products exports from Uganda, together accounting for 76% of total exports. Macao SAR, Kenya and Malaysia lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Macao SAR (with a CAGR of +4.8%), while the other leaders experienced a decline.

In value terms, Hong Kong SAR ($X), Macao SAR ($X) and Malaysia ($X) constituted the largest markets for inedible fish products exported from Uganda worldwide, with a combined 93% share of total exports.

In terms of the main countries of destination, Macao SAR, with a CAGR of -13.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average inedible fish products export price amounted to $X per ton, with a decrease of -4.7% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the average export price increased by 14%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China ($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 Malaysia (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Inedible Fish Products Imports

Imports into Uganda

Inedible fish products imports into Uganda surged to X tons in 2022, with an increase of 108% compared with the year before. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, inedible fish products imports shrank to $X in 2022. In general, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2015 with an increase of 30% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest inedible fish products supplier to Uganda, accounting for a 44% share of total imports. Moreover, inedible fish products imports from Italy exceeded the figures recorded by the second-largest supplier, Kenya (X tons), fivefold. The third position in this ranking was held by Tanzania (X tons), with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (-12.7% per year) and Tanzania (-25.6% per year).

In value terms, Italy ($X), Kenya ($X) and Tanzania ($X) were the largest inedible fish products suppliers to Uganda, with a combined 68% share of total imports. South Africa lagged somewhat behind, comprising a further less than 0.1%.

Among the main suppliers, South Africa, with a CAGR of +0.2%, saw the highest rates of growth with regard to 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 inedible fish products import price stood at $X per ton in 2022, dropping by -54.4% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2021 an increase of 74% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+18.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform