Kenya: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Kenya

The Kenyan market for frozen, dried and smoked fish contracted slightly to $X in 2023, approximately equating the previous year. Over the period under review, consumption, however, continues to indicate a perceptible shrinkage. Frozen, dried and smoked fish consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Production of Frozen, Dried And Smoked Fish in Kenya

In value terms, frozen, dried and smoked fish production shrank modestly to $X in 2023 estimated in export price. Overall, production showed a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Frozen, dried and smoked fish production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from Kenya

In 2023, after two years of growth, there was significant decline in shipments abroad of frozen, dried and smoked fish, when their volume decreased by X% to X tons. Over the period under review, exports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, frozen, dried and smoked fish exports declined sharply to $X in 2023. In general, exports saw a deep slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons), Spain (X tons) and Portugal (X tons) were the main destinations of frozen, dried and smoked fish exports from Kenya, with a combined X% share of total exports. Romania, Italy, Japan, Vietnam, Greece, the Netherlands, France, Hong Kong SAR, Israel and Congo lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Congo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the key foreign market for frozen, dried and smoked fish exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with an X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Italy (X% per year).

Export Prices by Country

In 2023, the average export price for frozen, dried and smoked fish amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price saw a mild downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Congo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Kenya

In 2023, frozen, dried and smoked fish imports into Kenya amounted to X tons, with an increase of X% on 2022 figures. Over the period under review, imports, however, continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish imports surged to $X in 2023. Overall, imports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of frozen, dried and smoked fish to Kenya, with a X% share of total imports. Moreover, frozen, dried and smoked fish imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), fivefold. The third position in this ranking was taken by Tanzania (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Tanzania (X% per year).

In value terms, China ($X) constituted the largest supplier of frozen, dried and smoked fish to Kenya, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports. It was followed by Tanzania, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Tanzania (X% per year).

Import Prices by Country

The average import price for frozen, dried and smoked fish stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform