Frozen Tilapia Fillets Price in Kenya - 2021
Contents:
- Frozen Tilapia Fillets Price in Kenya (CIF) - 2021
- Frozen Tilapia Fillets Price in Kenya (FOB) - 2022
- Frozen Tilapia Fillets Imports in Kenya
- Frozen Tilapia Fillets Exports in Kenya
Frozen Tilapia Fillets Price in Kenya (CIF) - 2021
The average frozen tilapia fillets import price stood at $3,833 per ton in December 2021, stabilizing at the previous month. Overall, the import price continues to indicate mild growth. The most prominent rate of growth was recorded in July 2021 an increase of 11% month-to-month. The import price peaked in December 2021.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2020 to December 2021, the rate of growth in terms of prices for China amounted to +1.8% per month.
Frozen Tilapia Fillets Price in Kenya (FOB) - 2022
In 2022, the average frozen tilapia fillets export price amounted to $7,186 per ton, jumping by 25% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average export price increased by 43%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Sudan ($8,971 per ton), while the average price for exports to Somalia ($5,117 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 Austria (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Tilapia Fillets Imports in Kenya
Frozen tilapia fillets imports into Kenya shrank to 417 tons in 2022, which is down by -14.2% compared with the previous year. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year.
In value terms, frozen tilapia fillets imports fell rapidly to $1.4M in 2022. In general, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. As a result, imports attained the peak of $1.7M, and then dropped markedly in the following year.
| Import of Frozen Tilapia Fillets in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 1.1 | 1.7 | 1.4 | -2.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.5 | 1.1 | 1.7 | 1.4 | -2.3% |
Top Suppliers of Frozen Tilapia Fillets to Kenya in 2022:
- China (416.9 tons)
Frozen Tilapia Fillets Exports in Kenya
In 2022, exports of frozen tilapia fillets from Kenya surged to 1.6 tons, picking up by 155% compared with the year before. Overall, exports, however, faced a deep reduction.
In value terms, frozen tilapia fillets exports soared to $12K in 2022. In general, exports, however, faced a deep slump.
| Export of Frozen Tilapia Fillets in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Sudan | 0.6 | 10.5 | 2.3 | 7.4 | 131.0% |
| Somalia | 12.0 | 5.4 | 0.6 | 2.0 | -45.0% |
| Rwanda | 3.2 | 0.7 | 0.5 | 1.7 | -19.0% |
| Ethiopia | 0.8 | 0.7 | 0.1 | 0.5 | -14.5% |
| Sudan | 0.2 | 0.3 | 0.1 | 0.2 | 0.0% |
| Germany | N/A | 2.1 | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 16.7 | 19.8 | 3.7 | 11.7 | -11.2% |
Top Export Markets for Frozen Tilapia Fillets from Kenya in 2022:
- South Sudan (821.0 kg)
- Somalia (391.0 kg)
- Rwanda (302.0 kg)
- Ethiopia (83.0 kg)
- Sudan (34.0 kg)
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