Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Kenya - 2022

Contents:

1. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Kenya (CIF) - 2022
2. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Kenya (FOB) - 2022
3. Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Kenya
4. Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Kenya

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Kenya (CIF) - 2022

The average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $9,522 per ton in 2022, declining by -8.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 73% against the previous year. The import price peaked at $11,013 per ton in 2016; however, from 2017 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 Vietnam ($11,569 per ton), while the price for China ($2,816 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Kenya (FOB) - 2022

In 2022, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $7,664 per ton, with an increase of 124% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 144% against the previous year. Over the period under review, the average export prices hit record highs at $16,828 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($8,066 per ton), while the average price for exports to South Sudan stood at $3,990 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+13.5%), while the prices for the other major destinations experienced a decline.

Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Kenya

After two years of decline, purchases abroad of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds increased by 96% to 32 tons in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds soared to $306K in 2022. In general, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Kenya in 2022:

1. Vietnam (24.1 tons)
2. Chile (5.5 tons)
3. China (2.0 tons)

Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Kenya

For the fourth year in a row, Kenya recorded growth in overseas shipments of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds, which increased by 4,154% to 4 tons in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds soared to $31K in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Kenya in 2022:

1. Hong Kong SAR (3.1 tons)
2. South Sudan (0.1 tons)

Source: IndexBox Market Intelligence Platform