Kenya: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Kenya

The Kenyan frozen crustaceans market shrank slightly to $X in 2023, which is down by X% against the previous year. Overall, consumption showed a slight curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Frozen Crustaceans Production in Kenya

In value terms, frozen crustaceans production shrank slightly to $X in 2023 estimated in export price. In general, production showed a mild shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Frozen Crustaceans Exports

Exports from Kenya

In 2023, frozen crustaceans exports from Kenya surged to X tons, rising by X% on the previous year. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen crustaceans exports surged to $X in 2023. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) was the main destination for frozen crustaceans exports from Kenya, accounting for a X% share of total exports. Moreover, frozen crustaceans exports to South Africa exceeded the volume sent to the second major destination, Greece (X tons), eightfold. The third position in this ranking was taken by Portugal (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to South Africa stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Portugal (X% per year).

In value terms, the largest markets for frozen crustaceans exported from Kenya were South Africa ($X), Greece ($X) and Portugal ($X), together comprising X% of total exports. The Netherlands lagged somewhat behind, comprising a further X%.

The Netherlands, with a CAGR of X%, saw 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

In 2023, the average frozen crustaceans export price amounted to $X per ton, declining by X% against the previous year. In general, the export price recorded a perceptible descent. The most prominent rate of growth was recorded in 2019 an increase of 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 overseas markets. In 2023, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to South Africa ($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 South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports into Kenya

Frozen crustaceans imports into Kenya skyrocketed to X tons in 2023, increasing by X% on 2022 figures. Overall, imports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, frozen crustaceans imports skyrocketed to $X in 2023. In general, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Tanzania (X tons) constituted the largest frozen crustaceans supplier to Kenya, accounting for a X% share of total imports. Moreover, frozen crustaceans imports from Tanzania exceeded the figures recorded by the second-largest supplier, the UK (X tons), sixfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Tanzania stood at X%.

In value terms, Tanzania ($X) and the UK ($X) constituted the largest frozen crustaceans suppliers to Kenya.

In terms of the main suppliers, the UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2023, the average frozen crustaceans import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 the UK ($X per ton), while the price for Tanzania totaled $X per ton.

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

Source: IndexBox Platform