Price for Fish Meal; Fit for Human Consumption in Ethiopia - 2022

Contents:

1. Price for Fish Meal; Fit for Human Consumption in Ethiopia (CIF) - 2022
2. Imports of Fish Meal; Fit for Human Consumption in Ethiopia

Price for Fish Meal; Fit for Human Consumption in Ethiopia (CIF) - 2022

In 2022, the average import price for fish meal; fit for human consumptia amounted to $14,017 per ton, shrinking by -1.7% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish meal; fit for human consumptia decreased by -3.6% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 87% against the previous year. As a result, import price attained the peak level of $18,647 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($14,068 per ton), while the price for China amounted to $13,659 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+22.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Fish Meal; Fit for Human Consumption in Ethiopia

In 2022, the amount of fish meal; fit for human consumptia imported into Ethiopia amounted to 653 kg, surging by 3.3% against the previous year. Over the period under review, imports, however, continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 3.6%.

In value terms, imports of fish meal; fit for human consumptia stood at $9.2K in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 1.6%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Fish Meal; Fit for Human Consumption to Ethiopia in 2022:

1. Germany (571.0 kg)
2. China (82.0 kg)

Source: IndexBox Market Intelligence Platform