Shrimp Price in Kenya - 2021
Contents:
- Shrimp Price in Kenya (FOB) - 2022
- Shrimp Price in Kenya (CIF) - 2022
- Shrimp Exports in Kenya
- Shrimp Imports in Kenya
Shrimp Price in Kenya (FOB) - 2022
The average shrimp export price stood at $13,090 per ton in 2022, dropping by -2.8% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 5.5%. The export price peaked at $18,052 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($117,834 per ton), while the average price for exports to Canada ($3,148 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 Germany (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Price in Kenya (CIF) - 2022
In 2022, the average shrimp import price amounted to $6,438 per ton, waning by -2.5% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, shrimp import price increased by +73.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 78%. As a result, import price attained the peak level of $6,601 per ton, and then shrank slightly in the following year.
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 ($12,092 per ton), while the price for Tanzania stood at $3,067 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Exports in Kenya
In 2022, overseas shipments of shrimps were finally on the rise to reach 36 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a sharp decrease.
In value terms, shrimp exports amounted to $466K in 2022. Overall, exports, however, recorded a precipitous descent.
| Export of Shrimp in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 1,233 | 385 | 362 | 404 | -31.1% |
| France | 22.1 | 118 | 7.9 | 29.9 | 10.6% |
| Canada | 3.7 | 3.8 | 4.7 | 2.6 | -11.1% |
| South Africa | 15.9 | 33.4 | N/A | N/A | 110.1% |
| Others | 47.2 | 37.4 | 88.6 | 29.4 | -14.6% |
| Total | 1,322 | 578 | 464 | 466 | -29.4% |
Top Export Markets for Shrimp from Kenya in 2022:
- Portugal (33.0 tons)
- France (1.3 tons)
- Canada (0.8 tons)
Shrimp Imports in Kenya
In 2022, imports of shrimps into Kenya dropped to 88 tons, with a decrease of -7.2% compared with 2021 figures. Over the period under review, imports showed a deep downturn.
In value terms, shrimp imports dropped to $568K in 2022. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 36%.
| Import of Shrimp in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 201 | 289 | 458 | 396 | 25.4% |
| Tanzania | 317 | 144 | 136 | 169 | -18.9% |
| United Kingdom | 7.7 | 26.2 | N/A | N/A | 240.3% |
| United Arab Emirates | 233 | N/A | N/A | N/A | 0% |
| Others | 7.3 | 4.2 | 33.1 | 2.9 | -26.5% |
| Total | 765 | 463 | 627 | 568 | -9.4% |
Top Suppliers of Shrimp to Kenya in 2022:
- Tanzania (55.2 tons)
- Vietnam (32.7 tons)
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