Shrimp Price in Tanzania - 2022
Contents:
- Shrimp Price in Tanzania (FOB) - 2022
- Shrimp Price in Tanzania (CIF) - 2022
- Shrimp Exports in Tanzania
- Shrimp Imports in Tanzania
Shrimp Price in Tanzania (FOB) - 2022
In 2022, the average shrimp export price amounted to $5,797 per ton, rising by 58% against the previous year. Overall, the export price showed a slight increase. The export price peaked at $9,134 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($20,101 per ton), while the average price for exports to Kenya ($3,058 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 Hong Kong SAR (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Price in Tanzania (CIF) - 2022
The average shrimp import price stood at $928 per ton in 2022, which is down by -45.5% against the previous year. Overall, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 657%. Over the period under review, average import prices attained the peak figure at $18,277 per ton in 2017; however, from 2018 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 India ($2,562 per ton), while the price for China ($258 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Shrimp Exports in Tanzania
For the third consecutive year, Tanzania recorded decline in shipments abroad of shrimps, which decreased by -73.6% to 29 tons in 2022. In general, exports saw a dramatic slump. The smallest decline of -20.6% was in 2020.
In value terms, shrimp exports contracted sharply to $170K in 2022. Overall, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year. As a result, the exports reached the peak of $1.9M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Shrimp in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 480 | 542 | 48.1 | 67.1 | -48.1% |
| Kenya | 317 | 144 | 136 | 57.8 | -43.3% |
| Germany | N/A | N/A | N/A | 29.8 | 0% |
| Uganda | 93.4 | 86.6 | 29.1 | 13.1 | -48.0% |
| Hong Kong SAR | 33.0 | 28.4 | 165 | N/A | 123.6% |
| France | 686 | 1,091 | N/A | N/A | 59.0% |
| Others | 37.1 | 3.1 | 28.4 | 2.4 | -59.9% |
| Total | 1,646 | 1,895 | 407 | 170 | -53.1% |
Top Export Markets for Shrimp from Tanzania in 2022:
- Kenya (18.9 tons)
- Uganda (4.1 tons)
- Portugal (3.3 tons)
- Germany (2.8 tons)
Shrimp Imports in Tanzania
In 2022, approx. 1.8 tons of shrimps were imported into Tanzania; picking up by 444% against 2021 figures. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 137,800%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, shrimp imports soared to $1.6K in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 19,733% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Shrimp in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 802 | 0% |
| United Arab Emirates | N/A | N/A | 9.0 | 695 | 7622.2% |
| China | N/A | 595 | N/A | 148 | -50.1% |
| United Kingdom | N/A | N/A | 546 | N/A | 0% |
| Others | 3.0 | N/A | N/A | N/A | 0% |
| Total | 3.0 | 595 | 555 | 1,645 | 718.5% |
Top Suppliers of Shrimp to Tanzania in 2022:
- United Arab Emirates (886.0 kg)
- China (573.0 kg)
- India (313.0 kg)
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