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Fish & Seafood - Burundi

Burundi
  • Revenue in the Fish & Seafood market amounts to US$115.50m in 2024. The market is expected to grow annually by 7.03% (CAGR 2024-2029).
  • In global comparison, most revenue is generated China (US$97bn in 2024).
  • In relation to total population figures, per person revenues of US$8.49 are generated in 2024.
  • In the Fish & Seafood market, volume is expected to amount to 7.86m kg by 2029. The Fish & Seafood market is expected to show a volume growth of 2.1% in 2025.0.
  • The average volume per person in the Fish & Seafood market is expected to amount to 0.5kg in 2024.

Definition:

The Fish & Seafood market covers products made from edible fish and crustaceans, mollusks, and other seafood. These products have been farmed or harvested from freshwater or the ocean and are bought and consumed for nutrient-based purposes.

Structure:

The market consists of 3 different submarkets:

  • The Fresh Fish market covers all types of edible fish that are fresh, chilled, or frozen, and have been farmed or harvested from freshwater or the ocean.
  • The Fresh Seafood market covers all types of crustaceans and mollusks that are fresh, chilled, or frozen and have been farmed or harvested.
  • The Processed Fish & Seafood market covers all types of fish and seafood that have been dried, salted, brined, canned, or smoked.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Fresh and frozen fish((whole or part of, such as cuts, fillets)
  • Fresh and frozen seafood
  • Processed fish and seafood

Out-Of-Scope

  • Fish-based ready-to-eat meals
  • Seaweed and other aquatic plants
  • Caviar and prepared and preserved shark fins
  • Out-of-home consumption
Fish & Seafood: market data & analysis - Cover

Market Insights report

Fish & Seafood: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Fish & Seafood market in Burundi is experiencing minimal growth, influenced by factors such as limited access to digital technologies, low health awareness among consumers, and reliance on traditional methods of obtaining fish and seafood. This slow growth rate may also be impacted by challenges in infrastructure and distribution in the country.

    Customer preferences:
    As more consumers in Burundi become health-conscious, there has been a notable increase in demand for sustainable and responsibly-sourced fish and seafood products. This trend is driven by the growing awareness of the environmental impact of overfishing and the importance of supporting local fishermen. Additionally, there is a rising preference for fresh and unprocessed fish and seafood, as consumers become more health-conscious and prioritize natural and organic options. These changing preferences reflect a larger shift towards sustainable and ethical consumption in the region.

    Trends in the market:
    In Burundi, the Fish & Seafood Market within The Food market is experiencing a trend towards sustainable and eco-friendly practices. As consumers become more environmentally conscious, there is a rising demand for responsibly sourced seafood. This trend is expected to continue as consumers prioritize ethical and sustainable food choices. Industry stakeholders must adapt to this trend by implementing sustainable fishing practices and promoting transparency in their supply chain. Failure to do so could result in losing market share and facing backlash from consumers.

    Local special circumstances:
    In Burundi, the Fish & Seafood market is heavily influenced by the country's unique geographical location, with access to both freshwater and saltwater fish. Additionally, cultural factors play a significant role, with traditional fishing methods and local preferences shaping the market. Regulatory circumstances, such as government subsidies for fishermen and strict regulations for commercial fishing, also impact the dynamics of the market. These local factors differentiate the Fish & Seafood market in Burundi from other markets and drive its growth and development.

    Underlying macroeconomic factors:
    The Fish & Seafood Market within The Food market in Burundi is impacted by several macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. The market growth is influenced by the overall economic growth of the country and its stability. Favorable economic indicators, such as low inflation and stable exchange rates, can have a positive impact on the market. Additionally, government policies and investments in the seafood industry, as well as consumer spending power, can significantly affect the market performance. The growing demand for healthy and protein-rich food options in the region is also driving the demand for fish and seafood products, creating opportunities for market growth.

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

    Modeling approach:

    Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

    Consumer

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    Fish & Seafood: market data & analysis - BackgroundFish & Seafood: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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