In 2023, Peru led the global fish body oil export market with 170.75 thousand metric tons, although it saw a slight decline of 0.04% compared to the previous year. Denmark and Norway followed, showing positive growth trends of 0.38% and 0.47%, respectively. Other significant players included the United States and Chile, both experiencing declines. Meanwhile, countries like Mexico and Belgium registered notable increases in export volume, 5.23% and 5.21% respectively, highlighting shifting dynamics in the market.
Looking forward to 2024, the global fish body oil export market is expected to see continued growth in certain regions, influenced by rising health consciousness and demand for omega-3 supplements. Countries with higher year-on-year growth, such as Oman and Indonesia, may continue to expand their market presence. Monitoring the impact of environmental regulations and sustainability initiatives will be crucial for forecasting future export volumes.
Top countries in Fish Body Oil Export Volume by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Peru | 170.75 | 2023 | +0.71% | -0.04% | View data |
| 2 | 2 Denmark | 149.63 | 2023 | +0.46% | +0.38% | View data |
| 3 | 3 Norway | 90.6 | 2023 | +0.5% | +0.47% | View data |
| 4 | 4 United States | 55.75 | 2023 | -2.11% | -2% | View data |
| 5 | 5 Chile | 52.07 | 2023 | -3.41% | -3.23% | View data |
| 6 | 6 Iceland | 47.35 | 2023 | +1.63% | +1.68% | View data |
| 7 | 7 Morocco | 31.94 | 2023 | -1.54% | -1.39% | View data |
| 8 | 8 China | 30.54 | 2023 | -0.42% | +0.53% | View data |
| 9 | 9 Mexico | 29.68 | 2023 | +5.47% | +5.23% | View data |
| 10 | 10 India | 27.44 | 2023 | +0.77% | -0.3% | View data |
