In 2023, Norway, China, and Canada led global imports of marine mammals and fish oils and fats, valued at $491.73M, $391.86M, and $157.4M, respectively. Notably, China saw the highest year-on-year increase at 14.48%, driven by strong domestic demand. Conversely, traditional markets like Indonesia and Mexico showed declines. Emerging markets like Lithuania, with a startling 20.32% increase, and Latvia, with a 47.84% rise, are gaining traction. Switzerland and the Netherlands experienced significant upticks, possibly due to demand in the cosmetics and supplements sectors.
Looking ahead, watch for increasing demand in Asia-Pacific, with China and Vietnam leading growth. Sustainable sourcing and regulatory factors could also impact trade volumes, as environmental concerns gain momentum globally. Additionally, potential supply chain disruptions might influence future import patterns, urging diversification in sourcing strategies.
Top countries in Marine Mammals and Fish Oils and Fats Imports by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 491,730,000 | 2023 | +2.8% | +5.12% | View data |
| 2 | 2 China | 391,860,000 | 2023 | +11.68% | +14.48% | View data |
| 3 | 3 Canada | 157,400,000 | 2023 | +3.5% | +5.84% | View data |
| 4 | 4 Netherlands | 122,330,000 | 2023 | +5.36% | +11.6% | View data |
| 5 | 5 France | 85,576,000 | 2023 | +2.73% | +1.84% | View data |
| 6 | 6 United Kingdom | 82,524,000 | 2023 | -0.96% | +8.94% | View data |
| 7 | 7 Japan | 59,812,000 | 2023 | +0.031% | +3.49% | View data |
| 8 | 8 Australia | 56,745,000 | 2023 | +3.49% | +4.63% | View data |
| 9 | 9 Spain | 41,298,000 | 2023 | +2.92% | +2.26% | View data |
| 10 | 10 Vietnam | 28,664,000 | 2023 | +2.33% | +3.25% | View data |
