In 2023, Chile dominated the global non-liver fish oils import market with a share of 20.62%, maintaining a steady growth of 2.42% from the previous year. Belgium and the United Kingdom followed with shares of 10.73% and 9.14%, respectively, benefiting from moderate growth. South Korea and Russia exhibited significant annual growth rates of 29.79% and 31.44%, gaining momentum in the market. Noteworthy were the substantial increases for Austria and India, with growth rates of 12.57% and 26.92%, respectively. Conversely, Italy saw a slight decline of 0.29%, alongside modest downturns for Mexico and Indonesia.
Future trends to watch include the growing demand in emerging markets like India and the sustained growth in South Korea and Russia, driven by increased health awareness and technological advancements in production and processing. Monitoring shifts in trade policies and consumer preferences will also be crucial for anticipating changes in import dynamics.
Top countries in Non-Liver Fish Oils Imports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Chile | 20.62 | 2023 | +3.23% | +2.42% | View data |
| 2 | 2 Belgium | 10.73 | 2023 | +6.27% | +8.15% | View data |
| 3 | 3 United Kingdom | 9.14 | 2023 | +1.18% | +3.82% | View data |
| 4 | 4 Australia | 9.08 | 2023 | +3.8% | +4.5% | View data |
| 5 | 5 South Korea | 6.13 | 2023 | +15.45% | +29.79% | View data |
| 6 | 6 Russia | 5.25 | 2023 | +19.1% | +31.44% | View data |
| 7 | 7 Italy | 5.06 | 2023 | +1.66% | -0.29% | View data |
| 8 | 8 Vietnam | 4.68 | 2023 | +2.4% | +3.59% | View data |
| 9 | 9 Iceland | 4.63 | 2023 | +2.8% | +7.17% | View data |
| 10 | 10 Germany | 4.34 | 2023 | +1.02% | +6.45% | View data |
