The global imports of marine mammals and fish oils and fats reveal Norway and China as leading importers, with Norway at 29.06% and China following at 23.16%. While Norway shows a moderate growth rate of 5.12% for 2023, China has seen a significant increase of 14.48%. Other notable countries include Canada, the Netherlands, and France, showing varying moderate growth rates. Smaller countries like Lithuania and Latvia have experienced remarkable increases of 20.32% and 47.84%, respectively, although they represent a smaller market share.
Future trends to watch:
- Growth in the Asian markets, particularly China and Vietnam, could continue to drive the global trend.
- Environmental concerns and sustainable practices could impact sourcing and supply chains, affecting market dynamics.
- Technological advancements in extraction and processing might open new opportunities and efficiencies within the sector.
Top countries in Marine Mammals and Fish Oils and Fats Imports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 29.06 | 2023 | +2.8% | +5.12% | View data |
| 2 | 2 China | 23.16 | 2023 | +11.68% | +14.48% | View data |
| 3 | 3 Canada | 9.3 | 2023 | +3.5% | +5.84% | View data |
| 4 | 4 Netherlands | 7.23 | 2023 | +5.36% | +11.6% | View data |
| 5 | 5 France | 5.06 | 2023 | +2.73% | +1.84% | View data |
| 6 | 6 United Kingdom | 4.88 | 2023 | -0.96% | +8.94% | View data |
| 7 | 7 Japan | 3.54 | 2023 | +0.031% | +3.49% | View data |
| 8 | 8 Australia | 3.35 | 2023 | +3.49% | +4.63% | View data |
| 9 | 9 Spain | 2.44 | 2023 | +2.92% | +2.26% | View data |
| 10 | 10 Vietnam | 1.69 | 2023 | +2.33% | +3.25% | View data |
