The global fish body oil demand data indicates that Chile leads with 185.12 thousand metric tons, showing a 2.35% increase year-on-year. Countries like Norway and Japan follow, with modest rate variations of -0.07% and 1.25%, respectively. Notably, Panama and Ireland saw significant positive trends, with annual increases of 6.79% and 6.07%, suggesting a surge in demand. However, regions like South Korea and Germany experienced declines of -3.55% and -3.01%, respectively. Some countries, such as Mexico and Slovakia, faced substantial declines, with -24.87% and -100% changes respectively, indicating potential market volatility.
Future trends to watch include the impact of population growth in countries with rising demand, the influence of health awareness and dietary supplements, and the potential market shifts in regions currently experiencing declines. Observing the economic conditions and the regulatory environment in these regions will be critical for predicting future demand patterns.
Top countries in Fish Body Oil Demand by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Chile | 185.12 | 2023 | +2.15% | +2.35% | View data |
| 2 | 2 Norway | 152 | 2023 | -0.19% | -0.07% | View data |
| 3 | 3 Japan | 97.66 | 2023 | +1.34% | +1.25% | View data |
| 4 | 4 China | 83.22 | 2023 | +0.24% | -0.33% | View data |
| 5 | 5 Canada | 60.12 | 2023 | +2.02% | +2.02% | View data |
| 6 | 6 Vietnam | 50.75 | 2023 | +2.38% | +2.78% | View data |
| 7 | 7 Spain | 43.22 | 2023 | +2.61% | +2.9% | View data |
| 8 | 8 Greece | 35.09 | 2023 | +0.89% | +0.92% | View data |
| 9 | 9 India | 27.23 | 2023 | +3.65% | +3.94% | View data |
| 10 | 10 United States | 20.42 | 2023 | +0.049% | +0.059% | View data |
