In 2023, Mauritania emerged as the leading exporter of fish liver oil with a significant volume of 62.75 thousand metric tons, displaying a 1.72% year-on-year growth. Iceland and Norway followed, with Iceland seeing a notable 2.58% increase. Noteworthy are China's and Denmark's exports, both experiencing substantial year-on-year growth of 4.32% and 3.71%, respectively. Conversely, Peru and Germany faced declines, with Germany's exports shrinking by 12.2% and Peru's by 8.46%. The Netherlands, Spain, and Thailand encountered the most significant declines, with Thailand showing a 100% reduction in exports.
Looking forward, the global fish liver oil market may see shifts in export dynamics due to sustainability concerns and advances in aquaculture techniques. Countries investing in sustainable fishing practices and quality improvements are likely to leverage future demand. Monitoring geopolitical factors and regulatory changes will also be essential for exporters, particularly from emerging markets.
Top countries in Fish Liver Oil Export Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mauritania | 62.75 | 2023 | +2.84% | +1.72% | View data |
| 2 | 2 Iceland | 12.46 | 2023 | +2.86% | +2.58% | View data |
| 3 | 3 Norway | 6.44 | 2023 | +1.26% | +1.2% | View data |
| 4 | 4 United States | 3.73 | 2023 | +1.45% | +0.29% | View data |
| 5 | 5 Senegal | 2.96 | 2023 | +6.73% | +6.24% | View data |
| 6 | 6 France | 2.88 | 2023 | 0% | +0.19% | View data |
| 7 | 7 South Korea | 2.82 | 2023 | 0% | +0.77% | View data |
| 8 | 8 China | 2.8 | 2023 | +3.96% | +4.32% | View data |
| 9 | 9 Denmark | 1.76 | 2023 | +3.13% | +3.71% | View data |
| 10 | 10 Morocco | 0.67 | 2023 | -3.85% | 0% | View data |
