In 2023, the global fish body oil export market saw Peru leading with 19.12 thousand metric tons, despite a slight year-on-year decline of 0.04%. Denmark and Norway followed, with Denmark experiencing a notable 0.38% increase and Norway a significant 0.47% rise. The United States and Chile showed declines of 2.0% and 3.23% respectively. Iceland marked a robust growth of 1.68%. Noteworthy increases were observed in Mexico (5.23%), Belgium (5.21%), and Oman (6.64%). Conversely, substantial declines were noted in Panama (-6.6%), Vietnam (-24.67%), and Israel (-32.82%).
Future trends to watch include the increasing exports from emerging markets like Mexico, Oman, and Mauritania, alongside substantial growth prospects in markets such as India and China. The data points to a dynamic shift with rising demand in developing countries potentially reshaping the global landscape of fish body oil exports.
Top countries in Fish Body Oil Export Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Peru | 19.12 | 2023 | +0.71% | -0.04% | View data |
| 2 | 2 Denmark | 16.75 | 2023 | +0.46% | +0.38% | View data |
| 3 | 3 Norway | 10.14 | 2023 | +0.5% | +0.47% | View data |
| 4 | 4 United States | 6.24 | 2023 | -2.11% | -2% | View data |
| 5 | 5 Chile | 5.83 | 2023 | -3.41% | -3.23% | View data |
| 6 | 6 Iceland | 5.3 | 2023 | +1.63% | +1.68% | View data |
| 7 | 7 Morocco | 3.58 | 2023 | -1.54% | -1.39% | View data |
| 8 | 8 China | 3.42 | 2023 | -0.42% | +0.53% | View data |
| 9 | 9 Mexico | 3.32 | 2023 | +5.47% | +5.23% | View data |
| 10 | 10 India | 3.07 | 2023 | +0.77% | -0.3% | View data |
