The 2023 data indicates Peru as the leading global exporter of fish meal, significantly surpassing other countries at 1.1 million metric tons. Vietnam and Chile follow, with substantial year-on-year growth rates of 9.57% and 3.12% respectively. Iceland and Russia also demonstrate notable increases, at 11.33% and 10.76% respectively, suggesting an upward trend. Conversely, the United States shows a decline of 3.58%. Smaller players like the Philippines surged by 20.11%, highlighting dynamic shifts among lower-tier exporters.
Looking ahead, demand for fish meal, driven by the aquaculture industry, is expected to rise, potentially reshaping global export dynamics. Sustainability and production efficiency will play crucial roles in determining competitive advantages for exporters, especially with growing environmental regulations and resource management challenges. Future trends to watch include technological advancements in fish meal production and evolving dietary preferences in the aquaculture sector, which could influence country-specific export strategies.
Top countries in Fish Meal Export by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Peru | 1,100 | 2023 | +37.5% | +0.69% | View data |
| 2 | 2 Vietnam | 270 | 2023 | -3.57% | +9.57% | View data |
| 3 | 3 Chile | 225 | 2023 | -8.16% | +3.12% | View data |
| 4 | 4 Morocco | 160 | 2023 | -3.03% | +0.38% | View data |
| 5 | 5 United States | 140 | 2023 | 0% | -3.58% | View data |
| 6 | 6 Thailand | 130 | 2023 | -13.33% | +3.78% | View data |
| 7 | 7 Iceland | 130 | 2023 | 0% | +11.33% | View data |
| 8 | 8 Russia | 125 | 2023 | 0% | +10.76% | View data |
| 9 | 9 Mexico | 110 | 2023 | -24.14% | +2.76% | View data |
| 10 | 10 Norway | 70 | 2023 | 0% | +3.13% | View data |
