In 2023, Chile led global fish body oil production at 177.88 thousand metric tons, slightly higher than Peru's 176.3 thousand metric tons. Japan and Iceland followed, producing 83.44 and 57.2 thousand metric tons, respectively. Key growth trends included Poland at 6.73% and Mauritania at 2.9%, while declines were seen in Denmark at -3.04% and Thailand at -11.01%. Over the past five years, many countries showed a slow but steady increase indicating resilience despite market fluctuations.
Future trends to watch include increased demand driven by health and wellness sectors, potential effects of climate change on fish stock, and advancements in sustainable fishing practices influencing production capabilities. Fish body oil production may also see shifts due to trade regulations or political changes impacting international supply chains.
Top countries in Fish Body Oil Production by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Chile | 177.88 | 2023 | +1.17% | +1.33% | View data |
| 2 | 2 Peru | 176.3 | 2023 | +2.58% | +2.35% | View data |
| 3 | 3 Japan | 83.44 | 2023 | +1.53% | +1.37% | View data |
| 4 | 4 Iceland | 57.2 | 2023 | +1.51% | +1.71% | View data |
| 5 | 5 India | 53.73 | 2023 | +2.15% | +1.6% | View data |
| 6 | 6 China | 53.08 | 2023 | +0.74% | +1.19% | View data |
| 7 | 7 Norway | 49.1 | 2023 | -1.03% | -0.89% | View data |
| 8 | 8 United States | 48.34 | 2023 | -1.97% | -1.16% | View data |
| 9 | 9 Denmark | 45.47 | 2023 | -3.4% | -3.04% | View data |
| 10 | 10 Vietnam | 42 | 2023 | -1.41% | -1.37% | View data |
