The data for 2023 shows Mauritania as the leading producer of fish liver oil, with a significant production share compared to other countries such as Iceland and Norway. Year-on-year analysis indicates notable growth in Oman and China, with their production increasing by 7.89%, while Namibia faced a significant decline of 100%. Germany and the Netherlands also experienced a decrease in production, by 6.89% and 19.73%, respectively. The five-year CAGR, considering the variations from 2018 to 2023, evened out the growth, reflecting stability in established markets such as South Korea and a slight upward trend in Sweden.
Future trends to watch include the potential for further growth in emerging markets like Oman and China. Additionally, the sustainability and regulatory frameworks in fish liver oil production will likely impact production dynamics. Maintaining a balance between increased demand and ecological conservation will be crucial for these countries to sustain their market positions in the coming years.
Top countries in Fish Liver Oil Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mauritania | 69.68 | 2023 | +2.61% | +1.69% | View data |
| 2 | 2 Iceland | 13.46 | 2023 | +3.17% | +2.66% | View data |
| 3 | 3 Norway | 7.12 | 2023 | +1.26% | +1.12% | View data |
| 4 | 4 Senegal | 3.28 | 2023 | +6.73% | +6.24% | View data |
| 5 | 5 South Korea | 3.19 | 2023 | 0% | +0.95% | View data |
| 6 | 6 Morocco | 1.18 | 2023 | 0% | +5.92% | View data |
| 7 | 7 Peru | 0.62 | 2023 | -4.55% | -6.89% | View data |
| 8 | 8 Oman | 0.56 | 2023 | +5.56% | +7.89% | View data |
| 9 | 9 China | 0.56 | 2023 | +5.56% | +7.89% | View data |
| 10 | 10 Mozambique | 0.44 | 2023 | +7.14% | +4.56% | View data |
