In 2023, Norway led global fish body oil imports, trailed by Denmark, China, and Chile. Notably, import volumes in Norway and Canada increased, while Denmark, China, and Chile saw declines. Belgium, Spain, and Malaysia experienced notable growth, contrasting with declines in South Korea and Taiwan. Over the past five years, the industry's CAGR suggests moderate fluctuations with increased import volumes in emerging markets like India due to rising health awareness.
Future trends to monitor include sustainable sourcing practices and the expansion of omega-3 product lines. Market shifts to health-centric products could drive further demand in Asia-Pacific and emerging economies.
Top countries in Fish Body Oil Import Volume by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 193.5 | 2023 | +0.35% | +0.4% | View data |
| 2 | 2 Denmark | 88.16 | 2023 | -1.83% | -2.05% | View data |
| 3 | 3 China | 60.66 | 2023 | -0.54% | -1.16% | View data |
| 4 | 4 Chile | 59.3 | 2023 | +0.017% | -0.12% | View data |
| 5 | 5 Canada | 56.59 | 2023 | +2.11% | +2.06% | View data |
| 6 | 6 France | 38.55 | 2023 | +0.92% | +0.88% | View data |
| 7 | 7 Greece | 35.19 | 2023 | +0.92% | +0.94% | View data |
| 8 | 8 Spain | 28.17 | 2023 | +3.19% | +3.67% | View data |
| 9 | 9 Belgium | 25.68 | 2023 | +4.82% | +5.41% | View data |
| 10 | 10 United Kingdom of Great Britain and Northern Ireland | 23.12 | 2023 |
