In the 2023 fish meal distribution market, China led with a significant share of 24.91 thousand metric tons, exhibiting a 4.04% year-on-year growth. Peru followed at 13.02 thousand metric tons, slightly increasing by 1.11%. Vietnam and Norway maintained moderate growth, whereas Japan saw a decline of 2.24%. Iceland and Malaysia experienced notable growth surges, at 7.87% and 8.45% respectively. Meanwhile, Canada and Colombia faced slight declines, highlighting regional disparities. Over the past five years, the market has showcased diverse dynamics and shifts in global supply and demand patterns.
Future trends to watch include China's continuous expansion, driven by increasing domestic demand and enhanced aquaculture practices. Additionally, Southeast Asian markets like Indonesia are expected to show promising growth, bolstered by sustainable fishery practices. Environmental concerns could impact production in traditional strongholds like Peru and Chile, possibly altering distribution dynamics globally.
Top countries in Fish Meal Distribution Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 24.91 | 2023 | +7.39% | +4.04% | View data |
| 2 | 2 Peru | 13.02 | 2023 | +34.79% | +1.11% | View data |
| 3 | 3 Vietnam | 7.94 | 2023 | +1.46% | +0.41% | View data |
| 4 | 4 Norway | 4.8 | 2023 | -3.45% | +0.19% | View data |
| 5 | 5 Thailand | 4.79 | 2023 | +3.71% | +0.98% | View data |
| 6 | 6 Chile | 4.57 | 2023 | -2.44% | +0.46% | View data |
| 7 | 7 Japan | 4.38 | 2023 | -2.05% | -2.24% | View data |
| 8 | 8 United States | 3.85 | 2023 | -0.88% | +1.1% | View data |
| 9 | 9 Morocco | 2.06 | 2023 | -2.7% | +0.91% | View data |
| 10 | 10 Russia | 1.86 | 2023 | 0% | +0.25% | View data |
