China leads the global fish meal supply in 2024 with a 24.91 thousand metric tons share, followed by Peru at 13.02 thousand metric tons. Notable contributors include Vietnam (7.94), Norway (4.8), and Thailand (4.79). In 2023, China showed a robust 4.04% increase, while Japan reported a notable decrease of -2.24%. Iceland and Malaysia experienced substantial growth, with 7.87% and 8.45% increases respectively. Canada and Colombia saw slight declines. The Compound Annual Growth Rate (CAGR) over the last five years indicates progressive changes in the fish meal supply by country.
Future trends to watch for include the potential for increased supply from China, Peru, and Vietnam, given their historical growth. Malaysia and Iceland also show promising growth trajectories. Monitoring the stability in the US and Japan markets will be essential due to their slight fluctuations. Sustainability practices and global demand shifts are crucial factors influencing future supply dynamics.
Top countries in Fish Meal Supply 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 |
