In 2023, Peru dominated the global fish meal export market with a substantial share of 36.99 thousand metric tons. Vietnam and Chile followed at considerable distances, with exports of 9.08 and 7.57 thousand metric tons, respectively. Notably, Iceland and Russia experienced significant year-on-year growth, at 11.33% and 10.76%. Conversely, the United States faced a decrease of 3.58% in its exports, equivalent to Japan's decline. The Philippines saw a remarkable surge, leading the growth rate with a 20.11% year-on-year increase.
Looking ahead, watch for continued growth in emerging markets like Vietnam and Russia, and monitor potential fluctuations in traditional exporters like the United States, as geopolitical and environmental factors may impact future outputs. This dynamic sector will likely continue evolving with shifts in demand and supply chains globally.
Top countries in Fish Meal Export Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Peru | 36.99 | 2023 | +37.5% | +0.69% | View data |
| 2 | 2 Vietnam | 9.08 | 2023 | -3.57% | +9.57% | View data |
| 3 | 3 Chile | 7.57 | 2023 | -8.16% | +3.12% | View data |
| 4 | 4 Morocco | 5.38 | 2023 | -3.03% | +0.38% | View data |
| 5 | 5 United States | 4.71 | 2023 | 0% | -3.58% | View data |
| 6 | 6 Thailand | 4.37 | 2023 | -13.33% | +3.78% | View data |
| 7 | 7 Iceland | 4.37 | 2023 | 0% | +11.33% | View data |
| 8 | 8 Russia | 4.2 | 2023 | 0% | +10.76% | View data |
| 9 | 9 Mexico | 3.7 | 2023 | -24.14% | +2.76% | View data |
| 10 | 10 Norway | 2.35 | 2023 | 0% | +3.13% | View data |
