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Fish oil and marine fats: top exporters and importers (2024)

In 2024, world trade in fish oil and marine fats totaled $4.5 billion (1 million tonnes). The top exporters were Peru (15%), Chile (9%) and China (8%); the top importers were Norway (23%), China (9%) and Chile (7%). Compared with 2019, the value rose 103%.

Summary

World trade
$4.5billion
Tonnes
1million tonnes
Price per tonne
$4,298
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Peru$696 million · 15.4%
  2. Chile$419 million · 9.3%
  3. China$342 million · 7.6%
  4. Denmark$339 million · 7.5%
  5. United States$337 million · 7.5%
  6. Norway$313 million · 6.9%
  7. Iceland$230 million · 5.1%
  8. Mexico$222 million · 4.9%
  9. Vietnam$156 million · 3.5%
  10. Morocco$134 million · 3%
  11. France$119 million · 2.7%
  12. Australia$89 million · 2%
  13. Panama$87 million · 1.9%
  14. Oman$83 million · 1.9%
  15. Germany$68 million · 1.5%
  16. Spain$63 million · 1.4%
  17. Japan$60 million · 1.3%
  18. South Africa$59 million · 1.3%
  19. Mauritania$48 million · 1.1%
  20. Turkey$46 million · 1%

Top importers

  1. Norway$1 billion · 22.5%
  2. China$390 million · 8.6%
  3. Chile$332 million · 7.4%
  4. United States$305 million · 6.8%
  5. Denmark$266 million · 5.9%
  6. United Kingdom$252 million · 5.6%
  7. Canada$223 million · 5%
  8. Turkey$178 million · 3.9%
  9. France$154 million · 3.4%
  10. Australia$121 million · 2.7%
  11. Belgium$120 million · 2.7%
    re-exports
  12. Netherlands$107 million · 2.4%
    re-exports
  13. Spain$105 million · 2.3%
  14. Iceland$81 million · 1.8%
  15. Greece$77 million · 1.7%
  16. Singapore$73 million · 1.6%
    re-exports
  17. Germany$68 million · 1.5%
  18. Japan$50 million · 1.1%
  19. Italy$42 million · 0.93%
  20. Brazil$38 million · 0.84%

Trend

Who sells it

Peru has been the top exporter since 2024

Value in USD millions. The five largest exporters in 2024.

  • Peru 696
  • Chile 419
  • China 342
  • Denmark 339
  • United States 337

Source: CEPII BACI

Show the numbers
Country19952024
Peru95.8696
Chile74.6419
China0.44342
Denmark50.2339
United States48.3337

Price

Implied price

The price per tonne rose 821% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $4,298

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$467
1996$524
1997$614
1998$856
1999$479
2000$368
2001$501
2002$740
2003$764
2004$859
2005$952
2006$1,095
2007$1,241
2008$1,975
2009$1,264
2010$1,499
2011$1,851
2012$2,001
2013$2,347
2014$2,276
2015$2,132
2016$2,117
2017$1,991
2018$2,079
2019$2,005
2020$2,115
2021$2,226
2022$2,929
2023$3,878
2024$4,298

What it includes

  • 1504 · Fish oil and marine fats

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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