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Fishmeal: top exporters and importers (2024)

In 2024, world trade in fishmeal totaled $6.2 billion (4.1 million tonnes). The top exporters were Peru (26%), Chile (8%) and Denmark (7%); the top importers were China (49%), Norway (7%) and Japan (4%). Compared with 2019, the value rose 31%.

Summary

World trade
$6.2billion
Tonnes
4.1million tonnes
Price per tonne
$1,534
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Peru$1.6 billion · 25.9%
    see destinations
  2. Chile$491 million · 7.9%
  3. Denmark$420 million · 6.8%
  4. Russia$312 million · 5%
  5. Vietnam$300 million · 4.8%
  6. India$271 million · 4.4%
  7. Iceland$246 million · 4%
  8. Thailand$237 million · 3.8%
  9. Norway$232 million · 3.7%
  10. United States$207 million · 3.3%
  11. Morocco$199 million · 3.2%
  12. Mexico$179 million · 2.9%
  13. Ecuador$118 million · 1.9%
  14. Mauritania$100 million · 1.6%
  15. Germany$99 million · 1.6%
  16. Myanmar$91 million · 1.5%
  17. South Africa$89 million · 1.4%
  18. Spain$86 million · 1.4%
  19. Oman$77 million · 1.2%
  20. Ireland$66 million · 1.1%

Top importers

  1. China$3 billion · 49%
    see sources
  2. Norway$439 million · 7.1%
  3. Japan$276 million · 4.5%
  4. Turkey$244 million · 3.9%
  5. United Kingdom$208 million · 3.3%
  6. Taiwan$161 million · 2.6%
  7. Vietnam$145 million · 2.3%
  8. United States$144 million · 2.3%
  9. Greece$116 million · 1.9%
  10. Spain$115 million · 1.9%
  11. South Korea$105 million · 1.7%
  12. Denmark$99 million · 1.6%
  13. Italy$92 million · 1.5%
  14. Germany$91 million · 1.5%
  15. Canada$85 million · 1.4%
  16. Thailand$78 million · 1.3%
  17. Indonesia$58 million · 0.93%
  18. Australia$54 million · 0.87%
  19. France$47 million · 0.76%
  20. Malaysia$42 million · 0.68%

Trend

Who sells it

Peru was the top exporter throughout the period

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

  • Peru 1.6
  • Chile 0.49
  • Denmark 0.42
  • Russia 0.31
  • Vietnam 0.3

Source: CEPII BACI

Show the numbers
Country19952024
Peru0.781.6
Chile0.670.49
Denmark0.230.42
Russia0.040.31
Vietnam< 0.010.3

Price

Implied price

The price per tonne rose 195% since 1995

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

  • 2024: $1,534

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$519
1996$639
1997$633
1998$744
1999$539
2000$449
2001$516
2002$625
2003$575
2004$654
2005$660
2006$915
2007$1,045
2008$990
2009$976
2010$1,424
2011$1,394
2012$1,308
2013$1,542
2014$1,499
2015$1,520
2016$1,442
2017$1,342
2018$1,437
2019$1,345
2020$1,332
2021$1,433
2022$1,553
2023$1,675
2024$1,534

What it includes

Fish and crustacean meal for animal feed.

  • 230120 · subheading of heading 2301: Meat and fish meal

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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