
World - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Global Fish Fat and Oil Production Increased Threefold Over Past Decade
IndexBox has just published a new report: 'World - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Global Fish Fat and Oil Production
From 2010 to 2020, global production of fish fat and oil rose from 4M tonnes to 11M tonnes. In value terms, production expanded significantly from $6.5B to $16.7B estimated at export prices. The total output value increased at an average annual rate of +2.8% from 2010 to 2020.
Norway (6.8M tonnes) constituted the country with the largest volume of fish fat and oil production, accounting for 60% of total volume. Moreover, production in Norway exceeded the figures recorded by the second-largest producer, China (623K tonnes), more than tenfold. The third position in this ranking was occupied by the U.S. (393K tonnes), with a 3.5% share.
From 2010 to 2020, the average annual growth rate of volume in Norway totalled +46.3%. In the other countries, the average annual rates were as follows: China (+2.9% per year) and the U.S. (+2.2% per year).
Global Fish Fat and Oil Exports
In 2020, shipments abroad of fish fats and oils increased by 6.3% to 1.1M tonnes, rising for the fourth year in a row after two years of decline. In value terms, supplies rose remarkably to $2.3B (IndexBox estimates).
The shipments of the five major exporters of fish fats and oils, namely Denmark, Peru, Norway, Chile and the U.S., represented more than half of total exports. Morocco (45K tonnes), Iceland (36K tonnes), Mexico (32K tonnes), China (28K tonnes), Mauritania (26K tonnes), France (24K tonnes), the Netherlands (23K tonnes) and Belgium (20K tonnes) took a little share of total volume.
In value terms, Peru ($366M), Denmark ($304M) and Norway ($206M) were the countries with the highest levels of exports in 2020, together comprising 38% of global supplies. Chile, the U.S., China, Iceland, Morocco, the Netherlands, Mexico, France, Belgium and Mauritania lagged somewhat behind, together accounting for a further 41%.
The average fish fat and oil export price stood at $2,184 per tonne in 2020, with an increase of 1.8% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was China, while Mauritania was amongst the lowest. From 2010 to 2020, the most notable rate of growth in terms of prices was attained by Iceland, while the other global leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the global market for fish fat and oil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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