Fats and oils and their fractions: of fish, (excluding liver-oils)

In 2024, fats and oils and their fractions: of fish, (excluding liver-oils) trade exhibited modest growth, with global flows reaching $4,304,880,584 and a three-year compound annual growth rate of +23.9% (five-year: +17.4%). The all-time peak of $4,304,880,584 was recorded in 2024.

Over the 30-year observation window (1995–2024), 69% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is strengthening (+14.6% acceleration).

The World Trade Flows Characterization classifies fats and oils and their fractions: of fish, (excluding liver-oils) as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.066). The three largest exporters — Peru ($667.2M), China ($464.2M), and Denmark ($384.2M) — collectively dominate supply flows. The leading exporter has grown at +5.5% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.082). The three largest import markets are Norway ($921.5M), China ($440.1M), and United States ($332.1M). The largest importing market sources from 41 different supplying countries.

Estimated substitution elasticity: -1.96. Buyers tend to remain with established suppliers even when price differences exist.

The dominant trade corridor is Denmark → Norway at $309.0M, representing 33.5% of the importer's total demand.

The volatility score for fats and oils and their fractions: of fish, (excluding liver-oils) is 16 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, modest but steady demand provides a reasonable entry window. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.