Fats and oils and their fractions: of marine mammals

In 2024, fats and oils and their fractions: of marine mammals trade exhibited strong growth, with global flows reaching $4,880,033 and a three-year compound annual growth rate of -31.3% (five-year: -4.1%). The all-time peak of $17,550,377 was recorded in 2014; the current level is 72% below that high-water mark.

Over the 30-year observation window (1995–2024), 45% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is decelerating (-19.3% acceleration).

The World Trade Flows Characterization classifies fats and oils and their fractions: of marine mammals 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 0.110). The three largest exporters — China ($3.6M), South Africa ($2.5M), and Iceland ($2.1M) — collectively dominate supply flows. The leading exporter has grown at -85.5% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.091). The three largest import markets are Canada ($717.0K), Norway ($709.6K), and United States ($670.3K). The largest importing market sources from 5 different supplying countries.

Estimated substitution elasticity: -10.99. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → United Kingdom at $3.1M, representing 98.6% of the importer's total demand.

The volatility score for fats and oils and their fractions: of marine mammals is 24 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, strong demand tailwinds create a favourable entry environment. 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.