Once again, Denmark played a pivotal role, generating 44% of the EU\u2019s total. The report also notes that the raw materials for high-quality production often come from small, oily fish like blue whiting, capelin, and sprat.<\/p>\n
\u00a0<\/p>\n
Evolving Trade Dynamics<\/p>\n
Despite its strong production, the EU remains a net importer of fishmeal. However, trade patterns have undergone a major transformation.<\/p>\n
Between 2014 and 2024, EU fishmeal imports fell by 41%. This was largely driven by a massive 93% drop in imports from Peru, which once supplied 167,000 tonnes but now provides just 9,500 tonnes. As a result, new suppliers such as Morocco, Norway, and South Africa have emerged as key partners.<\/p>\n
For fish oil, imports decreased by 28%, but their value increased by 58%. This indicates a market that is moving towards higher-value products.<\/p>\n
While the EU\u2019s fish oil exports dropped slightly by 6%, the trade deficit narrowed to just 7,000 tonnes in 2024, and the EU achieved a positive trade balance of \u20ac50 million. The main destinations for these exports were Norway (77%) and the UK (15%).<\/p>\n
\u00a0<\/p>\n
Market Drivers and Future Outlook<\/p>\n
The study highlights that EU fish oil prices, adjusted for inflation, have surged by an average of 117% over the last 12 years, while fishmeal prices have increased by 3%. These price fluctuations are largely influenced by global production, especially from South America.<\/p>\n
The demand for high-quality protein and omega-3 fatty acids in aquaculture, pet food, and dietary supplements continues to drive market growth.<\/p>\n
However, the industry faces challenges, including unpredictable supply due to changing ocean conditions and stricter fishing quotas.<\/p>\n
Looking forward, the report emphasizes that continued innovation in using by-products and exploring new protein sources, such as insects and algae, will be key to the long-term success of the fishmeal and fish oil sector.<\/p>\n","protected":false},"excerpt":{"rendered":"Once again, Denmark played a pivotal role, generating 44% of the EU\u2019s total. The report also notes that…\n","protected":false},"author":2,"featured_media":413454,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[2000,299,5187],"class_list":{"0":"post-413453","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-eu","9":"tag-europe","10":"tag-european"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115180717062091744","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/413453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=413453"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/413453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/413454"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=413453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=413453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=413453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}