In the first nine months of 2024, cumulative fishmeal production increased by almost 23% compared to the same period in 2023*. The significant year-on-year increase of the Peruvian cumulative supply was the main factor behind such positive trend, since the rest of the regions analysed in this report reported a decline compared to January-September 2023.
In Peru, which historically has represented on average 20% of the global fishmeal and fish oil production, almost 20% of the 2.51 million-mt quota has, to date, already been fulfilled in the North-Centre region since the fishing season started on 1st November.
When it comes to fish oil, total cumulative output through September 2024 was nearly unchanged, showing just a 1% increase year-over-year. This modest growth was primarily driven by the increased output from Peru almost totally offset by declines in cumulative production from all other regions.
* These data are based on statistics shared by IFFO’s membership, which accounts for 55% of global marine ingredients production (Peru, Chile, Denmark / Norway, Iceland / North Atlantic, USA, African countries, Spain).
