# 2024 fishmeal exports bounce back, China dominates imports, fish oil trade declines

> FAO reports that global fishmeal production fell 23% and fish oil output 21% in 2023 due to poor Peruvian anchoveta catches. Recovery in 2024 as El Niño weakened lifted Peruvian fishmeal exports, with China taking about 40% of global fishmeal imports.

- Date: 2025-03-24 · published 2025-03-24T12:00:00.000Z
- Category: report · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/25483-2024-fishmeal-exports-bounce-back-china-dominates-imports-fish-oil-trade
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Stronger Peruvian supply has eased fishmeal tightness versus 2023, which is bearish for fishmeal prices, though exports remain below 2022 levels.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- fao.org: https://fao.org/in-action/globefish/news-events/news/news-detail/2024-fishmeal-exports-bounce-back--china-dominates-imports--fish-oil-trade-declines/en
- fao.org: https://www.fao.org/in-action/globefish/news-events/news/news-detail/2024-fishmeal-exports-bounce-back--china-dominates-imports--fish-oil-trade-declines/en

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.