A global industry
Export
Fishmeal and fish oil are in high demand worldwide and known for their important role in animal feeds, commanding a substantial international market. Notably sought after by countries such as Norway and various Asian nations, these high-value commodities contribute immensely to Denmark’s economic landscape. The Danish fishmeal and fish oil industry plays a pivotal role in the global market, annually acquiring fish worth approximately 1.5 billion DKK. This not only sustains a lucrative industry but also adds significant value through the docking of foreign vessels in Denmark.
In the year 2023, the export of fishmeal reached 50 countries, amassing an impressive value of 2.11 billion DKK. Simultaneously, fish oil, exported to 40 countries and held a substantial value of 2.76 billion DKK during the same period. Denmark’s expertise in this industry was further exemplified in 2020, as it ranked as the world’s third-largest exporter of fishmeal and the second-largest exporter of fish oil.
Remarkably, fishmeal and oil constitute a substantial portion of Denmark’s total fish product export, accounting for 22% of its overall value. This not only highlights the economic importance of the industry but also emphasizes its strategic position in contributing to Denmark’s international trade success. Please download our export factsheet for more details
The table provided illustrates the key countries pivotal to the export of Danish fishmeal and fish oil over the last five years.