Ecuador Fish Oil Market Insights
Ecuador fish oil export quantities
In 2019 Ecuador shipped 4,419 tonnes of fish oil. In 2019 alone, the demand for Ecuador fish oil (processed category) has reduced, flactuating by -42.707 percent compared to the year 2018. Between 2017 and 2019, fish oil's exports decreased by -68.84% bringing Ecuador US$6.83m for the year 2019. Ecuador's fish oil exports are categorised as:
- Fats and oils of fish and their fractions, whether or not refined (excluding liver oils and chemically modified) (HS code 150420)
- Fats and oils and their fractions of marine mammals, whether or not refined (excluding chemically modified) (HS code 150430)
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Ecuador fish oil export values
In 2019, Ecuador supplied fish oil valued at 6.83m USD, a decrease of -46.43% from 2018's total fish oil export of 12.749m USD. The yearly change in value of Ecuador fish oil between 2017 to 2018 was -38.624 per cent.
The yearly variation in the volume of Ecuador's fish oil exports between 2017 and 2019 was -68.84% when compared to a variation of -42.707% in the growth rate between 2018 and 2019.
Ecuador's share of the world's total fish oil's exports in 2019 was less than 1%. The country holds number 23 in world exports of fish oil.
Export markets for Ecuador fish oil ( in '000$ )
Import/Export Trends
Ecuador is a net exporter of fish oil. The annual growth of Ecuador fish oil in value between 2015 to 2019 was 21%, per annum, while annual growth in quantity was 22%, per annum.
Ecuador procured 3,709 tonnes of fish oil in 2019.