Panama: Shrimp Exports Down by 59.9%

Shrimp exports went from $5.1 million in the first two months of 2008 to $2 million in the first two months of 2009.

Thursday, April 30, 2009

The “weak demand” for shrimp in international markets is a product of the global financial crisis and “bank credit restrictions.” They have been among the causes of the drastic decline in exports.

An article in reported: "Despite the negative picture of prospects for the sector, the president of the Panamanian Association of Aquaculture (ASPAC), Hans Hammerschlag, said that shrimp exports are beginning to show a "recovery" from the decline in demand in the European and United States markets."

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Guatemala: Shrimp Exports Decrease by 43%

May 2009

Shrimp exports fell to 5.8 million pounds during the first quarter of this year, 43% less than during the same period in 2008.

The drop in demand for the product in international markets and the decline in international prices, both a product of the global economic crisis, are the main factors behind the sharp drop in exports from an industry had been registering increases of up to 232% percent in sales abroad during the last three years.

New Markets for Nicaraguan Shrimp

May 2009

Given the decline in US demand for Nicaraguan shrimp, the country is exporting to Mexico, France and Taiwan for the first time.

In the period from January to March 2009, sales of marine products rose to $3.9 million. France imported about 105 tons of shrimp and a similar amount of lobsters.

$200 Million in Shrimp Exports

May 2009

In Honduras, shrimp farmers expect to reach a production of 50 million pounds for 2009.

While prices of the larger-sized crustaceans have decreased due to the global crisis, small and medium sized shrimp prices are stable, so expectations for exporting that amount of production are good.

Honduran Shrimp Industry After Chinese Market

September 2012

By sending trade missions to China, participating in exhibitions worldwide and organizing visits to local shrimp plants, the country aims to conquer the Chinese market.

Jacobo Paz, President of the National Aquaculture Association of Honduras (Andah in Spanish) said, "The Republic of China is being viewed as a potential market.

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