From January to June 2020, companies from Central American countries exported frozen shrimp and prawns for $60 million, and sales to the United Kingdom grew by 36% compared to the same period in 2019.
Figures from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
Because in today's business reality many people prefer to spend more time at home and cook their own food, the demand for easy-to-prepare processed seafood has grown.
At a global level, changes in consumer behavior have been reported, because of the quarantines decreed in several countries of the world by the outbreak of covid-19, people's habits, tastes and preferences have been changing.
From January to March 2020, companies from Central American countries exported frozen shrimp and prawns for $60 million, and sales to Taiwan grew by 56% compared to the same period in 2019.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
During the first half of 2020, shrimp exports to Taiwan totaled 7.8 million pounds, a volume that is 75% higher than that reported for the same period in 2019.
Figures from the National Association of Aquaculture Producers of Honduras (Andah) show that the Taiwanese market is one of the most consolidated in recent years, since between the first half of 2019 and the same period of 2020, exports of Honduran shrimp to that destination increased by 3.36 million pounds, from 4.44 to 7.79 million pounds.
Nearby CIFCO, in San Salvador, is a sales point that, at a distance of 15 minutes walking, holds a captive market of 23 thousand people who together spend $6.5 million, and of them, 10% show interest in seafood.
In CentralAmericaData we developed a geomarketing tool based on interactive maps, through which you can identify where people are and what characteristics they have as consumers. The map incorporates, for any Central American country, the variables population, income, average monthly expenditure and consumer interests. With this information, it is possible to identify potential clients and define promotional strategies accordingly, or also explore home delivery times from any sales point.
During the first month of the year, Nicaraguan seafood exports totaled $16.7 million, 19% less than what was reported in the same month in 2019, a situation explained by the decline in demand from Asia and the U.S., important destinations for this sector.
According to data from the Center for Export Processing (Cetrex), between January 2019 and the same month of 2020 exports of seafood products recorded a fall of $ 4 million, from $ 16.7 million to $ 20.7 million.
In the first half of the year, Central American countries exported frozen shrimp and prawns for $207 million, 53% more than during the same period in 2017.
Figures from the information system on the frozen shrimp and prawns market in Central America complied by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
In the first quarter of the year, Central American countries exported $90 million worth of frozen shrimp and langoustine, which is 76% more than in the same period in 2017, mainly due to sales to the US and Taiwan.
Figures from the information system on the Market for Frozen Shrimp and Langoustine in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
Between January and March, sales abroad totaled $16 million, which is equivalent to an 86% increase with respect to exports registered in the same period in 2017.
The increase registered during the first months of the year is explained by an increase in the volume sold coupled with an increase in the average price, which rose from $4.1 per kilogram recorded in the first quarter of 2017, to $6 per kg reported in the same 2018 period.
In 2017, the value of Central American sales of fish, molluscs and crustaceans to companies in Mexico amounted to $69 million, 19% more than was exported in 2016.
Figures from the information system on the the Market for Fish, Molluscs and Crustaceans in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
Between January and September of 2017, Central American countries exported $275 million worth of frozen shrimp and langoustine, 22% more than in the same period in 2016.
Figures from the information system on the Market for Shrimp and Frozen Langoustine in CentralAmerica compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graph"]
With a bill to incentivize development of the sector and other measures to provide facilities to farmers, the government aims to boost the growth of aquaculture in the country.
From a statement issued by the Costa Rican Foreign Trade Promotion Office (Procomer):
The Ministry of Production of Peru announced a series of measures aimed at laying the foundations for sustainable development and launching aquaculture within the framework of the implementation of the National Plan for Productive Diversification.
The Central Cruise Summit 2015 will be held in El Salvador, from 13 to 15 May, where it is expected that 15 corporations from the Florida Caribbean Cruise Association will be involved.
The Salvadoran Chamber of Tourism (CASATUR) hopes to have the participation of 30 union members who will be publicizing various tour packages offered by shipping lines.
Sales of shrimp, shrimp larvae, fish meal and fish oil saw the largest growth out of total exports from the country in the first half of 2014.
Between January and June exports from fisheries and the aquaculture industry were those that showed the best performance, well above traditional goods such as watermelon and pineapple, whose foreign sales decreased by 4% and 24% respectively, compared with the same period in 2013.
In 2013, foreign sales increased by 85% compared to 2012, generating foreign exchange earnings of $76 million.
The growth in demand from Asian countries coupled with the rise in international prices explain the sharp increase in shrimp exports from Panama, which is now seeking to increase its presence in new markets.
"It is also looking to increase its presence in the U.S.