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 Laestrella.com.pa 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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More on this topic

Nicaragua: Shrimp Exports On the Rise

November 2017

Between January and September, sales of shrimp abroad totaled $32 million, registering an increase of almost 30% compared to the same period in 2016.

Figures from the Central Bank show sustained growth of exports by the fishing sector, particularly those of farmed and sea shrimp.

Good Prospects for the Shrimp Industry

July 2017

The Honduran aquaculture industry recorded a 14% increase in shrimp exports in the first half compared to the same period in 2015, and attributed the result to an improvement in productivity.

Figures from the National Association of Aquaculture Producers in Honduras (Andah) indicate that between January and June the volume exported was 23.9 million pounds, up from the almost 21 million pounds exported in the same period in 2016.

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.

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