Fisheries Sector Loses Competitiveness

Because Nicaragua is charging an additional fee of $0.05 for each kilogram exported or imported by air, fresh fish exporters have increased their costs and become less competitive.

Thursday, May 9, 2019

Last April 25, the International Airport Administration Companies (EAAI) of Nicaragua began to collect the new tax. See "More costs in Times of Crisis".

Javier Sanchez, president of the Chamber of Fisheries of Nicaragua (Capenic), told Elnuevodiario.com.ni that "... Nicaragua sends between 280,000 and 300,000 kilograms of fresh fish by air each month, and the collection of the tax by the government will affect the competitiveness of the sector."

You may be interested in "Price of Fish Preparations Up 38%".

Sanchez added that "... in the case of fishing, not only will the 5 US cents established by the EAAI be paid, but about 1.5 US cents more per kilogram, because fresh fish contains an extra weight, known as "dead weight," due to the ice and packaging of the product."

According to reports from CentralAmericaData, Nicaragua exports between $160 and $170 annually for fish, mollusks and crustaceans.

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More on this topic

Reversal in Air Freight Collection

June 2019

In Nicaragua, authorities reported a decision to suspend collection of the additional fee of $0.05 for each kilogram exported or imported by air.

The extra charge came into effect last April 25, but from the beginning the private sector spoke out against it, because it was argued that the tariff that the Nicaraguan government would apply, would put some local companies on the border of closure and cause a decrease of about $50 million annually.

Fishing and Aquaculture Industry: 2019 Outlook

May 2019

Nicaragua's fishing and aquaculture production in 2019 will be close to 175 million pounds, 6% less than production in 2018.

In the Production, Consumption and Trade Plan for the 2019-2020 cycle, the government expects a 6.4% year-on-year decline, mainly because of the implementation of management and sustainability measures for sea cucumbers, such as the closure of two additional months for all species and the permanent closure for cucumber, Café y Carajo, explains the document.

Fish Exports From Nicaragua Growing

February 2014

In 2013 total production increased by 8% and foreign sales of fish, shrimp , lobsters and seafood, by 28%.

Fish production last year grew by 8%, with farmed shrimp products having the largest increase. Foreign sales of fish, shrimp, shellfish and lobsters reported a 28% increase compared to 2012, going from $192 million to $246 million at the end of 2013, according to statistics from the Center for Exports.

Contrasts in Costa Rican Fishing Industry

July 2013

Beyond the overall growth of the sector, fisheries managers say that they are being held back by the high price of fuel and electricity, and high interest rates.

Figures from the Foreign Trade Promotion Office (Procomer) reveal that between January and May three of the four major fishery products increased their exports compared to 2012, fresh or frozen fish grew by 22.46%, tuna 16.59 % and shrimp 59.71% while fish fillets decreased by 5.88%.

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