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"]
Since March, when the first cases of covid-19 were detected and consumption patterns began to change, interest in seafood rebounded in all markets in the region and by the end of August the volume of interactions associated with the issue continued to rise.
Through a system that monitors changes in consumer interests and preferences in Central American countries in real time, developed by CentralAmericaData, it is possible to project short and long-term demand trends for the different products, sectors and markets that operate in the region.
The growing uncertainty about the safety of seafood products exported from China, one of the world's leading producers, could represent an opportunity for Central American countries to gain some insight into the global market.
In this context of new commercial reality, the retail channel will continue to be the main demander in the short term for products that are easy to prepare such as tilapia, salmon, trout, shrimp and others with which consumers feel more comfortable cooking at home.
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.
Camanica Zona Franca S.A., Agromania Rio Morote S.A. and Premezclas Latinoamericanas S.A., are part of the companies that in 2019 participated in the business of importing shrimp feed in the region.
The market study "Food for Shrimp in Central America", prepared by the Trade Intelligence Unit of CentralAmericaData, details the main figures of the shrimp food import business and exports of the seafood in question.
The marketing of organic shrimp, vegetable meat, Monk Fruit and carob are some of the innovative market opportunities that Guatemalan exporters have identified for this year.
For the "Best Markets, Products & Services 2020 Study", prepared by the Market Development and Trade Promotion Department of AGEXPORT, 27 high potential markets for Guatemalan products and services exports were selected, identifying 18 countries and 9 states of the United States, which together with the 351 tariff items generate more than 900 commercial opportunities for the Guatemalan exportable supply and international markets, informed the sector's union.
From January to June 2019, companies in Central American countries exported frozen shrimp and prawns for $116 million, and sales to the United Kingdom grew by 19% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
Honduran producers estimate that at the end of 2019 the volume traded abroad will register a reduction of six million pounds compared to what was reported in the previous year.
Directors of the National Association of Aquiculturists of Honduras (Andah), explained that one of the factors that has affected the sector are the low prices that are recorded internationally.
From January to March 2019, companies from Central American countries exported frozen shrimp and prawns for $59 million, and sales to the United Kingdom grew 39% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]
In the first two months of the year, shrimp sales from Honduras abroad totaled $35 million, surpassing the $29 million recorded in the same period in 2018.
Figures from Honduran businessmen detail that between the first two months of 2018 and the same period of 2019, the volume exported increased from 9 million pounds to 11 million pounds.
Victor Wilson, president of the National Association of Honduran Aqua culturists, told Elheraldo.hn that "... the export goal of 58.5 million pounds by 2019 is maintained. In 2018, exports totaled $216.5 million."
In the first nine months of last year, Central American countries exported frozen shrimp and prawns for $321 million, 17% more than in the same period in 2017.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
Between February 2016 and June 2018, the average price of Central American exports of prepared and preserved fish increased 38%, from $3.72 to $5.13 per kilo.
Figures from the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
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