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.
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.
Fish which undergoes long-term processing such as canned fish, seafood and prepared fish dishes represents 52% of the retail market for processed fish, followed by frozen and refrigerated fish.
From a statement issued by the Foreign Trade Promotion Office of Costa Rica (PROCOMER):
According to the Ministry of Agriculture and Agri-Food in Canada (AAFC), the seafood market in Canada increased from $2.8 billion (684.200 tons) in 2009 to $3.8 billion (709.100 tons) in 2013 and it is expected that demand will continue to increase as Canadians include fish and seafood as a regular part of their healthy diet. It is also expected that prices will increase by over 40% in 2016 compared to 2009.
85% of the seafood consumed by Americans is imported, with shrimp, freshwater fish fillets and crab having the largest volume of all such goods imported from abroad.
From a statement issued by the Costa Rican Foreign Trade Promotion Office:
Some time ago, the USA depended only on shellfish fished on its coasts, the state of New York was famous for its oysters and Louisiana and Mississippi for its prawns, but things have changed.
Previously unthinkable export deals are now possible thanks to the soaring consumption levels of the Chinese.
An article by Amafredo Castellanos in Revistamyt.com reviews the success of Guatemala's Acuamaya, one of the largest shrimp companies in the region, which has already begun to export shrimp to China.
"... Selling seafood to China, or coffee, may sound like a joke.
A decline in farmed shrimp production in Mexico could generate opportunities in Europe, America, and Japan for regional producers.
From an article by the Costa Rican Foreign Trade Promotion Office (PROCOMER):
Producers of shrimp raised in farms in Sinaloa are facing a serious illness, which has already caused a high mortality rate and millions in economic losses.
In the past two years six cooperatives producing farmed shrimp improved their production by 175%, and entered the European market.
From an article by the Costa Rican Trade Promotion Office (PROCOMER):
As a result of a project initiated by the Enterprise and Employment Programme, part of the U.S. Agency for International Development (USAID), six cooperatives of shrimp farmers in Nicaragua, located in the Estero Real, Chinandega, improved their production by 175% and entered the European market in the past two years.
Fishery and aquaculture products are to have specific rules on labeling, which will apply to both locals and imported foods.
From an article by the Costa Rican Trade Promotion Office (PROCOMER):
The 27 member states and the European Parliament (EP) have reached an agreement on the implementation of a Common Market Organization for fishery and aquaculture products (CMO), which includes specific rules that in regards to labeling local and imported products.
The EU has launched the European Market for Fisheries and Aquaculture, an interactive website which will collect updated information on the volume, value and price of seafood.
From an article by the Costa Rican Trade Promotion Office (PROCOMER):
The Brussels Seafood Fair, one of the most important trade events for the sector in Europe, was the location chosen by the European Commission (EC) to present its new Web tool, the European Market Observatory for Fisheries and Aquaculture (EUMOFA), a new interactive website and available to collect updated information on the volume, value and price of seafood along the entire value chain, from landing to the point of sale.
Research on consumer trends points to the need to provide more added value to products from the fisheries and aquaculture sector.
A statement from the Costa Rica Trade Promotion Office (PROCOMER) reads:
Experts point to the need to provide more added value to fishery and aquaculture products
Industry experts noted during a fishing and aquaculture conference entitled "How will we eat fish in the future? Food technologies and development of aquatic products " which took place in the Basque Culinary Center, in Spain, the need to provide greater value to their products through diversification of supply, new presentations and services tailored to consumer demands.
Price is the determining factor when buying shrimp in the U.S., and is even more important than the country of origin.
A statement from the Costa Rican Trade Office:
Price is the determining factor for the U.S. when buying shrimp
Price is the determining factor when buying shrimp in the U.S., more so than the country of origin, according to new research from the Department of Agriculture in this country.
The signing of EU Association brings up the outstanding issue of export quotas for the allocation of tuna and beef from Central American countries.
The agreement establishes a quota of 4 metric tons (TM2) for tuna and 9,500 tons for beef, with an annual increase of 475 tons. At the time Central America has yet to resolve internally how to allocate such quotas.
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786