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.
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"]
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"]
On August 14, the company Rianxeira began to operate its new plant for processing fish waste into flour and oil, located in Escuintla.
The industrial complex located at kilometer 97, highway to Puerto Quetzal, Escuintla, will process all types of waste, such as fish heads, skeletons, bones, bone parts and viscera.
A week after suspending operations because of extortion by local criminal groups, Nova Guatemala decided to restart operations on 19 August.
Days ago it was reported that because of the insecurity conditions in the municipality of Champerico, in Retalhuleu, the company had decided to suspend its operation.
The shrimp company Nova Guatemala, which has been operating for more than 20 years in Champerico, Retalhuleu, has been closed since Aug. 12 because of the extortion it suffers from criminal groups.
Representatives of the Guatemalan Association of Exporters (Agexport) reported that the affected company has approached in search of support, but the details of the case are kept confidential.
Integral Fruits & Co., a company of Ecuadorian origin, plans to invest in the country close to $6 million in the construction of two aquaculture farms and the production of different types of fruit.
One of the projects that the company will execute will begin in mid-2020 and consists of the construction of a farm with 64 swimming pools dedicated to the cultivation of tilapia, white shrimp, snapper and cod. This investment will be made in the department of Retalhuleu and the production, which is estimated at about 60 tons per month, will be exported to Asia and Russia.
In Izabal, Guatemala, 178 circular floating cages of 250 square meters each are expected to be built, which will be used to raise fish known as tilapias.
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