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May 15, 2015

Peru

Shrimp Exports Down in the First Quarter of 2013

 

According to the Peru’s Association of Exporters (ADEX), in the first quarter of 2015, Peru exported $34.1 million worth of shrimp, 29.7 percent less than the first quarter of 2014, due to lower demand from the United States.

 

The USA market accounted for 63.3 percent of Peru’s shrimp exports, worth $21.6 million.

 

In Spain, Peru’s second largest market, shrimp imports dropped 6.1 percent to $6.1 million.

 

On the positive side, France increased its imports of Peruvian shrimp by 231 percent to $3.7 million.  Canada, the Republic of Korea, Saudi Arabia, Italy, Mexico and Japan also imported some shrimp from Peru.

 

Another factor that led to the fall in demand for Peruvian shrimp was the recovery of shrimp production in other shrimp farming countries, like Vietnam, Mexico and Thailand, which were affected by early mortality syndrome (EMS) in 2014.

 

Peru’s most popular product, according ADEX, was uncooked, shell-off tails worth $20.1 million and whole, frozen shrimp worth $7.4 million.

 

Tumbes was the main producing region, with 80.3 percent of production.

 

The following Peruvian companies all increased their exports: Corporacion Refrigerados INY, Eco Acuicola, Virazon, Marinazul, La Fragata, Inversiones Prisco and Ccoral SA.

 

Source: Fis.com.  US Reduced Shrimp Demand Causes Drop In Exports.  May 13, 2015.

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