Day 2: 13 Nov 2019 - 9:30 – 9:50 AM
Latin America and the Caribbean are important producers of shrimp, both from capture and from aquaculture production. Both types of production have increased during the past decade. Aquaculture production is about double the amount of capture shrimp production. While the region is a net exporter of shrimp, it also consists of some interesting domestic markets for shrimp products. Brazil, which is normally a strong importer of seafood in region, has prohibited any shrimp imports for years, worrying about disease that could enter the country through imported shrimp. As a side effect of this measure, there exists a strong domestic demand for local cultured shrimp. Only in 2018 and 2019, the prohibition of imports was lifted on a case by case basis, first for Ecuador and recently for Argentina. Prices in Brazil are attractive, approximately US$7.50 per kg for head-on vannamei shrimp. Mexico is the main importing country for shrimp in the region (20 000 tonnes in 2018), followed by Chile (9 000 tonnes). China is the top supplier to the Mexican market, followed by Guatemala. For Chile, China is by far the main exporter accounting for two thirds of the market. The presentation will show the apparent per capita consumption of shrimp, as well as market opportunities in Latin America and the Caribbean.