Ecuador: Peeled shrimp and its tail underpin this year's sales

Published 2022년 8월 4일

Tridge summary

Ecuador has seen a doubling of its shrimp processing capacity in the past three years, leading to a 58% increase in revenue to $3,292 million in the first half of this year. The growth is largely driven by the sale of peeled and tailed shrimp, with the US market experiencing a 40% rise in sales. Thailand's reopening of its market to Ecuadorian shrimp has also contributed to this growth. In contrast, banana sales have declined by 6.20% in the same period. However, the outlook for the second half of the year is uncertain due to factors such as the weaker euro in Europe and high inflation in the US.

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Original content

In the last three years, Ecuador has doubled its shrimp processing capacity. The investment that the industry made years ago, for the expansion of spaces and the acquisition of cooling equipment, has allowed it to consolidate its value-added offer, the item that underpinned the more than 1,126 million pounds sold during the first half of the year; which meant $3,292 million in billing, 58% more if compared to the same period last year. "The highest growth rate is concentrated in the peeled and tailed shrimp, not so much in the whole as it used to be," explains José Antonio Camposano, president of the National Chamber of Aquaculture (CNA), explaining the successful result. of the sector, already consolidated as the country's largest source of non-oil export revenue. This type of product, he says, is allowing them to continue growing in other markets such as the United States, where sales up to June rose 40%, after receiving more than 200 million pounds. And while China remains the ...

Source: Expreso