Shrimp in Peru
After scallops, shrimp are Peru’s most important aquaculture export commodity. El Niño effects in 1998, white spot outbreaks in 1999 and reduced profitability due to a drop in international prices in the 2000’s inflicted massive blows to the Peruvian shrimp sector. Nevertheless, the sector recovered and experienced a tremendous growth between 2005 and 2017, with exports increasing from 35.4 million US$ to 216 million US$ in 2017 (Trademap, 2018). During the recovery, producers intensified and modernized their production systems and invested in aspects such as infrastructure, technology and management to reduce their risks. Nowadays, Peru’s production has stabilized around 21,000 – 23,000 MT, but the sector still doesn’t have the massive production capacity like Ecuador, as aquaculture expansion is limited. Large companies like Marinazul are therefore running trials and converting to intensive culture systems to boost production. 22 Medium and large corporate farms are responsible for the majority of shrimp exports, while 50 small-scale farmers mainly produce for the domestic market; the latter taking up 10% of total exports. In March 2016 the Peruvian government has issued a new General Law on Aquaculture, which aims to further stimulate, guide, and regulate sustainable aquaculture.