Peruvian Seafood Exports double in 2018
In the first few months of 2018, Peru exported 80% more seafood than in 2017, with this trend expected to continue. Hake and giant squid fisheries were the main drivers. Trout, scallops, and shrimp exports…
Trout production, which takes place in lakes and rivers in the Andes Mountains, is responsible for one quarter of Peru’s total aquaculture production. Production has shown a tremendous growth of almost tenfold in less than twelve years, from 5,475 tonnes in 2005 to 56,958 tonnes in 2017, with the potential to grow even further under the right conditions (Oxford Business Group, 2017). The main trout producers are large-scale enterprises, but hundreds of small unregistered farmers also exist. There are currently only two large companies that are exporting trout, with export volumes that are less than 5 percent of the national production. Other farmers and companies solely produce for the domestic market. Peru still doesn’t have a massive farming and production capacity like Chile or Turkey.
Moreover, Chile is much more advanced regarding processing. Nevertheless, as Peru is producing smaller quantities they are more flexible towards customers’ requirements than their Chilean and Turkish counterparts. For example, butterfly cut fillets (pin bones out) or mixed containers are hard to find in Chile and/or Turkey, but Peru can do it. The majority of production occurs on Lake Titicaca, which borders with Bolivia. Due to the immense surface of Lake Titicaca, illegal trade of trout occurs between Peru and Bolivia as the Health Department of Peru is much more demanding than their Bolivian colleagues. In addition, social protest are emerging against aquaculture activities on the lake in regard to environmental and visual pollution negatively affecting tourism, which have led to revoking trout farming concessions on the lake in 2015.