Industry Sector Analysis: The Honduran Shrimp and Fish Industry

摘要

Seafood production in Honduras has grown at an average annual rate of 12.9% in volume terms since 1986. The growth is primarily the result of new investment in aquaculture (shrimp farming), but fish production has also increased. The trend is expected to continue in the next two years due to the continued availability of land resources for shrimp farming and the initiation of new fishing ventures off the country's Caribbean coast. Once all the exploitable area for aquaculture is fully utilized, shrimp farming alone is expected to generate about $100 million per year in hard currency in addition to the income generated by the shellfish and other fishing activities off the Caribbean coast. The report describes and analyzes the current status of the Honduran seafood industry to determine investment opportunities in aquaculture and to quantify the market potential for the sale of equipment related to both aquaculture and open sea fishing.