Fernando Villamizar, President of the Western Shrimp Producers Association in Venezuela, is optimistic about the growth of shrimp exports, projecting a significant increase to 100 thousand tons for the current year.

In a recent statement, Villamizar attributed this positive outlook to the noteworthy performance of the shrimp industry in 2023, which witnessed an impressive surge of almost 28% in shrimp exports.

Aiming for 600,000 Tons by 2030

Looking ahead, Villamizar envisions a substantial expansion of the shrimp industry, foreseeing a remarkable achievement of 600,000 tons by the years 2029 to 2030.

Expressing confidence in the sector’s potential, the association leader emphasized their commitment to sustained growth and development.

Fueling the Shrimp Sector

Highlighting the importance of the shrimp sector, Villamizar disclosed that approximately 4 million liters of diesel are consumed on a weekly basis to sustain shrimp farming activities.

This insight underscores the significant energy demands associated with maintaining and advancing the shrimp industry.

European Nations Lead in Shrimp Consumption

Discussing the destinations of shrimp exports, Villamizar revealed that 80% of the exported shrimp finds its way to European countries, with Spain, France, and the Netherlands emerging as the leading consumers.

Additionally, he pointed out the sector’s growing presence in the Russian market, signifying expanding global reach.

Anticipating a Surge in Domestic Consumption

Turning attention to the domestic market, the President of the Association expressed confidence in a surge in domestic consumption, projecting a growth rate ranging between 60% and 80%, provided the right conditions are met.

Villamizar attributed this anticipated growth to substantial investments made in the production chain, laboratories, feed processing plants, and effective marketing strategies, reflecting the industry’s commitment to its expansion and development.