Venezuela’s shrimp industry is experiencing a gradual yet determined growth in its export potential, according to Fernando Villamizar, president of the Western Shrimp Producers Association (Asoproco). On Tuesday, Villamizar disclosed that 14% of Venezuela’s shrimp currently reaches the Chinese market—a figure growing at a measured but consistent pace.

Scaling Up Production

A significant expansion in shrimp production is on the horizon for Venezuela. Villamizar estimated that by the end of this year, the country’s shrimp output will reach around 70,000 tons. By 2030, however, he anticipates production levels will surge to a remarkable 600,000 tons.

This projected growth would bring about a tenfold increase in Venezuela’s international shipments, as the industry shifts from sending 2,500 containers abroad to 25,000 containers—a notable pivot that signals Venezuela’s ambitions to become a prominent player in global seafood markets.

Diplomatic Push for Competitive Access

Villamizar highlighted an ongoing dialogue between the shrimp industry and the Venezuelan government to ensure a more competitive position in the Chinese market. A key focus of these discussions has been tariff reductions.

Villamizar underscored that they are lobbying for a 0% tariff for Venezuelan shrimp upon entry into China, aiming to level the playing field with other international suppliers. Achieving this tariff concession would afford Venezuela a critical advantage in penetrating the massive Chinese seafood market, where demand for shrimp remains robust.

Diversifying Export Potential

Beyond shrimp, Venezuela is broadening its export profile. Villamizar noted that Juan Carlos Loyo, Minister of Fisheries and Aquaculture, has added 16 additional aquatic products to the country’s export roster.

This diversification effort, alongside the growing shrimp industry, positions Venezuela to carve out a stronger presence in international markets. As these initiatives unfold, the country stands to boost its status as a key supplier of seafood products worldwide.