Guatemala's aquaculture and fisheries exports expected to increase by 5.5 per cent in 2021

Although Guatemala's economy will be hit hard by the 2020 outbreak and all sectors of the economy are facing the challenge of a post-epidemic restart, the Guatemalan Export Association (Agexport) is optimistic about the development of aquaculture and fisheries in Guatemala.
3 January, the head of the aquaculture and fisheries sector at Agexport, María Olga Menéndez, stated publicly that aquaculture and fisheries developments will be positive in 2021 and that annual export earnings growth is expected to reach 5.5 per cent.
Guatemala's aquaculture and fisheries are mainly targeted at the international market, with the United States, the European Union and Mexico accounting for 18%, 15% and 14% of total exports, respectively, according to Guatemala's Newspapers of the Republic.
, according to Menendez, the industry relied on innovations in production and processing to sustain growth in the economic crisis caused by the outbreak.
end of 2020, the industry closed with $215 million in export earnings, up 3.9 percent from 2019.
said Guatemala's aquaculture and fisheries industry will aim to achieve "sustainable marine products (MSC)" certification by 2021, which will provide further impetus for Guatemala's exports of sea products.
will also provide credit facilities for the industry, providing a stronger capital base for the industry as a whole.
, Menendez cited the challenges the industry faces in the new year, such as post-work outbreak prevention and control, response to extreme weather and natural disasters.
stressed that the health and epidemic prevention conditions of enterprises in the industry will be strictly monitored to minimize the spread of the epidemic within workers, thereby ensuring the production and distribution of products.
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