Invest in the Aquaculture Sector


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Invest in the Aquaculture Sector

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Invest in the Aquaculture Sector

  1. 1. INVEST IN THE AQUACULTURE SECTOR L ib erta y O rd e n
  2. 2. COLOMBIA’S GREAT OPPORTUNITIES IN THE AQUACULTURE SECTOR CURRENT STATE • During the 90’s, Colombia’s shrimp cultivation industry reached peak levels, pushing the country into the world’s spotlight as shrimp producer and exporter. Colombia has increased both the productivity levels of fish breeding and its fish culture areas. Fish breeding production focuses mostly on tilapia, trout, and cachama. • In 2012, shrimp production in the country reached 8,500 tons, mainly in the states of Sucre (65%), Bolivar (32%), and Nariño (5%). (Ministry of Agriculture and Rural Development). • Colombia’s fish production has shown a steady growth in the last 10 years, rising from 28,956 tons in 2002 to 80,609 tons in 2012, with a total increase of 278%. (Ministry of Agriculture and Rural Development). 2000-2012 AQUACULTURE PRODUCTION (THOUSANDS OF TONS) 29.0 32.7 39.8 43.3 49.9 63.1 62.4 21.6 24.6 14.6 16.5 18.0 19.3 20.4 20.3 19.3 10.0 10.9 2000 2001 2002 2003 2004 2005 2006 2007 2008 FISH BREEDING SHRIMP FARMING SOURCE: MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT. 64.5 67.7 74.2 80.6 12.4 12.6 8.5 8.5 2009 2010 2011 2012
  3. 3. SHRIMP CULTIVATION INDUSTRY • The Productive Transformation Program (PTP) is an alliance between the public and private sectors created by the Ministry of Trade, Industry and Tourism to drive productivity and competitiveness in the aquaculture sector, aiming to boost its exporting potential through better coordination between the public and private sectors. • Colombian shrimp cultivation is currently focused on the departments of Sucre, Bolivar, and Nariño, with a total share of 99%, although departments like Cordoba also have installed infrastructure. • The average seawater temperature along the Colombian Atlantic coastline (81-90°F) is perfect for the production of white shrimp, as it stymies the spread of the white spot syndrome virus (WSSV). Although temperatures along the Pacific Coastline are lower, virus incidence remains low thanks to management systems and seeds. • Colombia’s shrimp cultivation blends together intensive and extensive production models, with tanks designed to supply an extensive production system according to the Ecuadorian model, and production was placed next higher density production systems.
  4. 4. PISCICULTURE INDUSTRY • The three main species produced in Colombia are tilapia (red and silver), cachama, and trout, representing approximately 96% of the country’s piscicultural production. • The main tilapia production areas are Huila, Meta, Santander, Cordoba, Tolima, Caqueta, Antioquia, and Valle del Cauca. • Cachama is mainly produced in the departments of Antioquia, Meta, Santander, Cordoba, Tolima, Caqueta, and Valle del Cauca. • Trout production is focused on Antioquia, Boyaca, and Cundinamarca. This production has extended into Cauca, Coffee Triangle, Nariño, Santander, and Norte de Santander.
  5. 5. Reasons to Invest in Colombia’s Aquaculture Sector • Geographical Location: The area is free from hurricanes and typhoons and is close to the main consumption hubs. • Lack of Seasons: Weather and water temperature are fairly constant, making production possible all year round. • International Recognition: Stemming from the sector’s wide experience in foreign markets, its high-quality products, qualified expert personnel, and the genetic enhancement program. • Available Lands: Aquaculture regions include an estimated area of 370,658 acres available for production. • Colombian Aquaculture Research Center: The Colombian Aquaculture Research Center (Centro de Investigacion de la Acuicultura en Colombia, CENIACUA) has produced a scientific and technological body of knowledge in favor of the shrimp cultivation industry. Aquaculture Sector Investment Opportunities • Reactivation of culture areas and installed infraestructure for shrimp cultivation in the Caribbean and Pacific coastlines, which have proved to be productive and cost-effective. • Mariculture projects, mainly along the Caribbean coastline, with perfect climatic conditions, water temperature, and other factors well-suited for this kind of initiatives and which, thanks to Colombia’s strategic location, enjoy competitive advantages to reach foreign markets, including the U.S. • Strategic alliances with local fish farmers who want to improve their production capabilities and increase or build manufacturing plants to meet the domestic demands and have surplus stock for exportation of both fresh and processed products.
  6. 6. BUSINESS NETWORK PARTNER ENTITIES • Huila is the department with the greatest number of piscicultural companies in the country, with nearly 25% of the total. Huila is followed by Bogota D.C.1 and Valle del Cauca, each with a 20% share. Other piscicultural companies are located in departments like Meta, Bolivar, Risaralda, Antioquia, Cauca, Boyaca, and Cundinamarca. • Ministry of Agriculture and Rural Development: It develops, manages, and evaluates the policies that promote competitive, fair, and sustainable development of agricultural, forestry, fishing, and rural development procedures applying decentralization, agreement, and participation criteria with the purpose of improving the quality of life of Colombian citizens. • As for shrimp farming companies, over 50% of the business comes from the department of Nariño. In the Caribbean Coast, the Atlantico department hosts the largest number of companies with nearly 33% share, while Bolivar is home to 10%.2 Atlantico El Guajaro Finca España Aquaprimavera Bolivar Antillana S.A. Antioquia Vitamar S.A. Cauca Piscifactoría el diviso Ltda. Nariño Maragrícola Produmar Agromarina Güinulero Ecomar Bolivar C.I. Océanos Bogota - Cundinamarca Agropisicola Acuagranja S.A.S. Dispez Rio y Mar S.A. Agropecuaria Gómez Mejia & Cia. Trucha Surala S.A.S. Meta Primavera Aguacultura Ltda. Piscicola Alabama Valle del Cauca Gran Langostino S.A.S. Agropesquera industrial Bahia Cupica Ltda. Campaña pesquera Lagostino S.A. Agromarina Tumaco S.A. • The Productive Transformation Program (PTP): is an alliance between the public and private sectors driving productivity and competitiveness in industries with high exporting potential through better coordination efforts. • Proexport: is the Government office in charge of attracting foreign investment, supporting nontraditional exports, and promoting the country as an international tourism destination. • AUNAP: The National Authority for Aquaculture and Fisheries is the entity in charge of exercising the planning, research, management, promotion, regulation, registration, information, inspection, monitoring and control of fishing and aquaculture activities. • The CENIACUA: develops scientific and technological knowledge through the use of human, material, and economic resources in the country and thanks to the participation of the sector’s entrepreneurs to improve productivity and sustainable development in Colombia’s aquaculture. Huila Piscicola New York S.A. Compañia agroindustrial y comercial 3C. Comepez S.A. Pacandel Ltda. Babillos fish S.A. Source: BPR Benchmark. 1. Most companies have their business address registered in Bogota D.C., but their production facilities are not necessarily located in this region. 2. Most companies have their business address registered in Atlantico, but their production facilities are not necessarily located in this region.