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Shrimp is the second-leading seafood species as measured by world trade, trailing only salmon. There has been a strong increase in recent production, with global output increasing from 6.5 million MT in 2006 to 8.3 million MT in 2015, a jump of nearly 30%. The world’s leading shrimp producers traditionally have been in Southeast Asia; however, Early Mortality Syndrome has hurt stocks in Thailand and other locations. Belize is one such country. Aquaculture has traditionally been an important generator of revenue and foreign exchange, but a recent outbreak of EMS has decimated production and threatened the survival of multiple smaller and medium-sized businesses. This report uses the GVC framework to analyze Belize’s position in the shrimp industry and identify strategies for improving the competitiveness of domestic businesses.
Full Report
