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Fish processing plant. (Photo: Seafrost)

Fishing sector production grew 20 pct in the last year

Click on the flag for more information about Peru PERU
Monday, June 19, 2017, 23:40 (GMT + 9)

With a 101 per cent advance recorded in April, Peru's fisheries produccion has grown 20.96 per cent since the same month last year, according to official figures from the National Institute of Statistics and Informatics (INEI).

The National Fisheries Society (SNP) points out that the fishing sector continues to erase the negative growth figures recorded last year. In addition, it notes that fishing has the best performance of all productive sectors in the period from January to April 2017, with a positive result of 51 per cent, a figure that partially attenuates the poor record of other economic activities so far this year.

Fishing contributed 0.24 percentage points to April's GDP growth (+ 0.17 per cent).

According to INEI statistics, the variation in fish production in April 2017 was 101.01 per cent due to the expansion of sea fishing which grew 112.12 per cent and contributed 100.57 percentage points to the result of the sector.

In sea fishing, the capture of species for indirect (industrial) human consumption stood out, specifically anchovy capture, which recorded a significant increase before the start of the first fishing season of this resource in the northern-central zone of the country. Anchovy catch was greater in 1.86 per cent due to the landing of 382,660 tonnes in the month of April compared to 19,523 tonnes captured in the same month last year.

The main anchovy landing ports in the northern-central zone were: Chimbote, Chicama, Pisco, Chancay and Supe. In the south, the largest landings took place in Ilo, Matarani and Planchada, which also contributed to offer economic dynamism to these cities, some of which were affected by the so-called Niño Costero.

The landing of species for direct human consumption grew 14.41 per cent, mainly because of the frozen line (octopus, prawn, mackerel). Landings for cured products also increased, 4.47 per cent, but the canned product line decreased by 15.23 per cent and that of fresh products was 1.67 per cent.

Fishing activity is reflected in fishing and also in manufacturing, in particular primary manufacturing. In this respect, in April the primary manufacturing subsector grew by 23.11 per cent thanks to the manufacture of fishmeal and fish oil as well as preserved and frozen products, which increased by 367 per cent.

After the ENFEN confirmed the term of El Niño Costero, the SNP predicts a more auspicious year for the fishing activity, pending the assessment of the anchovy biomass planned for next September.

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