ASMI South America Trade Mission
- This event has passed.
ASMI invites you to participate in a Trade Mission to South America
Brazil (optional), Colombia, and Peru
May 14 – 23, 2023
The Trade Mission includes:
- Qualified one-on-one meetings
- Market briefing, plant and market tours, trade receptions
- On-the-ground assistance provided by ASMI
May 14, Sunday: Arrival in Sao Paulo, Brazil
May 15, Monday: Market briefing, retail tour, and one-on-one meetings @ APAS Show
May 16, Tuesday: One-on-one meetings and trade reception @ APAS Show
May 17, Wednesday: Travel to Bogota (LATAM Airlines Group 8000); arrival at 7 pm
May 18, Thursday: Market briefing, one-on-one meetings, and networking reception
May 19, Friday: Retail tour, travel to Cartagena, plant tour
May 20, Saturday: Optional tour
May 21, Sunday: Travel to Peru
May 22, Monday: Market briefing and plant tours
May 23, Tuesday: One-on-one meetings and trade reception
South America at a Glance
Total U.S. seafood exports to South America reached 10,937 tons valued at USD 39.9 million in 2022 (Jan-Nov data), increasing 17% in volume and 35% in value compared to the same period in 2021.
- Brazil is the largest economy in Latin America (US$ 1,608 billion in GDP), with a population of 210 million.
- Despite the large coastal area and the local seafood production, Brazil imports about 1 billion dollars of seafood annually, corresponding to about 40-45% of its total consumption.
- ASMI has a consolidated program in the country, with room for growth through direct exports targeting processors and/or finished Alaska seafood reprocessed in the region and shipped to distributors and retailers.
- Colombia is the 5th largest economy in Latin America (US$ 317 billion GDP), with a population of 50 million.
- Colombia is also the largest U.S. agricultural export destination in South America (top #10 globally), mostly supported by the existing FTA, making most products duty-free – including seafood.
- The market has much growth potential: Colombia has doubled its seafood consumption in the last ten years, reaching 9.60 Kg per capita by 2021. Today, 40% of the seafood in the Colombian market is imported mainly from Chile, Ecuador, and Vietnam.
- Existing opportunities for H&G, blocks, and value-added items to be distributed in the domestic market.
- Peru is one of the fastest-growing economies in Latin America, with a US $223 billion GDP and a population of 32 million.
- The Free Trade Agreement with the U.S., in force since 2009, has opened the market for U.S. goods, including agricultural products.
- With 100 seafood processing plants (human consumption products), it is an experienced seafood processor and exporter, having access to important international markets through its 27 trade agreements.
- Alaska seafood exports grew 118% in 2022 compared to 2021. Since 2019, ASMI has invested many efforts to develop Peru as an alternative reprocessing center for Alaska seafood in the Americas. From there, wild Alaska seafood access various international markets, such as Brazil, Colombia, Mexico, the U.S., Canada, Europe, and Japan, among others.