Market interactions for aquaculture products

Asche, Frank; Bjørndal, Trond; Young, James A.

doi:10.1080/13657300109380296

Cited by 84 publications

(55 citation statements)

References 31 publications

(22 reference statements)

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“…Production has been influenced by changes in the market environment as well as by technological advances that increase productivity. Asche, Bjorndal, and Young (2001) conclude that market interactions are important for species that are farmed as well as caught wild. Productivity growth in production and marketing chains contributed to increased production of sea bass and sea bream (Asche, Bjorndal, and Young 2001).…”

Section: Introductionmentioning

confidence: 95%

“…Productivity growth in production and marketing chains contributed to increased production of sea bass and sea bream (Asche, Bjorndal, and Young 2001). Also changes in the food distribution and retail sectors and the emergence of new markets positively contributed to the success of aquaculture production (Asche, Bjorndal, and Young 2001); e.g., Russia as a consumer market for pangasius (see Andersen et al (2009) for consumption figures for the Russian fish market). Finally, trade conflicts and import bans are found to affect fish farming and markets.…”

Section: Introductionmentioning

confidence: 99%

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The Influence of Changes in the Market Environment on Economic Production Characteristics of Pangasius Farming in the Mekong Delta (Vietnam)

Binh

D’Haese

Speelman

et al. 2010

Marine Resource Economics

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The Mekong Delta in Vietnam has become an important production area for pangasius. The importance of the sector in providing an income to many households means that it is relevant to study its economic production characteristics. In this article we use a stochastic cost frontier model to assess the adaptability of the sector. We are particularly interested in the effect of the changing market environment and the exponential growth of the sector on the evolution of production characteristics. We compare data from 2002 with 2006 data. The results show that pangasius farming became more efficient by 2006, with higher returns to scale. We discuss the possible policy implications of our findings.

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Section: Introductionmentioning

confidence: 95%

Section: Introductionmentioning

confidence: 99%

The Influence of Changes in the Market Environment on Economic Production Characteristics of Pangasius Farming in the Mekong Delta (Vietnam)

Binh

D’Haese

Speelman

et al. 2010

Marine Resource Economics

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“…On this basis, there is the potential for aquaculture to be more competitive and eventually replace some of the capture fisheries supplies. This hypothesis was examined by Asche et al (2001) which found little evidence of market interactions between species other [Source: calculated using FishStat production data and calculated prices for aquaculture (FAO 2014b) and capture fisheries prices from EUMOFA (http://www.eumofa.eu)] Fig. 15 Price structure of EU capture fisheries and aquaculture production of warmwater marine fish species at first sale (2012) [Source: calculated using FishStat production data and calculated prices for aquaculture (FAO 2014b) and capture fisheries prices from EUMOFA (http://www.eumofa.eu)] than where both farmed and wild species were available together.…”

Section: Competitiveness Of Aquaculturementioning

confidence: 99%

An assessment of the economic contribution of EU aquaculture production and the influence of policies for its sustainable development

Bostock

Lane

Hough³

et al. 2016

Aquacult Int

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This review paper examines the structure of the EU aquaculture sector, the contribution it makes to the EU economy and the policy environment for past and future development. The primary analysis uses statistical data from the Food and Agriculture Organization of the United Nations which has been re-categorized according to species groups established by the European Aquaculture Technology and Innovation Platform (EATiP) and by culture system type using expert knowledge. Additional data sources for the analysis include the European Market Observatory for Fisheries and Aquaculture Products (EUMOFA) and the European Commission Scientific, Technical and Economic Committee for Fisheries. EU aquaculture production was 1.34 million tonnes in 2012 with a first sale value of €4.76 billion. Shellfish comprised 45 % by volume and 28 % by value; marine fish 30 % by volume and 53 % by value; and freshwater fish 25 % by volume and 19 % by value. The total production volume has actually fallen slightly from 1.4 million tonnes in 2000, whilst the value has increased significantly from 2.79 billion in 2000, mainly due to a growth in Atlantic salmon production. Five countries accounted for around 78 % of the direct output value of EU aquaculture in 2012, the UK, France, Greece, Italy and Spain. Around 50 % of the direct output value was generated using marine cage systems (28 % by volume), whilst less than 3 % of value was generated in recirculated aquaculture systems (\1.5 % by volume). Around 5 % of value was contributed by extensive to semi-intensive inland and coastal pond systems. STECF (2014) estimates there are between 14,000 and 15,000 aquaculture enterprises in the EU employing around 80,000 people, approximately 40,000 full-time equivalent (FTE). The greatest number of jobs (FTE) is provided by the freshwater pond and suspended shellfish sectors due to much lower productivity figures. This could be seen as a social benefit in rural and coastal regions, but corresponding low wages could also discourage young entrants to the industry and lead to dependency on migrant workers. Where efficiencies can be improved through capital investment there is likely to be significant scope for consolidation of ownership as can be observed in the marine fish sector. The output from aquaculture has to find a place within the wider fish and seafood market where volumes are generally inversely related to price. The potential growth of the sector is therefore constrained both in relation to the overall market and with respect to competition from substitute products. These include product from EU capture fisheries as well as imports from third countries (sourced from aquaculture and capture fisheries). Whilst interactions between individual products can be hard to demonstrate, any increase in production costs is likely to lead to lower output volumes, whilst improvements in production efficiency can lead to increased output volumes. With around 60 % of EU fish and seafood supply obtained through imports, and little prospect of incre...

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“…Some consumers prefer wild-caught fish for higher quality and better taste than the farm-raised option [30], while other consumers are concerned with the negative impacts to the environment posed by aquaculture [28]. However, the benefits of aquaculture include lower cost and year-round availability compared to wild-caught fish [30,31]. As discussed above, a high demand for tuna has threatened tuna stock and the environment.…”

Section: Wild-caught or Farm-raised?mentioning

confidence: 99%

Are Consumers Willing to Pay More for Sustainable Products? A Study of Eco-Labeled Tuna Steak

Zhou

Huang

2016

Sustainability

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Abstract:A high demand for seafood leads to overfishing, harms the long-term health of seafood stocks, and threatens environmental sustainability in oceans. Sustainability certification is one of the major sustainability movements and is known as eco-labeling. For instance, in the tuna industry, leading tuna brands have committed to protecting sea turtles by allowing the tracing of the source of their tuna "from catch to can." This paper relies on an Internet survey on consumers from Kentucky conducted in July 2010. The survey investigates household-level tuna steak (sashimi grade) consumption and examines consumer preferences for eco-labeling ("Certified Turtle Safe" (CTS) in this study) while mimicking individuals' seafood procurement processes. A random parameter logit model is utilized, and willingness-to-pay measures are calculated based on model estimation results. It was found that respondents on average preferred turtle-safe-labeled tuna steak and were likely to pay more for it; however, they were less likely to purchase wild-caught species, and insignificant results were found for pre-frozen. Moreover, significant heterogeneities were found across individuals regarding tuna steak purchases. The findings indicate evidence of public support for environmental friendliness, particularly with regard to eco-labeling.

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Market interactions for aquaculture products

Cited by 84 publications

References 31 publications

The Influence of Changes in the Market Environment on Economic Production Characteristics of Pangasius Farming in the Mekong Delta (Vietnam)

The Influence of Changes in the Market Environment on Economic Production Characteristics of Pangasius Farming in the Mekong Delta (Vietnam)

An assessment of the economic contribution of EU aquaculture production and the influence of policies for its sustainable development

Are Consumers Willing to Pay More for Sustainable Products? A Study of Eco-Labeled Tuna Steak

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