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New aquaculture species: Market incentives and barriers for growth

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Abstract
  • During the last decade, several new aquaculture species like tilapia and pangasius has appeared in significant quantities, and growth for more traditional species like shrimp and salmon continues at high rates. This has led to and will continue to lead to significant changes in the world's seafood markets. As this process unfolds, there are number of interesting issues with respect to which market is served and where a species is successful. For instance, at first glance there seems no reason why tilapia should be very successful in the USA but not in Europe, while it is the other way around for pangasius. In this presentation we will give an overview of the situation for farmed finfish species today. This includes salmon, trout, seabass, seabream, pangasius, catfish, tilapia and Nile perch. Several other species are being farmed in smaller scales like cod, grouper, kobia and halibut, species that are not commercially interesting at this point but that have a significant potential. The new species will however most likely meet the same challenges as some of the other farmed species. We will investigate similarities and differences in how the species are being introduced and sold in different markets. In particular, while the buyers always are interested in good products at competitive prices, the established producers rarely welcome competing products. Sometimes this only result in tougher competition in the market, while there has also been a number of trade conflicts and restrictions on market access.
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  • Trollvik, Trine. 2008. New aquaculture species: Market incentives and barriers for growth. In: Proceedings of the Fourteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 22-25, 2008, Nha Trang, Vietnam: Achieving a Sustainable Future: Managing Aquaculture, Fishing, Trade and Development. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2008.
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  • US National Oceanic and Atmospheric Administration (NOAA) Fisheries Division, The Department of Fisheries and Oceans, Canada; Aquaculture CRSP and AquaFish CRSP; Minh Phu Seafood Corporation; Vietnam Datacommunication Company (VDC); Camau Frozen Seafood Processing Import Export Corporation (Camimex); Long Sinh Limited Company; Mai Linh Group and Nam Viet Corporation.
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