9 Future Trends in Aquaculture Production
291
the final price. This gives producers in other regions an opportunity, in particular
since fresh product for most species are the most valuable product form.
There are not likely to be many wild species at the seafood markets in the future,
and again the parallel to agriculture is strong. However, in contrast to agriculture,
a few sectors are likely to remain. In particular, a whitefish market, mainly frozen,
is likely to exist. There may be one or more similar markets too, but the remaining
species from the wild as well as the aquaculture sector is likely to go into two very
different types of markets. There exists a high-end market for food where exclusivity and exoticness are important attributes and prices in general is high. In these
markets there are no high volume species, but a substantially variety. A large
number of seafood products, wild as well as farmed, are likely to be sold in such
markets. Even though prices are relatively high, margins are likely to be low also
in this market segment for most products as competition to be a part of this market
will be tough. For the species that cannot get into this market, only low price markets remains. This will partly be low value products to the poorer countries in the
world, who do not have the ability to pay for other foodstuff, and partly be as inputs
in the feed for other food products like fishmeal.
Acknowledgement Financial support from the Norwegian Research Council is acknowledged.
References
Anderson JL (2002) Aquaculture and the future. Marine Resource Economics 17:133–152
Anderson JL (2003) The International Seafood Trade. Woodhead Publishing: Cambridge
Norman A (2005) Personally Collected figures from the Obour market
Asche F, Bjørndal T, Young JA (2001) Market interactions for aquaculture products. Aquaculture
Economics and Management 5:303–318
Asche F, Guttormsen AG, Tveterås R (1999) Environmental problems, Productivity and innovations in Norwegian salmon aquaculture. Aquaculture Economics and Management 3:19–30
Asche F, Tveterås S (2004) On the relationship between aquaculture and reduction fisheries.
Journal of Agricultural Economics 55(2):245–265
Asche F, Roll KH, Tveterås R (2007) Productivity growth in the supply chain – another source of
competitiveness for aquaculture. Marine Resource Economics 22:329–334
Bjørndal T (1990) The Economics of Salmon Aquaculture. Blackwell: Oxford
Bjørndal T (2002) The competitiveness of the Chilean salmon aquaculture industry. Aquaculture
Economics and Management 6:97–116
Delgado CL, Wada N, Rosegrant MW, Meijer J, Ahmed M (2003) Fish to 2020, Supply and
Demand in Changing Global Markets. International Food Policy Research Institute, Washington
D.C., USA
FAO (2006). FAO FISH STAT Plus 2004 Database, Rome, Italy
Guttormsen AG (2002) Input Factor Substitutability in Salmon Aquaculture. Marine Resource
Economics 17:91–102
Naylor RL, Goldburg RJ, Primavera JH, Kautsky N, Beveridge MCM, Clay J, Folke, Lubchenco J,
Mooney H, Troell M (2000) Effects of aquaculture on world fish supplies. Nature
405:1017–1024
Norwegian Directorate of Fisheries (Various Years) Økonomiske Analyser av Fiskeopdrett (In
Norwegian, Economic analysis of fish farming), Bergen
291
the final price. This gives producers in other regions an opportunity, in particular
since fresh product for most species are the most valuable product form.
There are not likely to be many wild species at the seafood markets in the future,
and again the parallel to agriculture is strong. However, in contrast to agriculture,
a few sectors are likely to remain. In particular, a whitefish market, mainly frozen,
is likely to exist. There may be one or more similar markets too, but the remaining
species from the wild as well as the aquaculture sector is likely to go into two very
different types of markets. There exists a high-end market for food where exclusivity and exoticness are important attributes and prices in general is high. In these
markets there are no high volume species, but a substantially variety. A large
number of seafood products, wild as well as farmed, are likely to be sold in such
markets. Even though prices are relatively high, margins are likely to be low also
in this market segment for most products as competition to be a part of this market
will be tough. For the species that cannot get into this market, only low price markets remains. This will partly be low value products to the poorer countries in the
world, who do not have the ability to pay for other foodstuff, and partly be as inputs
in the feed for other food products like fishmeal.
Acknowledgement Financial support from the Norwegian Research Council is acknowledged.
References
Anderson JL (2002) Aquaculture and the future. Marine Resource Economics 17:133–152
Anderson JL (2003) The International Seafood Trade. Woodhead Publishing: Cambridge
Norman A (2005) Personally Collected figures from the Obour market
Asche F, Bjørndal T, Young JA (2001) Market interactions for aquaculture products. Aquaculture
Economics and Management 5:303–318
Asche F, Guttormsen AG, Tveterås R (1999) Environmental problems, Productivity and innovations in Norwegian salmon aquaculture. Aquaculture Economics and Management 3:19–30
Asche F, Tveterås S (2004) On the relationship between aquaculture and reduction fisheries.
Journal of Agricultural Economics 55(2):245–265
Asche F, Roll KH, Tveterås R (2007) Productivity growth in the supply chain – another source of
competitiveness for aquaculture. Marine Resource Economics 22:329–334
Bjørndal T (1990) The Economics of Salmon Aquaculture. Blackwell: Oxford
Bjørndal T (2002) The competitiveness of the Chilean salmon aquaculture industry. Aquaculture
Economics and Management 6:97–116
Delgado CL, Wada N, Rosegrant MW, Meijer J, Ahmed M (2003) Fish to 2020, Supply and
Demand in Changing Global Markets. International Food Policy Research Institute, Washington
D.C., USA
FAO (2006). FAO FISH STAT Plus 2004 Database, Rome, Italy
Guttormsen AG (2002) Input Factor Substitutability in Salmon Aquaculture. Marine Resource
Economics 17:91–102
Naylor RL, Goldburg RJ, Primavera JH, Kautsky N, Beveridge MCM, Clay J, Folke, Lubchenco J,
Mooney H, Troell M (2000) Effects of aquaculture on world fish supplies. Nature
405:1017–1024
Norwegian Directorate of Fisheries (Various Years) Økonomiske Analyser av Fiskeopdrett (In
Norwegian, Economic analysis of fish farming), Bergen