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The international seafood trade

James Anderson, University of Rhode Island; Editor, Seafood Market Analyst

 - the first comprehensive updateable treatment of the world wide meat market place
 - written by one of the world's leading authorities on the seafood industry and its economics
 - features additional contributions from a range of specialist researchers and practitioners
 - examines trading volumes and patterns in each of the major seafood groups – shrimp and prawns; salmon and trout; tuna; groundfish; crab and lobster; and caphalopods
 - essential reading for everyone in the business – seafood traders, fishing company and aquaculture managers, exporters, importers, distributors, wholesalers and retailers

The seafood trade is one of the world's largest and fastest growing international commodity industries. Worth more than $60 billion a year, it exceeds the world trade in all grains combined and represents more than twice the combined world trade in all tea, coffee and cocoa. Almost 200 countries supply fish and seafood products to the global marketplace, consisting of more than 800 commercially important species of fish, crustaceans and mollusks, including 30 species of shrimp alone. These products take hundreds of forms, ranging from canned tuna to fresh boneless salmon fillets, from salted herring roe to dried shark fins, frozen pollock block, individually quick frozen breaded cod portions, smoked mackerel, clam juice, live lobster, fish meals and oil. The market is supplied by a global network of hundreds of thousands of fishing vessels and marine and inland aquaculture establishments, thousands of processors and tens of thousands of wholesalers and brokers.

The International Seafood Trade is the first book to provide a comprehensive overview of this complex and dynamic business. Written by one of the world's leading authorities on the seafood industry and its economics, with contributions from a range of specialist researchers and practitioners, it examines every link in the market chain which leads from the world's seas, rivers and lakes to the consumer's plate. In so doing it furnishes an account of the events, policies and institutions that have shaped and continue to drive this remarkable industry. Featuring comprehensive statistical analyses, chapters consider trends in capture and aquaculture production and in the international seafood trade generally, and examine volumes and patterns of trade in each of the major seafood groups – shrimp and prawns; salmon and trout; tuna; groundfish; crab and lobster; and cephalopods. Further chapters consider price discovery mechanisms; seafood market research; emerging issues such as aquaculture and rights-based fisheries management; market innovations such as seafood futures and ecolabeling; and institutions of significance to the conduct and management of the seafood trade worldwide.

The International Seafood Trade provides the most comprehensive picture yet available of the dynamics and structure of the global seafood market at the beginning of the 21st century, and will be essential reading for all those new to or already involved in the seafood and ancillary industries worldwide – whether as importers, exporters, distributors, wholesalers, retailers or food service industries. It will serve as an invaluable reference for all seafood traders, seafood procurement managers, managers of fishing companies or aquaculture firms, strategic planners and investors, and will also be of enormous interest to public sector fisheries and aquaculture managers and regulators, environmentalists and ecologists.

ISBN 1 85573 456 7
ISBN-13: 978 1 85573 456 2
July 2003
240 pages  234 x 156mm  hardback  
£145.00 / US$245.00 / €180.00

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About the author

James L Anderson is a professor and chair of the Department of Environmental and Natural Resource Economics at the University of Rhode Island, Kingston, RI. His research in the area of fisheries and aquacultural economics began in 1980 with a study on the bioeconomics of salmon ranching in the Pacific Northwest. Since that time, he has been involved with numerous research projects related to fisheries and aquaculture management, seafood marketing and international trade, and seafood price forecasting. Recent work has focused on analysis of salmon and shrimp markets, and evaluating how aquaculture development and rights-based fisheries management are changing the global seafood sector.

He is the Editor of Marine Resource Economics and SeafoodReport.com and has served on the Editorial Council of the Journal of Environmental Economics and Management. Currently, he serves as a Director of the International Institute of Fisheries Economics and Trade (IIFET). He was presented with the Outstanding Ph.D. Thesis Award by the American Agricultural Economics Association in 1984, Research Scientist of the Year Award by the University of Rhode Island in 1994 and the Article of the Year Award from the Editorial Board of Agricultural and Resource Economics Review in 1995. He holds degrees from the College of William and Mary (B.S.), the University of Arizona (M.S.) and the University of California, Davis (Ph.D.).

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Contents

Introduction
James L Anderson
 - The diversity and importance of the international seafood trade
 - Origins and development of the seafood trade
 - The role of exclusive economic zones (EEZs)
 - Wild fisheries management and the emerging role of aquaculture

Trends in capture and aquaculture production
James L Anderson, Jonathan R King & Josue Martinez-Garmendia
 - World fisheries production
 - Capture production
 - Aquaculture production
 - World shrimp aquaculture and capture production
 - World salmon and trout production
 - World cod, hake, Pollack and haddock production
 - World tuna and bonito production
 - World tilapia and cichlid production

Trends in the international seafood trade
James L Anderson & Josue Martinez-Garmendia
 - Factors influencing the international seafood trade
 - Net trade flows

Trade by major seafood group
James L Anderson, Josue Martinez-Garmendia & Jonathan R King
 - Shrimp and prawns
 - Salmon and trout
 - Tuna
 - Groundfish
 - Crab and lobster
 - Cephalopods

Fundamental principles of international trade applied to fisheries
James L Anderson
 - Conventional approach to international trade analysis
 - The bioeconomics of fishery supply
 - Fisheries and international trade

Price discovery
James L Anderson & Josue Martinez-Garmendia
 - Auctions
 - Individual negotiation
 - Bargaining by fisherman's groups
 - Consignment sales
 - Long-term contracts and vertical integration
 - Price transparency
 - Futures and options
 - Futures and options at work
 - Appendix 1: Minneapolis Grain Exchange: shrimp futures
 - Appendix 2: Kansai Commodities Exchange, Osaka, Japan: frozen shrimp futures

Seafood market research
James L Anderson & Josue Martinez-Garmendia
 - Empirical methods
 - Data

Aquaculture, fisheries and evolution of the market
James L Anderson
 - Production costs
 - Market factors influencing competitiveness
 - The difference between aquaculture and traditional fisheries

Institutions and measures of importance to international trade in seafood
Jonathan R King and James L Anderson
 - The General Agreement on Tariffs and Trade and the World Trade Organization Initial processing
 - The Convention on the International Trade of Endangered Species
 - The US Pelly Amendment
 - Additional US trade measures
 - Trade and environment conflicts

The seafood consumer, trade and the environment
Cathy A Roheim
 - The economics of labelling
 - Demand and supply of attrbutes
 - Ecolabelling
 - Conclusions

Appendix: International trade in shrimp: a case study
Michael J Bush