Export performance of major cultured shrimp producers in the Japanese and US markets

Increase in shrimp farming was stimulated by growth in world market for high-value shrimp products in the 1980s. The major cultured shrimp producers are located in Asia-Pacific and Latin American regions. The revealed comparative advantage (RCA) method is used to provide insights into the export performance of nine selected shrimp producers in the Japan and United States markets, separately. Shrimp is marketed in a wide variety of product forms, and prices vary according to various product attributes including species, size, taste, quality and origin. The results show that vertical product differentiation concerning different varieties of a good in terms of both quality and price plays an important role on the relative export competition of shrimp products among major shrimp-exporting countries. As a result of the geographical advantage, Asia-Pacific producers enjoy comparative advantage in the Japanese imported shrimp market. Joint ventures with the United States provide great benefits to Ecuador and Mexico in exporting fresh shrimp into the United States market.