THE FUTURE OF U.S. SEAFOOD SUPPLY

The United States today imports most of the seafood it consumes. Half of these imports are from aquaculture. Domestic wild capture production is limited and U.S. aquaculture production has declined in recent years. Policy, socioeconomic, and regulatory obstacles stand in the way of expanded U.S. aquaculture production. In this article, we examine the implications of two future paths for seafood supply: an increasing reliance on imports, and a shift toward increased domestic aquaculture production. We examine global trends, likely future developments in U.S. seafood demand and supply, and implications of the path of U.S. aquaculture development for U.S. seafood supply and prices, employment, ecological footprint, and seafood supply security and safety. We conclude with recommendations for a path forward that serves the interests of the nation and the global community in the search for economically sound and sustainable ways to feed a growing population.     

Fish to 2030: The Role and Opportunity for Aquaculture

Seafood sector can contribute to the global food supply in an important way, and provide an important source of animal protein. Based on observed regional trends in seafood production and consumption and using a global, partial-equilibrium, multi-market model, this study investigates what the global seafood market may look like in 2030. The model projects that the total fish supply will increase from 154 million tons in 2011 to 186 million tons in 2030, with aquaculture entirely responsible for the increase. The fastest aquaculture growth is expected for tilapia and shrimp, while the largest expansion is expected in India, Latin America and Caribbean and Southeast Asia. Fast-growing seafood demand in China and elsewhere represents a critical opportunity for global fisheries and aquaculture to improve their management and achieve sustainable seafood economy.     

COMPETITIVENESS OF U.S. AQUACULTURE WITHIN THE CURRENT U.S. REGULATORY FRAMEWORK

Increased attention has been paid in recent years to both positive and negative effects of increasing numbers of regulations on businesses in the United States. The decline in U.S. aquaculture has been attributed in part to increasing volumes of imports and high feed prices. However, there is increasing concern that the U.S. regulatory environment, as compared to that of international competitors, may also have contributed to this decline. More than 1,300 laws apply to U.S. aquaculture and even though the majority has been issued by individual states and apply only to specific types of aquaculture businesses in that state, the cumulative regulatory burden has increased over time. Major compliance categories include: 1) environmental management; 2) food safety; 3) legal and labor standards; 4) interstate transport of aquatic products; 5) fish health; and 6) culture of commercially harvested species. A substantial portion of the regulatory burden is the managerial and labor time spent on compliance in addition to the direct cost increases. The streamlined one-stop process adopted in Norway appears to have allowed growth of aquaculture within a comprehensive regulatory framework, yet the lack of such a streamlined approach in the United States appears to have contributed to the decline of existing industries and to serve as a deterrent to investment in newly emerging technologies. Favorable regulatory environments in countries that export to the U.S. contrast sharply with the increasingly inefficient, cumbersome and/or restrictive U.S. environment. Such disparities have created competitive disadvantages for U.S. producers. Attention is needed by policy makers to search for streamlining mechanisms and by the scientific community to address the growing competitive disadvantage to U.S. aquaculture to respond to increased global demand for farmed seafood.     

Price Volatility in Seafood Markets: Farmed vs. Wild Fish

Price volatility has an important impact on seafood markets and the aquaculture industry. This article investigates price volatility regimes along three dimensions; technology, species and product form. We identify regimes using the Iterated Cumulative Sum of Squares (ICSS), which allow us to compare the volatility found in aquaculture products, as well as comparing against fish-meal and soybeans. The results help identify the level of price risk found within the aquaculture industry across species and products. In addition, we differentiate between technologies comparing wild-caught fish with aquaculture products. The results also help us consider the relative riskiness of aquaculture compared to other industries. The results indicate that in aggregate, price volatility for aquacultured products is substantially lower than for wild. However, this varies substantially between species.     

The effect of the Korea‐US free trade agreement on governance of the aquaculture value chain

We present a value chain analysis of seafood exports from South Korea to major consumer markets in the United States, outlining the global value chain of oyster products from South Korea and its governance structure. A major issue faced by consumers is the lack of ability to determine where and how the seafood products are produced and processed. This can be addressed through standards set by the importing firm or country. In this article, we show that Korea–USA free trade agreement has led to development of high‐capacity US‐approved farms and processing facilities, and stricter standards have created a more efficient production and processing sector for exporting seafood products from Korea to the United States.     

Regulatory costs on U.S. salmonid farms

The economic effects of the implementation of regulations on aquaculture farms in the United States, while of concern, are not well understood. A national survey was conducted of salmonid (trout and salmon) farms in 17 states of the United States to measure on‐farm regulatory costs and to identify which regulations were the most costly to this industry segment. The response rate was 63%, with a coverage rate of 94.5% of the U.S. production of salmonids. The regulatory system resulted in increased national on‐farm costs of $16.1 million/year, lost markets with a sales value of $7.1 million/year, lost production of $5.3 million/year, and thwarted expansion attempts estimated at $40.1 million/year. Mean farm regulatory costs were $150,506/farm annually, or $2.71/kg; lost markets with annual sales values of $66,274/farm; annual lost production of $49,064/farm; and an annual value of thwarted expansion attempts estimated at $375,459/farm. Smaller‐scale farms were affected to a disproportionately greater negative extent than larger‐scale farms. Per‐farm regulatory costs were, on average, greater for foodfish producers than for producers selling to recreational markets, but per‐kg regulatory costs were greater for those selling to recreational compared to foodfish markets. Regulatory costs constituted 12% of total production and marketing costs on U.S. salmonid farms. The greatest regulatory costs were found to be effluent discharge regulations. The majority of regulatory costs were fixed costs, but regulatory barriers to expansion precluded compensatory adjustments to the business in spite of growing demand for salmonid products. Results of this study show that the on‐farm regulatory cost burden is substantial and has negatively affected the U.S. salmonid industry's ability to respond to strong demand for U.S. farm‐raised salmonid products. Results also suggest that the regulatory system has contributed to the decline in the number of U.S. salmonid farms. While regulations will necessarily have some degree of cost to farms, the magnitude of the on‐farm regulatory cost burden on U.S. salmonid farms calls for concerted efforts to identify and implement innovative regulatory monitoring and compliance frameworks that reduce the on‐farm regulatory cost burden.     

Consumer Preferences for Live Seafood in the Northeastern Region of USA: Results from Asian Ethnic Fish Market Survey

Asian ethnic fish markets in the Northeastern region of the United States of America (USA) are popular for selling live fish and seafood. A consumer survey was conducted in selected supermarkets of New York, New Jersey, and Pennsylvania during the summer of 2009 to assess consumer preferences for live seafood species. A binary logit model was developed to study the factors influencing preferences for live and fresh fish products. Results indicated that consumer preferences for live fish species vary by ethnic group. Live fish customers visited supermarkets at least two to three times a week and spent $16 to $20 a week to purchase medium size fish (0 to .91 kg live fish, on average). Freshness and appearance (bright, free of bruises, healthy fish) were the most important attributes. Findings indicate that promotion of live fish sales should be targeted to those stores dominated by East Asian (Chinese, Korean, and Japanese) customers.     

A Small-Scale Recirculating Aquaculture System for Global Aquaculture Education and Industry Development

While global aquaculture is expanding rapidly, the United States (U.S.) and East Africa (EA) Great Lakes region have experienced slower growth. Aquaculture education is integral to overcoming existing limitations and accelerating production in these regions and worldwide. Toward this goal, an open access educational recirculating aquaculture system (ERAS) was designed to meet the differential objectives of aquaculture education in the U.S. and EA and trialed within educational institutions. Key ERAS design considerations were cost, operation, size, component availability, and construction. A secondary aspect of ERAS design was flexibility and application to different learning objectives. Over the trial period, two potential educational uses emerged: (1) to build student awareness of aquaculture and its importance in the food system, and (2) to teach practical aquaculture skills necessary for aquaculture careers. Construction and assembly guides for the educational ERAS will be offered open source through the University of Massachusetts Amherst aquaculture extension website.     

The role of corporate social responsibility in creating a Seussian world of seafood sustainability

Approaches to counter the overfishing and aquaculture production crisis include those imposed by public governing bodies, as well as those implemented by businesses and non‐governmental organizations (NGOs). In the case of the latter, private actors govern fisheries consumption and production through corporate social responsibility (CSR). In this contribution, we focus on three key tools that businesses are increasingly turning towards in an effort to meet the one particular CSR goal of sustainable seafood sourcing. In this context, the key tools of certifications, fisheries improvement projects (FIPs) and traceability are reviewed, and their potential as well as limits in contributing to continual improvement in pursuit of global seafood sustainability are analyzed. We argue that seafood CSR has created its own whimsical and fantastical world, a Seussian world, in which company image has become more important than sustainability performance. We posit four important barriers that must be overcome to bring seafood CSR back to reality. Specifically, we suggest moving away from the business case for CSR, reducing accessibility barriers for small‐scale and developing world fisheries, reconciling different labels and sustainability concepts, and better recognizing the imperative role of the state in governing fisheries and seafood.     

Historical aspects, current status and prospects of pejerrey aquaculture in South America

The pejerrey Odontesthes bonariensis (Valenciennes, 1835) is an inland water fish from the Pampas region comprising part of Argentina, Uruguay and the South of Brazil. Pejerrey is a very popular fish in this region and has a long history of domestic and international introductions, which attests to the high quality and market value of its flesh, as well as its attractiveness as a game fish. The desirable characteristics of pejerrey also make it a good candidate for aquaculture, and the first trials on pejerrey cultivation (atheriniculture) were started more than a century ago in Argentina. In spite of the considerable interest in its development, little progress has been made and atheriniculture is still restricted to propagation and stocking for sport fishing purposes. In this review, we summarize the history of atheriniculture and the biological, technological, scientific, cultural and infrastructural constraints to pejerrey aquaculture development thus far. We also suggest possible scenarios of pejerrey aquaculture development compatible with the socio–economic conditions of South American countries. Our projections also take into consideration recent scientific findings on the biology of pejerrey and technological advances in seafood processing, storage and transportation, as well as the latest trends of seafood consumption and international markets. The best production strategy remains to be determined by trial and error but it is likely that, initially, production should focus on a differentiated, high‐quality fish for the premium or international markets rather than attempting to compete with the cheap fish from natural sources. An international cooperation project with Japan has successfully demonstrated the feasibility of breeding pejerrey in captivity and mass producing seeds efficiently in Argentina, and has provided the foundation for the development of intensive and extensive farming of this species.     

Seafood mislabelling: comparisons of two western European case studies assist in defining influencing factors,mechanisms and motives

The global seafood industry, influenced by consumer demand, is closely linked to the global fishing industry, which determines the variety of fish available for consumption. The recently revealed issue of seafood mislabelling threatens to weaken this link by removing consumer power to influence patterns of fisheries exploitation through informed choice. Recognizing this, there is an urgent need to go beyond the mere documentation of the phenomenon and learn more about the origins of this problem and the nature of factors influencing its occurrence to develop solutions. In an attempt to understand seafood mislabelling more thoroughly in Europe, 226 cod products were purchased from Ireland and the UK, genetically identified using a DNA barcoding technique (COI barcoding gene), and species identification results were compared against product labels. Cod mislabelling proved more severe in Ireland than in the UK (28.4% vs. 7.4%). Moreover, whereas data show that in Ireland, cheaper species are sold as cod, in the UK, threatened Atlantic cod (Gadus morhua) may be sold as ‘sustainably sourced’ Pacific cod. Considering these countries operate under the same EU policies for seafood traceability and labelling, it is likely that this situation has been influenced by heightened consumer awareness in the UK, which has created an environment where mislabelling is discouraged. In addition to identifying samples, traceability information from packaged cod was used to trace products back to supplying companies. Although inconclusive in determining blame, this exercise has demonstrated that using traceability information can add explanatory power when attempting to determine responsibility for the occurrence of mislabelling.     

Salmon importation and consumption in Taiwan

ABSTRACT

Few studies have investigated salmon consumption and trade in unconventional emerging markets. Using import data, we calculate average per capita monthly salmon consumption in Taiwan, where all supply is imported, and use weighted least squares regression to relate it to economic variables, such as price, income, product types, and the exchange rate. By doing so, we interpret importers’ willingness to import and the features of salmon consumption. Results show complementarity between frozen and fresh salmon import quantities, insignificant exchange rate pass-through effects, and strong seasonal factors affecting salmon import quantity. In addition, the import price elasticity of fresh salmon is slightly larger than one, and the income elasticity is 1.33. We conclude that salmon has already become an important item for Taiwanese consumers, representing a case of globalization and liberalization. By explicating attributes of emerging seafood markets, this analysis will support stakeholders to formulate seafood trade policies and marketing strategies.     

Evaluation of Seafood Product Concepts by Young Adults and Families with Young Children from Denmark,Norway, and Iceland

This article describes the results of a study that tested the responses to 14 seafood concepts among young adults and families with young children in Denmark, Norway, and Iceland. This study was aimed at gaining insight into the evaluation of new seafood product concepts by individuals with low seafood consumption. Based on consumer-reported values and previous concept-testing, 14 seafood product concepts were tested by 296 consumers in a web-based experiment. Consumers' preferences depended on the size of fish, the presence of information, and the fish species offered. Young adult consumers evaluated the product concepts differently than parents of young children. Three consumer clusters, based on attitudinal variables, were identified explaining the differences in the evaluation of the product concepts. The outcome of this study will be used to develop a product for realistic in-home testing.     

Interactions and management for the future of marine aquaculture and capture fisheries

Aquaculture surpassed wild fisheries as the largest supplier of fish for human consumption in 2014 and is expected to supply the majority of seafood for future increases in demand. Marine and coastal aquaculture, collectively referred to as mariculture, currently represents just 36% of aquaculture production but is poised to expand in the decades ahead. One of the most commonly cited concerns regarding this likely expansion is ecological and socioeconomic interactions with wild‐capture fisheries. While attention has largely been drawn to high‐profile negative externalities from fed finfish and crustacean mariculture, not all marine‐based practices are equivalent. Empirical evidence for the different interactions between mariculture and wild fisheries is often sparse. While negative consequences can arise, positive synergies can also occur. By considering mariculture development in the context of fisheries interactions, we suggest that it is possible to minimize conflicts and maximize positive connections between the two sectors. We provide the first comprehensive synthesis of the interactions between mariculture and wild fisheries, characterizing the types of interactions, evaluating available empirical evidence and identifying where management (sector‐specific and cooperative) can play an important role. We highlight potential effects of mariculture on the efficiency, sustainability, and equity of seafood production and identify remaining knowledge gaps.     

Economic feasibility of high Omega-3 soybean oil in mariculture diets: A sustainable replacement for fish oil

ABSTRACT

The growth of global aquaculture has put intense pressure on sources of fish oil and fishmeal for aquafeeds. The nutraceuticals industry has added further pressure on fish oils with high Omega-3 fatty acids. GM soybeans could provide substitutes in high Omega-3 soybean oil (STA oil), as well as soy protein concentrate (SPC). This article examines the technological and economic feasibility of substituting STA oil for one-half the fish oil in the diet of Seriola rivoliana, a species often destined for sushi markets. Previous studies have shown that the substitution results in no change in flesh quality or consumer acceptance. We find that the two feed technologies result in essentially identical growth pattern and feed consumption. Economic feasibility depends upon the price of STA oil being lower than the price of fish oil. Based on our market analysis, we estimate that STA oil will enter the market at a price about two-thirds of the fish oil price. The estimated cost savings at these prices are small, a 2.8% reduction in feed costs and 0.9% reduction in total costs. However, the potential global market for STA oil could be as much as 252 thousand metric tons annually, which would require soybean production equivalent to that from 1.63% of current U.S. soybean area.     

Understanding pressures on fishery resources through trade statistics: a pilot study of four products in the Chinese dried seafood market

This study investigates the dried seafood trade, centred in Chinese markets, in order to better understand the pressures its demand exerts on global marine resource stocks. Using Hong Kong, the region's largest entrepôt, as a focal point, the trade in shark fins, abalone, bêche‐de‐mer and dried fish is characterized in terms of product history, volume, source fisheries and species composition. Trends identified in the Hong Kong market are interpreted in the context of the larger Chinese market. Shark fin imports grew 6% per year between 1991 and 2000, most likely because of market expansion in Mainland China, posing increasingly greater pressures on global shark resources. In contrast, the quantities of dried abalone traded through Hong Kong remained steady, but inferences based on this trend are discouraged by suggestions of increasing preferences for fresh product forms and growing domestic production in Mainland China. Hong Kong's imports of dried bêche‐de‐mer (sea cucumber) have decreased, while the percentage of imports re‐exported has remained steady, suggesting that Hong Kong continues as an entrepôt for Mainland China despite declining domestic consumption. Few conclusions can be drawn regarding dried fish products, including whole fish and fish maws, because of a lack of product differentiation in customs data, but a market survey was conducted to provide information on species composition. Comparison of Hong Kong dried seafood trade statistics to those of other key trading partners indicates that, in general, Hong Kong's duty‐free status appears to encourage more accurate reporting of traded quantities. Under‐reporting biases ranged from 24 to 49% for shark fin and bêche‐de‐mer, respectively. Comparison to United Nations (UN) Food and Agriculture Organization (FAO) databases indicates additional under‐reporting for shark fin such that an alternative minimum estimate of world trade is at least twice the FAO estimates in 1998–2000. The results of a survey of Hong Kong traders provide insight into their attitudes toward harvest, economic and regulatory factors, and suggest that conservation efforts are unlikely to emerge from, or be actively supported by, dried seafood trade organizations. The market's apparent sensitivity to economic sentiment, however, reveals an opportunity for consumer education to play a role in shaping future market growth and resource conservation. Recommendations are provided for improving trade statistics and for developing better analytical techniques to complement traditional methods for monitoring the exploitation and management of fisheries resources.     

2013年全球鲆鲽类产品主要市场概况与分析

全球鲆鲽类产品市场动态影响到我国鲆鲽类养殖、来料加工出口贸易及国内市场同类产品的消费,适时把握情况十分必要。本文梳理了2013年度欧洲、北美和亚洲等世界主要市场中鲆鲽类产品的市场情况,分析了鲆鲽类产品的市场特征、市场指标变化规律及出现的新情况,为相关业界提供参考。     

A Voice-of-Consumer Approach in Development of New Seafood Product Concepts

This article describes a consumer-based approach for development of new seafood product concepts among young adults in Norway and Iceland. The study aim was to gain insight into how young adults determine their acceptance of seafood and make potential product choices. Additional insights measured were confidence in seafood preparation and consumption choices when exposed to specific new seafood concepts. Based on consumer-reported values, three seafood product concepts were evaluated by 354 consumers in a web-based, conjoint experiment in Norway and Iceland. Consumers' evaluations showed a number of consumer preferences for specific seafood product concepts partly associated with and partly conflicting with their original values. Understanding consumer attitudes can help to explain these results. The results of this study will be used as a guide for the next step in developing seafood product concepts.     

HAWAII IMPORTATION PERMITS AND SPECIES IN THE ENVIRONMENT

Hawaii's aquaculture industry is driven by the introduction and production of exotic species. At issue is the establishment of exotic species in the environment. The number of import permits issued can represent the potential for exotics to establish in the environment. More than half of the permits issued annually by the Plant Quarantine Branch are multiple entry-permits related to live marine food and ornamental organisms. Single entry-permits amount to about 150 permits per year for more ornamental than food organisms. Known listings of exotic species in the environment can indicate trends and potential species establishment. Since the 1960s, the numbers of exotic species established in the environment has matched those released by the State prior to 1960 for forage or game purposes. The majority of species released is probably owing to hobby-related activity and not that of the aquaculture industry. The ornamental sector of the industry is not sufficiently developed and production by Hawaii aquaculture farms is exported.     

Competition between farmed and wild fish: The French sea bass and sea bream markets

ABSTRACT

Aquaculture is contributing at an increasing rate to the world seafood supply. The interaction between fisheries and aquaculture is especially important for the seafood market where supply of wild and farmed fish can affect price dynamics. We examine market interactions in the French fresh sea bass and sea bream markets. We test for long-term price parity between farmed and wild products for these two species, applying a bivariate cointegration approach to market delineation. We also conduct the Law of One Price (LOP) test between price series. Our data base consists of monthly domestic price series for fish purchased by French households from 2007 to 2012. Our empirical results show that the fresh fish markets for whole wild and farmed sea bream are partially integrated, yet those for whole wild and farmed sea bass are not integrated. The substantially higher price for wild sea bass relative to farmed sea bass suggests that consumers may be more sensitive to seafood production processes when it comes to higher-value species.