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Market concentration in the Spanish turbot aquaculture sector: A regional analysis

Author

Listed:
  • Raquel Fernández‐González
  • Marcos I. Pérez‐Pérez
  • María Dolores Garza Gil

Abstract

This paper analyses the regional evolution of the market structure in the Spanish turbot industry, which is the leading turbot producer in Europe, using different concentration rates. The analysis is performed considering several factors that have influenced the evolution of the sector, the most important being the application of technology, business strategies and the institutional framework. The results confirm a process of concentration. Starting from an initial phase in which the sector was composed of a considerable number of small companies, this industry has evolved towards a situation in which only two large firms dominate the market. Este artículo analiza la evolución regional de la estructura del mercado en la industria española del rodaballo, la mayor productora de rodaballo en Europa, mediante el empleo de diferentes índices de concentración. El análisis se realizó teniendo en cuenta varios factores que han influido en la evolución del sector, entre los más importantes el uso de tecnología, las estrategias empresariales y el marco institucional. Los resultados confirman un proceso de concentración. Partiendo de una fase inicial en la que el sector estaba compuesto por un gran número de pequeñas empresas, esta industria ha evolucionado hacia una situación en la que tan sólo dos grandes empresas dominan el mercado. 本稿では、ヨーロッパの主要なターボット生産者であるスペインのターボット養殖産業における市場構造の地域的進化を、異なる濃度率を用いて分析した。このセクターの発展に影響を与えたいくつかの要因を考慮して分析を行う。最も重要なのは、技術の応用、事業戦略、制度的枠組みである。分析の結果から、集中化の過程が確認された。この産業が生まれた当初はかなりの数の小企業で構成されていたが、現在では2大企業のみが市場を支配する状況に発展した。

Suggested Citation

  • Raquel Fernández‐González & Marcos I. Pérez‐Pérez & María Dolores Garza Gil, 2021. "Market concentration in the Spanish turbot aquaculture sector: A regional analysis," Papers in Regional Science, Wiley Blackwell, vol. 100(3), pages 777-794, June.
    • Handle: RePEc:bla:presci:v:100:y:2021:i:3:p:777-794
    DOI: 10.1111/pirs.12589
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    References listed on IDEAS

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    1. El Diri, Malek & Lambrinoudakis, Costas & Alhadab, Mohammad, 2020. "Corporate governance and earnings management in concentrated markets," Journal of Business Research, Elsevier, vol. 108(C), pages 291-306.
    2. Trond Bjørndal & Jordi Guillen, 2017. "Market integration between wild and farmed seabream and seabass in Spain," Applied Economics, Taylor & Francis Journals, vol. 49(45), pages 4567-4578, September.
    3. Nguyen, Phong Nha & Woo, Su-Han & Beresford, Anthony & Pettit, Stephen, 2020. "Competition, market concentration, and relative efficiency of major container ports in Southeast Asia," Journal of Transport Geography, Elsevier, vol. 83(C).
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