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Globalization and commoditization: The transformation of the seafood market

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  • Anderson, James L.
  • Asche, Frank
  • Garlock, Taryn

Abstract

The seafood market has changed dramatically in recent decades. Increased trade has created a global market for groups of species with similar characteristics, and the number of species that are becoming part of these global market segments continue to grow. Increased trade and stagnating landings of wild fish has also facilitated the rapid growth of the aquaculture industry and made it the world's fastest growing food production technology. The growth in aquaculture has been sufficient to also increase the per capita consumption of seafood globally. These two factors have allowed scale, modern logistics and marketing practices to be used also for seafood, increasingly commoditizing the main species groups.

Suggested Citation

  • Anderson, James L. & Asche, Frank & Garlock, Taryn, 2018. "Globalization and commoditization: The transformation of the seafood market," Journal of Commodity Markets, Elsevier, vol. 12(C), pages 2-8.
    • Handle: RePEc:eee:jocoma:v:12:y:2018:i:c:p:2-8
    DOI: 10.1016/j.jcomm.2017.12.004
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    Cited by:

    1. Moor, Jordan & Asche, Frank & Ropicki, Andrew J., 2023. "Renewable resource market responses under rights-based management: linkages in Gulf of Mexico fisheries," 2023 Annual Meeting, July 23-25, Washington D.C. 335749, Agricultural and Applied Economics Association.
    2. Radika Kumar & Ronald Ravinesh Kumar & Peter Josef Stauvermann & Pallavi Arora, 2020. "Effect of Fisheries Subsidies Negotiations on Fish Production and Interest Rate," JRFM, MDPI, vol. 13(12), pages 1-16, November.
    3. Fang, Yingkai & Asche, Frank, 2021. "Can U.S. import regulations reduce IUU fishing and improve production practices in aquaculture?," Ecological Economics, Elsevier, vol. 187(C).
    4. Williams, Gary W. & Capps Jr., Oral, 2020. "Generic promotion of Norwegian seafood exports," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 23(3), August.
    5. Aleksandar Shivarov, 2021. "Global Interdependencies in Seafood Trade: The Case of Bulgaria," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 10(3), pages 110-121, December.
    6. Eegunjobi, Ruth, 2023. "Do Service-oriented Seafood Products Hinder Export Performance? An Insight from Namibia," African Journal of Economic Review, African Journal of Economic Review, vol. 11(3), June.
    7. Gabriel Englander & Christopher Costello, 2023. "A fish cartel for Africa," Nature Communications, Nature, vol. 14(1), pages 1-10, December.
    8. Wolff, François-Charles & Asche, Frank, 2022. "Pricing heterogeneity and transaction mode: Evidence from the French fish market," Journal of Economic Behavior & Organization, Elsevier, vol. 203(C), pages 67-79.
    9. Jara Laso & Israel Ruiz-Salmón & María Margallo & Pedro Villanueva-Rey & Lucía Poceiro & Paula Quinteiro & Ana Cláudia Dias & Cheila Almeida & António Marques & Eduardo Entrena-Barbero & María Teresa , 2022. "Achieving Sustainability of the Seafood Sector in the European Atlantic Area by Addressing Eco-Social Challenges: The NEPTUNUS Project," Sustainability, MDPI, vol. 14(5), pages 1-25, March.
    10. Bronnmann, Julia & Asche, Frank & Pettersen, Ingrid Kristine & Sogn-Grundvåg, Geir, 2023. "Certify or not? The effect of the MSC certification on the ex-vessel prices for Atlantic cod in Norway," Ecological Economics, Elsevier, vol. 212(C).
    11. Onozaka, Yuko & Honkanen, Pirjo & Altintzoglou, Themistoklis, 2023. "Sustainability, perceived quality and country of origin of farmed salmon: Impact on consumer choices in the USA, France and Japan," Food Policy, Elsevier, vol. 117(C).
    12. Maria Gabriela Mendonça Peixoto & Maria Cristina Angélico Mendonça & Cleber Carvalho de Castro & Luiz Gonzaga de Castro Júnior & Gustavo Alves de Melo & Mário Otávio Batalha, 2022. "Evaluation of the operational efficiency of southeast intermodal terminals in the grain logistics chain using data envelopment analysis," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(7), pages 3044-3058, October.
    13. Asche, Frank & Bronnmann, Julia & Cojocaru, Andreea L., 2021. "The value of responsibly farmed fish: A hedonic price study of ASC-certified whitefish," Ecological Economics, Elsevier, vol. 188(C).
    14. Naylor, Rosamond & Fang, Safari & Fanzo, Jessica, 2023. "A global view of aquaculture policy," Food Policy, Elsevier, vol. 116(C).

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