The Integration of the Sea Bream and Sea Bass Market: Evidence from Greece and Spain

The relatively new aquaculture industry of sea bream and sea bass has grown rapidly in Mediterranean countries over the past decade. Greece is the leading production country and Spain is becoming the major market for the two species. Despite the importance of the industry, in that it contributes to the reduction of the EU trade deficit for fisheries products, and provides jobs in remote and rural areas, little effort has been made to analyse the market mainly due to its relatively low contribution to the GDP in production countries. This paper constitutes first step towards the understanding of the price formation mechanism for the market of sea bream and sea bass. Price data is used to test the hypothesis that a single European market for these species exists. Monthly price data are used to test the hypothesis for major markets in Greece and Spain. As most economic time series are non-stationary, cointegration is employed to assess the integration of the market

Assessment of the economic performance of the seabream and seabass aquaculture industry in the European Union

Production of gilthead seabream (Sparus aurata) and European seabass (Dicentrarchus labrax) is the second most important aquaculture industry in the European Union in value terms. During the last 10 years, the industry has experienced a process of industry concentration with the aim to overcome efficiency and profitability issues. However, the economic performance of the companies is still in general rather poor. The present work analyzes the economic performance of EU seabream and seabass companies in the period 2008?2016. The work is the first study to analyze companies? profitability in the EU as a whole, by country and company size, using economic and financial data extracted from companies? annual accounts. Based on the results, the study discusses the improvement of production and business profitability in recent years and the different factors that may have caused it, as well as the challenges and threats that seabream and seabass companies will have to face in order to achieve economic sustainability.This research was undertaken under the MedAID project, which has received funding from the European Union's Horizon 2020 Research and Innovation Programme under grant agreement no 727315 (http://www.medaid-h2020.eu/)

The decline of mussel aquaculture in the European Union: causes, economic impacts and opportunities

ABSTRATC: In contrast to the increasing aquaculture production of mussels worldwide, production in the European Union (EU) has shown a decreasing trend over the last two decades. Aquaculture production of mussels in the EU peaked in the late 1990s at more than 600 000 tonnes; by 2016, production volume had dropped by 20% to 480 000 tonnes. As mussel production represents more than 1/3 of EU aquaculture production, this decrease is an important contributor to the stagnation of EU aquaculture. Previous studies have suggested diseases, lack of mussel seed (spat), and low profitability as the main causes of the EU mussel production decrease. In this study, we investigate how economic and environmental factors have contributed. Moreover, we examine if the different mussel production techniques (raft, longline, on-bottom, and "bouchot") have been differently affected, by analysing the economic performance and cost structure evolution for the period 2010-2016. We complement these results with a SWOT (strengths, weaknesses, opportunities, and threats) analysis of the EU mussel sector based on expert knowledge

Seafood Labelling and Consumers Choices

In recent years, there has been a growing interest of promoting and rewarding the sustainable management in fisheries and aquaculture using product differentiation through eco-labelling and organic labeling respectively. At the same time food safety concerns arise due to the often food crisis experienced worldwide in the past few years. In this paper, we present a choice experiment addressing preferences for seafood products in Greece. Amongst other attributes, four different species (namely anchovy, cod, seabream and mussels) are included while two types of labels i.e. eco-label and organic label and a safety certification are introduced. As expected, new labels for fisheries products have a positive impact in the market. Consumers are positive towards the prospect of labelling for fisheries products, as compared to unlabelled products.Keywords: Fisheries Economics, Markets and Trade, Markets and Label

Collecting demographic data for the EU aquaculture sector: What can we learn?

The EU aquaculture industry is a politically prioritized industry as shown in the EU's Farm to Fork Strategy. The political objectives include biological, economic and social sustainability of the industry. However, while a lot of attention has been paid to the economic importance and environmental impact from the aquaculture sector, there has been less focus on the social dimension. This paper contributes to the development of the social dimension by providing a baseline of the employment structure in the EU aquaculture sector. This is done by producing the first coherent overview of the employment in the sector presenting demographic information on gender, age, education and nationality. Data are further provided by country, by production technology, and by sector (marine, fresh water, shellfish). The results show that the sector is dominated by employees that are citizens of the same country as they are employed, are male, are between 40 and 64 years old, and have a low to medium level of education

Assessment of the economic performance of the seabream and seabass aquaculture industry in the European Union

Production of gilthead seabream (Sparus aurata) and European seabass (Dicentrarchus labrax) is the second most important aquaculture industry in the European Union in value terms. During the last 10 years, the industry has experienced a process of industry concentration with the aim to overcome efficiency and profitability issues. However, the economic performance of the companies is still in general rather poor. The present work analyzes the economic performance of EU seabream and seabass companies in the period 2008–2016. The work is the first study to analyze companies' profitability in the EU as a whole, by country and company size, using economic and financial data extracted from companies’ annual accounts. Based on the results, the study discusses the improvement of production and business profitability in recent years and the different factors that may have caused it, as well as the challenges and threats that seabream and seabass companies will have to face in order to achieve economic sustainability.info:eu-repo/semantics/acceptedVersio