Globalisation in Fisheries and Aquaculture

Opportunities and Challenges

image of Globalisation in Fisheries and Aquaculture

This overview of global markets for fish and fish products finds that they have changed considerably over the past few decades and continue to do so, with ever growing interactions across countries and continents. Change has brought substantial benefits to the world economy and a number of policy challenges for governments. To meet these challenges, without compromising the advantages of increasing market interactions, countries must develop and implement fisheries management frameworks and aquaculture strategies that accommodate globalisation without undermining resource sustainability.



Globalisation in the Aquaculture Sector

Companies in the aquaculture sector have pursued a globalisation strategy based on foreign direct investment in aquaculture installations abroad or through fragmenting parts of the farming process to other companies. Production and transport costs in salmon farming differ considerably across producing countries due to labour costs and distance to markets. Concentration is occurring in the aquaculture sector, both in production and in companies providing inputs, particularly in the feed compound business; there are important economies of scale in aquaculture production as modern aquaculture is capital and knowledge intensive. Access to raw material (fish for reduction to meal and oil) is a key consideration in this respect. However this aspect may be of decreasing importance as research into alternative feed compounds based on vegetable material starts bearing fruit. A key policy implementation issue is the provision of sustainable and responsible aquaculture practices in producing countries. The implementation of national aquaculture plans are in this respect particularly important in outlining a future vision for the sector.


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