The estimate of world demand for Pangasius catfish (Pangasiusianodon hypopthalmus)

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

The estimate of world demand for Pangasius catfish (Pangasiusianodon hypopthalmus). / Tien Thong, Nguyen; Nielsen, Max; Roth, Eva; Nguyen, Giap Van; Stubbe Solgaard, Hans.

In: Aquaculture Economics & Management, Vol. 21, No. 3, 2017, p. 400-417.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Tien Thong, N, Nielsen, M, Roth, E, Nguyen, GV & Stubbe Solgaard, H 2017, 'The estimate of world demand for Pangasius catfish (Pangasiusianodon hypopthalmus)', Aquaculture Economics & Management, vol. 21, no. 3, pp. 400-417. https://doi.org/10.1080/13657305.2016.1261961

APA

Tien Thong, N., Nielsen, M., Roth, E., Nguyen, G. V., & Stubbe Solgaard, H. (2017). The estimate of world demand for Pangasius catfish (Pangasiusianodon hypopthalmus). Aquaculture Economics & Management, 21(3), 400-417. https://doi.org/10.1080/13657305.2016.1261961

Vancouver

Tien Thong N, Nielsen M, Roth E, Nguyen GV, Stubbe Solgaard H. The estimate of world demand for Pangasius catfish (Pangasiusianodon hypopthalmus). Aquaculture Economics & Management. 2017;21(3):400-417. https://doi.org/10.1080/13657305.2016.1261961

Author

Tien Thong, Nguyen ; Nielsen, Max ; Roth, Eva ; Nguyen, Giap Van ; Stubbe Solgaard, Hans. / The estimate of world demand for Pangasius catfish (Pangasiusianodon hypopthalmus). In: Aquaculture Economics & Management. 2017 ; Vol. 21, No. 3. pp. 400-417.

Bibtex

@article{587247b813134a0199e71233f188b886,
title = "The estimate of world demand for Pangasius catfish (Pangasiusianodon hypopthalmus)",
abstract = "This research described in this article aimed to investigate international market potentials for Pangasius catfish (Pangasianodon hypopthalmus). The monthly export data from Vietnam, which accounts for more than 95% of the global export value, in the period 2007 to 2014, were used to estimate a non-linear Inverse Almost Ideal Demand System of the seven market regions. Prices in all markets are found very inflexible, with own-price flexibilities on −0.200 to −0.917, or −0.419 on average, revealing the option of expanding global production and export without inducing a substantial price reduction. Consumers in all markets except Latin America evaluate Pangasius as a necessary good, indicating that the Pangasius industry is relatively little affected by recessions and booms in the world economy. The major markets are substitutes for each other; therefore, if demand at one market region is reduced, the presence of substitution leads suppliers to find other markets. The results reveal that demand provides stable framework conditions for the Pangasius industry.",
keywords = "IAIDS, market potential, market substitution, Mekong Delta, Pangasius catfish, price flexibility",
author = "{Tien Thong}, Nguyen and Max Nielsen and Eva Roth and Nguyen, {Giap Van} and {Stubbe Solgaard}, Hans",
year = "2017",
doi = "10.1080/13657305.2016.1261961",
language = "English",
volume = "21",
pages = "400--417",
journal = "Aquaculture, Economics and Management",
issn = "1365-7305",
publisher = "Taylor & Francis",
number = "3",

}

RIS

TY - JOUR

T1 - The estimate of world demand for Pangasius catfish (Pangasiusianodon hypopthalmus)

AU - Tien Thong, Nguyen

AU - Nielsen, Max

AU - Roth, Eva

AU - Nguyen, Giap Van

AU - Stubbe Solgaard, Hans

PY - 2017

Y1 - 2017

N2 - This research described in this article aimed to investigate international market potentials for Pangasius catfish (Pangasianodon hypopthalmus). The monthly export data from Vietnam, which accounts for more than 95% of the global export value, in the period 2007 to 2014, were used to estimate a non-linear Inverse Almost Ideal Demand System of the seven market regions. Prices in all markets are found very inflexible, with own-price flexibilities on −0.200 to −0.917, or −0.419 on average, revealing the option of expanding global production and export without inducing a substantial price reduction. Consumers in all markets except Latin America evaluate Pangasius as a necessary good, indicating that the Pangasius industry is relatively little affected by recessions and booms in the world economy. The major markets are substitutes for each other; therefore, if demand at one market region is reduced, the presence of substitution leads suppliers to find other markets. The results reveal that demand provides stable framework conditions for the Pangasius industry.

AB - This research described in this article aimed to investigate international market potentials for Pangasius catfish (Pangasianodon hypopthalmus). The monthly export data from Vietnam, which accounts for more than 95% of the global export value, in the period 2007 to 2014, were used to estimate a non-linear Inverse Almost Ideal Demand System of the seven market regions. Prices in all markets are found very inflexible, with own-price flexibilities on −0.200 to −0.917, or −0.419 on average, revealing the option of expanding global production and export without inducing a substantial price reduction. Consumers in all markets except Latin America evaluate Pangasius as a necessary good, indicating that the Pangasius industry is relatively little affected by recessions and booms in the world economy. The major markets are substitutes for each other; therefore, if demand at one market region is reduced, the presence of substitution leads suppliers to find other markets. The results reveal that demand provides stable framework conditions for the Pangasius industry.

KW - IAIDS

KW - market potential

KW - market substitution

KW - Mekong Delta

KW - Pangasius catfish

KW - price flexibility

U2 - 10.1080/13657305.2016.1261961

DO - 10.1080/13657305.2016.1261961

M3 - Journal article

AN - SCOPUS:85006915702

VL - 21

SP - 400

EP - 417

JO - Aquaculture, Economics and Management

JF - Aquaculture, Economics and Management

SN - 1365-7305

IS - 3

ER -

ID: 178794054