The estimate of world demand for Pangasius catfish (Pangasiusianodon hypopthalmus)
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The estimate of world demand for Pangasius catfish (Pangasiusianodon hypopthalmus). / Tien Thong, Nguyen; Nielsen, Max; Roth, Eva; Nguyen, Giap Van; Stubbe Solgaard, Hans.
I: Aquaculture Economics & Management, Bind 21, Nr. 3, 2017, s. 400-417.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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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