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Global Ex-vessel Fish Price Database Revisited: A New Approach for Estimating ‘Missing’ Prices

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  • Wilf Swartz
  • Rashid Sumaila
  • Reg Watson

Abstract

The Global Ex-vessel Fish Price Database (Ex-vessel DB) reported in Sumaila et al. (J Bioecon 9(1):39–51, 2007 ) was the first comprehensive database that presents average annual ex-vessel prices for all commercially exploited marine fish stocks by nationality of the fishing fleet. It contained over 30,000 reported price items, covering the period from 1950 to the present, and supplemented missing prices with estimates based on prices from a different year, species group or fleet nationality. This paper describes a revised missing price estimation approach, focused on the computation of annual average international prices for each species group, adjusted to domestic prices using the real exchange rate based on national purchasing power parity. Key advantages of the new approach are that it allows a larger number of reported prices to be used in the price estimation, and accounts for relative price level differences that exist between countries. Our new approach should improve the estimates in regions where reported prices are scarce or non-existent by linking domestic prices to the trends in international prices. Our analysis, based on the revised ex-vessel price estimates (in real 2005 USD), shows that the global marine fisheries landings have generated total value of USD 4.2 trillion since 1950, including USD 100 billion in 2005. Copyright Springer Science+Business Media Dordrecht 2013

Suggested Citation

  • Wilf Swartz & Rashid Sumaila & Reg Watson, 2013. "Global Ex-vessel Fish Price Database Revisited: A New Approach for Estimating ‘Missing’ Prices," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 56(4), pages 467-480, December.
    • Handle: RePEc:kap:enreec:v:56:y:2013:i:4:p:467-480
    DOI: 10.1007/s10640-012-9611-1
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    References listed on IDEAS

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    1. Kenneth E. McConnell & Ivar E. Strand, 2000. "Hedonic Prices for Fish: Tuna Prices in Hawaii," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(1), pages 133-144.
    2. Loannides, Chris & Whitmarsh, David, 1987. "Price formation in fisheries," Marine Policy, Elsevier, vol. 11(2), pages 143-145, April.
    3. Barten, A. P. & Bettendorf, L. J., 1989. "Price formation of fish : An application of an inverse demand system," European Economic Review, Elsevier, vol. 33(8), pages 1509-1525, October.
    4. U. Sumaila & A. Marsden & Reg Watson & Daniel Pauly, 2007. "A Global Ex-vessel Fish Price Database: Construction and Applications," Journal of Bioeconomics, Springer, vol. 9(1), pages 39-51, April.
    5. Frank Asche & Trond Bjørndal & Daniel V. Gordon, 2007. "Studies in the Demand Structure for Fish and Seafood Products," International Series in Operations Research & Management Science, in: Andres Weintraub & Carlos Romero & Trond Bjørndal & Rafael Epstein & Jaime Miranda (ed.), Handbook Of Operations Research In Natural Resources, chapter 0, pages 295-314, Springer.
    6. U. Sumaila & Ahmed Khan & Andrew Dyck & Reg Watson & Gordon Munro & Peter Tydemers & Daniel Pauly, 2010. "A bottom-up re-estimation of global fisheries subsidies," Journal of Bioeconomics, Springer, vol. 12(3), pages 201-225, October.
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    2. Ghermandi, Andrea & Obura, David & Knudsen, Camilla & Nunes, Paulo A.L.D., 2019. "Marine ecosystem services in the Northern Mozambique Channel: A geospatial and socio-economic analysis for policy support," Ecosystem Services, Elsevier, vol. 35(C), pages 1-12.
    3. Samy-Kamal, Mohamed & Forcada, Aitor & Sánchez Lizaso, José Luis, 2015. "Daily variation of fishing effort and ex-vessel prices in a western Mediterranean multi-species fishery: Implications for sustainable management," Marine Policy, Elsevier, vol. 61(C), pages 187-195.
    4. Andrés M. Cisneros‐Montemayor & Sarah Harper & Travis C. Tai, 2018. "The market and shadow value of informal fish catch: a framework and application to Panama," Natural Resources Forum, Blackwell Publishing, vol. 42(2), pages 83-92, May.
    5. Bevilacqua, Ana Helena V. & Angelini, Ronaldo & Steenbeek, Jeroen & Christensen, Villy & Carvalho, Adriana R., 2019. "Following the Fish: The Role of Subsistence in a Fish-based Value Chain," Ecological Economics, Elsevier, vol. 159(C), pages 326-334.
    6. Wehner, Nicholas & FAO,, 2017. "Improving our knowledge on small-scale fisheries: data needs and methodologies," MarXiv vnwc2, Center for Open Science.

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