Production cost and competitiveness in major salmon farming countries 2003–2018
This paper investigates the development of production costs in aquaculture of Atlantic salmon between the five main producer countries. A unique data set allows us to analyse the development in the period 2003 to 2018. Costs have developed differently between countries, with Chile and the Faroe Isla...
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| Published in: | Aquaculture 2020-05, Vol.522, p.735089, Article 735089 |
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| Main Authors: | , , , |
| Format: | Article |
| Language: | eng |
| Online Access: | Get full text |
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| Summary: | This paper investigates the development of production costs in aquaculture of Atlantic salmon between the five main producer countries. A unique data set allows us to analyse the development in the period 2003 to 2018. Costs have developed differently between countries, with Chile and the Faroe Islands standing out with strong and different changes. Chile sees a strong increase in cost and moves from being the lowest to the highest cost producer, and then to lowest again. The Faroe Islands has the opposite development and moves from being the highest to one of the lowest cost producers. For Norway and Canada the changes are considerably smaller, while Scotland has had the most marked cost increase. For the Faroe Islands and Chile, major disease outbreaks play a major role in explaining the change in cost. Differences between countries are also related to scale, natural conditions, currency development and regulations. Results show that Norway's position as the leading salmon producing country in terms of market share seems justified by its low production cost.
•Development in production cost are important for determining which regions increase production and market share•The paper uses a unique data set on average production cost for the major salmon farming countries to investigate this•Cost in the largest producer, Norway is low during the whole period, contributing to maintaining a large market share•Chile goes from the lowest to the highest and back to the lowest cost, and Faroe Islands from the highest to very low costs - Both developments are closely linked to major disease occurrences, highlighting the importance of disease |
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| ISSN: | 0044-8486 1873-5622 |