As a result of increased cultured activities, the world shrimp market has been expanded significantly during the past two decades. Because the growth in world supply has exceeded that of growth in demand, the deflated world shrimp price has fallen significantly since the mid-1980s. While a large producer of shrimp (primarily in the Gulf of Mexico), the United States is also the worlds largest importer. In general, the Gulf of Mexico dockside price is determined by the world export price and, as such, the Gulf of Mexico price has fallen sharply in recent years. This study quantifies the impact on the U.S. Gulf of Mexico dockside shrimp price associated with increased cultured shrimp activities and concomitant increased exports to the U.S. market.
For purposes of analysis, a set of import demand and export supply equations were estimated. Specifically, import demand equations were estimated for three countries (regions) that account for the majority of shrimp imports the United States, Japan, and the European Union. Similarly, export supply equations, were developed for the three primary warm-water shrimp producing regions Asia, South America, and Central America. Finally, an inverse demand equation associated with U.S. Gulf of Mexico shrimp production was estimated.
Results suggest that the increased cultured production from the three regions has had a significant impact on the Gulf of Mexico dockside price. For example, results indicate that the Gulf of Mexico dockside price is expected to decline by approximately 3.5% for every 10% increase in Asian production of cultured shrimp. Similarly, analysis suggests that the estimated decline in dockside price associated with a 10% increase in South American cultured shrimp production is 2.2%. While an increase in Central American cultured shrimp production was also found to significantly reduce the dockside price, increases in captured shrimp production were found to have a greater impact.
| Identifer | oai:union.ndltd.org:LSU/oai:etd.lsu.edu:etd-01242008-125555 |
| Date | 24 January 2008 |
| Creators | Poudel, Pawan |
| Contributors | Walter R. Keithly Jr., Richard F. Kazmierczak, P. Lynn Kennedy |
| Publisher | LSU |
| Source Sets | Louisiana State University |
| Language | English |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lsu.edu/docs/available/etd-01242008-125555/ |
| Rights | unrestricted, I hereby certify that, if appropriate, I have obtained and attached herein a written permission statement from the owner(s) of each third party copyrighted matter to be included in my thesis, dissertation, or project report, allowing distribution as specified below. I certify that the version I submitted is the same as that approved by my advisory committee. I hereby grant to LSU or its agents the non-exclusive license to archive and make accessible, under the conditions specified below and in appropriate University policies, my thesis, dissertation, or project report in whole or in part in all forms of media, now or hereafter known. I retain all other ownership rights to the copyright of the thesis, dissertation or project report. I also retain the right to use in future works (such as articles or books) all or part of this thesis, dissertation, or project report. |
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