Environmental and Resource Economics

, Volume 56, Issue 4, pp 467–480 | Cite as

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

  • Wilf SwartzEmail author
  • Rashid Sumaila
  • Reg Watson


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.


Ex-vessel price Landed value Global marine fisheries 


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Asche F, Bjorndal T, Gordon DV (2007) Studies in the demand structure for fish and seafood products. In: Weintraub A, Romero C, Bjørndal T, Epstein R, Miranda J (eds) Handbook of operations research in natural resources. International series in operations research and management science vol 99. Springer, NewYork, pp 295–314Google Scholar
  2. Barten AP, Bettendorf LJ (1989) Price formation of fish: an application of an inverse demand system. Eur Econ Rev 33(8): 1509–1525CrossRefGoogle Scholar
  3. Berkes F, Hughes TP, Steneck RS, Wilson JA, Bellwood DR, Crona B, Folke C, Gunderson LH, Leslie HM, Norberg J, Nystrom M, Olsson P, Osterblom H, Scheffer M, Worm B (2006) Globalization, roving bandits, and marine resources. Science 311(5767): 1557–1558CrossRefGoogle Scholar
  4. Christensen V, Walters CJ, Ahrens R, Alder J, Buszowski J, Christensen LB, Cheung WWL, Dunne J, Froese R, Karpouzi V, Kaschner K, Kearney K, Lai S, Lam V, Palomares MLD, Peters-Mason A, Piroddi C, Sarmiento JL, Steenbeek J, Sumaila R, Waton R, Zeller D, Pauly D (2009) Database-driven models of the world’s large marine ecosystems. Ecol Model 220(17): 1984–1996CrossRefGoogle Scholar
  5. Edeson WR (1999) Legal aspects of the collection of fisheries data. FAO fisheries circular no 953. FAO, RomeGoogle Scholar
  6. FAO (2008) FAO yearbook: fishery and aquaculture statistics. FAO, RomeGoogle Scholar
  7. Heston A, Summers R, Aten B (2011) Penn world table version 7.0, Center for international comparisons of production, income and prices at the University of Pennsylvania. Cited 1 June 2011
  8. Ioannidis C, Whitmarsh D (1987) Price formation in fisheries. Mar Pol 11(2): 143–145CrossRefGoogle Scholar
  9. Iwasaki H (1997) Nihon gyogyo no tenkai katei (Development process of Japanese fisheries). Kajisha, TokyoGoogle Scholar
  10. McConnell KE, Strand IE (2000) Hedonic prices for fish: tuna prices in Hawaii. Am J Agr Econ 82(1): 133–144CrossRefGoogle Scholar
  11. Rosegrant MW, Ringler C, Msangi S, Sulser TB, Zhu T, Cline SA (2008) International model for policy analysis of agriculture commodities and trade (IMPACT): model description. International Food Policy Research Institute, WashingtonGoogle Scholar
  12. Sethi SA, Branch TA, Watson R (2010) Global fishery development patterns are driven by profit but not trophic level. PNAS 107(27): 12163–12167CrossRefGoogle Scholar
  13. Sumaila UR, Marsden AD, Watson R, Pauly D (2007) A global ex-vessel fish price database: construction and applications. J Bioecon 9(1): 39–51CrossRefGoogle Scholar
  14. Sumaila UR, Khan AS, Dyck AJ, Watson R, Munro G, Tydemers P, Pauly D (2010) A bottom-up re-estimation of global fisheries subsidies. J Bioecon 12(3): 201–225CrossRefGoogle Scholar
  15. Summers R (1973) International comparisons with incomplete data. Rev Income Wealth 29(1): 1–16CrossRefGoogle Scholar
  16. Swartz W, Sala E, Tracey S, Watson R, Pauly D (2010a) The spatial expansion and ecological footprint of fisheries (1950 to present). PLoS One 5(12): e15143CrossRefGoogle Scholar
  17. Swartz W, Sumaila UR, Watson R, Pauly D (2010b) Sourcing seafood for the three major markets: the EU, Japan and the USA. Mar Pol 34: 1366–1373CrossRefGoogle Scholar
  18. Watson R, Kitchingman A, Gelchu A, Pauly D (2004) Mapping global fisheries: sharpening our focus. Fish Fish 5(2): 168–177CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media Dordrecht 2012

Authors and Affiliations

  1. 1.University of British ColumbiaVancouverCanada

Personalised recommendations