Competitiveness of Indonesia's Fresh Lobster Market with China

Abstract

Fresh lobster is a strategic fishery commodity for economic development because it has a fairly high selling value. However, the volume and value of exports from year to year tend to decrease, which amounted to 69899.7 US$ in 2013 decreased by 29425.6 US$ in 2018. Most of the exports of fresh lobster to China, namely the average export value per year during 2012-2018 67% of all Indonesian fresh lobster exports. Based on this, this study aims to analyze: (1) the competitive position of Indonesian lobster, (2) the factors that influence the competitiveness of Indonesian fresh lobster in the international market. The competitive position of Indonesian fresh lobster was analyzed using the Export Product Dynamic (EPD) and Revealed Comparative Advantage (RCA) approaches, the factors that affect the competitiveness of the model used by VECM (Vector Error Correction Model). Based on the EPD and RCA analysis, it can be shown that Indonesian fresh lobster has a comparative advantage in the China market. The factors that affect the competitiveness of Indonesian fresh lobster in the short term are the export price of fresh lobster from competing countries (Australia) to China, the population of China. Meanwhile, in the long term, the factors that influence competitiveness are the export price of Indonesian fresh lobster to China and the population of China.