Value chain model of the smoked fish industry in small island

Abstract

A fishing industry value chain model identifies production, distribution, and marketing stages that enhance the value of fishery products. It aids in cost breakdown, process optimization, and gaining a competitive advantage. The study links activities from fresh fish to smoked fish, tracking the entire process to the final consumer and identifying all involved actors. Quantitative and qualitative methods analyze data, determining production costs, selling prices, added value, and ratios in each distribution channel. Findings reveal six key players in the smoked fish value chain: fishermen, wholesalers, traders, processors/IKM, retailers, and consumers. Fishermen, wholesalers, and traders supply raw materials to processors/SMEs, which act as both producers and distributors. Retailers sell directly to consumers. Significant added value, exceeding 40%, suggests ample potential for growth in the smoked fish industry. The value chain model holds implications for fisheries in small islands with abundant natural resources, promoting increased efficiency, business sustainability, improved quality, social sustainability, enhanced added value, market development, monitoring, supervision, and strategic planning. Some policy recommendations from this study are expected to create a conducive environment for business sustainability, improved product quality, and added value in the smoked fish industry, as well as provide positive benefits to local communities and maintain market order.