| Literature DB >> 36174038 |
Nguyen Minh Khiem1,2, Yuki Takahashi3, Hiroki Yasuma3, Khuu Thi Phuong Dong4, Tran Ngoc Hai5, Nobuo Kimura3.
Abstract
Predicting the export price of shrimp is important for Vietnam's fisheries. It not only promotes product quality but also helps policy makers determine strategies to develop the national shrimp industry. Competition in global markets is considered to be an important factor, one that significantly influences price. In this study, we predicted trends in the export price of Vietnamese shrimp based on competitive information from six leading exporters (China, India, Indonesia, Thailand, Ecuador, and Chile) who, alongside Vietnam, also export shrimp to the US. The prediction was based on a dataset collected from the US Department of Agriculture (USDA), the Food and Agriculture Organization of the United Nations (FAO), and the World Trade Organization (WTO) (May-1995 to May-2019) that included price, required farming certificates, and disease outbreak data. A super learner technique, which combined 10 single algorithms, was used to make predictions in selected base periods (3, 6, 9, and 12 months). It was found that the super learner obtained results in all base periods that were more accurate and stable than any candidate algorithms. The impacts of variables in the predictive model were interpreted by a SHapley Additive exPlanations (SHAP) analysis to determine their influence on the price of Vietnamese exports. The price of Indian, Thai, and Chinese exports highlighted the advantages of being a World Trade Organization member and the disadvantages of the prevalence of shrimp disease in Vietnam, which has had a significant impact on the Vietnamese shrimp export price.Entities:
Mesh:
Year: 2022 PMID: 36174038 PMCID: PMC9522284 DOI: 10.1371/journal.pone.0275290
Source DB: PubMed Journal: PLoS One ISSN: 1932-6203 Impact factor: 3.752
Fig 1The correlations price between Vietnamese export shrimp and that of other countries.
List of variables.
| Variables | Description |
|---|---|
| DifferencePriceVN_China | Price gap between Vietnam and China |
| DifferencePriceVN_Indonesia | Price gap between Vietnam and Indonesia |
| DifferencePriceVN_India | Price gap between Vietnam and India |
| DifferencePriceVN_Thailand | Price gap between Vietnam and Thailand |
| DifferencePriceVN_Chile | Price gap between Vietnam and Chile |
| DifferencePriceVN_Ecuador | Price gap between Vietnam and Ecuador |
| Certificated_SQF | Number of competitive countries with Safe Quality Food certificates |
| Certificated_HACCP | Number of competitive countries with Hazard Analysis and Critical Control Point certifications |
| Certificated_ASC | Number of competitive countries with Aquaculture Stewardship Council certificates |
| Infected_EMS | Number of competitive countries confirmed to be infected by Early Mortality Symptom in cultured shrimp |
| Member_WTO | Number of competitive countries that are members of the WTO |
| Applied_GAP | Number of competitive countries that apply global Good Agricultural Practice |
| Imposed_ANTI | Number of competitive countries subject to anti-dumping laws by the USA. |
Forward selection of candidate algorithms.
| Step | Candidate algorithm | MAPE |
|---|---|---|
| 0 | Random forest, Gradient boosting | 5.16% |
| 1 | Elastic net | 3.21% |
| 2 | Lasso | 2.84% |
| 3 | Decision tree | 2.27% |
| 4 | K-nearest neighbor | 1.95% |
| 5 | Linear regression | 1.16% |
| 6 | SVR | 1.01% |
| 7 | Bridge | 0.95% |
| 8 | Neural network | 0.80% |
Fig 2Concept of the super learner.
Candidate algorithm (Algo_1 to Algo_n) and independent variable in dataset (var_1 to var_n).
Prediction for 3, 6, 9, and 12 months base.
| Period base | Candidate algorithm | Supper learning | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Linear Reg. | Elastic Net | SVR | Decision Tree | K-NN | Random Forest | Gradient Boosting | Neural network | Ridge | Lasso | |||
| 3 months | MAE | 0.822 | 0.755 | 0.696 | 1.036 | 0.794 | 0.788 | 0.708 | 1.195 | 0.663 | 0.650 | 0.095 |
| MAPE | 6.91% | 6.34% | 5.85% | 8.71% | 6.67% | 6.62% | 5.95% | 10.04% | 5.57% | 5.46% | 0.80% | |
| MSE | 1.063 | 0.867 | 0.677 | 1.783 | 0.973 | 0.978 | 0.782 | 3.386 | 0.637 | 0.651 | 0.021 | |
| MSPE | 0.75% | 0.61% | 0.48% | 1.26% | 0.69% | 0.69% | 0.55% | 2.39% | 0.45% | 0.46% | 0.01% | |
| 6 months | MAE | 1.156 | 0.761 | 0.717 | 0.893 | 0.781 | 0.719 | 0.734 | 1.644 | 1.037 | 0.705 | 0.142 |
| MAPE | 9.71% | 6.39% | 6.03% | 7.50% | 6.56% | 6.04% | 6.17% | 13.82% | 8.71% | 5.92% | 1.19% | |
| MSE | 2.236 | 0.872 | 0.714 | 1.313 | 1.016 | 0.761 | 0.761 | 5.655 | 1.777 | 0.701 | 0.063 | |
| MSPE | 1.58% | 0.62% | 0.50% | 0.93% | 0.72% | 0.54% | 0.54% | 3.99% | 1.25% | 0.50% | 0.04% | |
| 9 months | MAE | 2.047 | 0.748 | 0.720 | 0.742 | 0.835 | 0.707 | 0.696 | 1.509 | 1.510 | 0.668 | 0.126 |
| MAPE | 17.20% | 6.29% | 6.05% | 6.24% | 7.02% | 5.94% | 5.85% | 12.68% | 12.69% | 5.61% | 1.06% | |
| MSE | 6.358 | 0.875 | 0.747 | 0.956 | 1.199 | 0.770 | 0.729 | 4.103 | 3.549 | 0.705 | 0.044 | |
| MSPE | 4.49% | 0.62% | 0.53% | 0.68% | 0.85% | 0.54% | 0.51% | 2.90% | 2.51% | 0.50% | 0.03% | |
| 12 months | MAE | 3.556 | 0.750 | 0.783 | 1.033 | 0.955 | 0.867 | 0.755 | 2.714 | 1.992 | 0.704 | 0.133 |
| MAPE | 29.88% | 6.30% | 6.58% | 8.68% | 8.03% | 7.29% | 6.34% | 22.81% | 16.74% | 5.92% | 1.12% | |
| MSE | 19.157 | 0.889 | 0.878 | 1.714 | 1.432 | 1.222 | 0.846 | 9.880 | 6.254 | 0.772 | 0.032 | |
| MSPE | 13.53% | 0.63% | 0.62% | 1.21% | 1.01% | 0.86% | 0.60% | 6.98% | 4.42% | 0.55% | 0.02% | |
Fig 3a. Prediction for a 3-month base by the super learner. b. Prediction for a 6-month base by the super learner. c. Prediction for a 9-month base by the super learner. d. Prediction for 12-month base by the super learner.
Fig 4SHAP interpretation.
Fig 5Comparison of prices among competitors, including Vietnam.