The Bioeconomic Analysis of Hybrid Giant Grouper (Epinephelus fuscoguttatus × Epinephelus lanceolatus) and Green Grouper (Epinephelus malabaricus): A Case Study in Taiwan

Grouper aquaculture is a rapidly growing and dynamic industry within the Taiwan aquaculture sector that serves as an important source of income generation. Farming fishes at a better location (FFABL) is a promising production strategy. This study evaluated the production and economic performance of grouper farming in Taiwan. This investigation employed two steps: (1) a cost–benefit analysis to determine the main component affecting profitability; and (2) multivariate statistics to clarify the relationship between biological and economic factors. The findings suggest that the best choice of species is hybrid giant grouper that generates and highlights a positive income, viable benefit–cost ratio and profit rate. The study found the feed management of hybrid giant groupers requires more consideration due to its low feed conversion ratio. The producers need to replace trash fish in commercial feed during the production cycle to ensure better feed management. Finally, this paper argues that feed is the main constraint for grouper farming, which is sensitive to any change in feed productivity, and this constraint must be solved to sustain the grouper industry in Taiwan.